New Concepts in Innovation: The Keys to a Growing Australia

13 March 2006

Australia is at the international frontier of innovation in business but much of our achievements go unrecognised because the fundamental concept of innovation is misunderstood, the Business Council of Australia said in a major report on innovation released today.

Chair of the BCA’s Education, Skills and Innovation Task Force and Managing Director of Microsoft Australia Mr Steve Vamos said: “The report shows that an entirely new concept of business innovation needs to be embedded into the national culture – in government, economic policy, business strategy, workplaces and the community.”

“Innovation, particularly at the enterprise level, takes in a broader range of activities than has been generally acknowledged.”

Mr Vamos said the BCA’s New Concepts in Innovation report – which is backed by 19 comprehensive case studies that examine what makes new ideas tick in organisations – underlined the extent to which human capital is the driving force behind innovation today and will continue to be into the future.

New Concepts in Innovation: The Keys to a Growing Australia (report)

New Focus Needed on Business Innovation (news release)