Week3--Industrial Development and Innovation Management
I am quite familiar with this week's topic, it is because China's development is basesd on the industrial development. At the begining, I want to share something happened in China. And I think Industrial development and sustainable development may contradict with each other. At around 1970, China started be open minded, as what we learned last week. At that period, China's development strategy is "economic development first, environment protection second." This made China gradually grow up. However, big achievements followed by serious environmental problem.
This lead us to first part of the session "We need to move from thinking linearly into a cyclical mood. ", which is about the Sustainable Industrial Development --- the combination of sustainable development and individual development --- is to develop its eonomy and at the same time care about environment. Furthermore, maximising value creation without reducing options for future generation. In my opinion, the reason why we need to talk about the sustainable industrial development is because of the shortage of resources and the severely damaged environment. In order to better understand the topic. We read some articles.
Reading1 talks about the industrial development can achieve gender equality. What I understand about this readting is that industrialization increase the number of working people, so that women also go for work. What they were doing in the begining is about spinning and other Light Industry processing. What happened in China also can prove this argument. China can have a big industrial development because of the cheap labor. And most of labors are women. Women do not need to rely on their husbands, and they can have their independet income. This makes women have their status in the society, and achieve gender equality.
The key takeways from Reading 2 is about the "advantages of backwardness". Some people may think starting something late is not a good same, it lose the opportunities to compete with other. However, what this article points out is very interesting. Author thinks starting lates has its advantages. It is because these late comers do not need to bear the developing difficulties. They can learn from the previous experiences and avoid the same mistakes which committed by previous people. They can just follow the previous successful roles. Beyond this obvious idea, I think this is a hint for some developing countries. They do not have ability to lose, and now, they have chance to develop without much loses. This is good fo them to be backwards.
What I learned from Reading 3 is about this world economic forum report explores the business case for sustainability as an opportunity for innovation and growth. It shows the disadvantages of developing countries. Developing countries usually export raw materials with low price and import end product at a high price. It shows that without technology, countries cannot develop. And technology can make rich countries richer, and make poor countries poorer.
We did an interesting experiment about the the choices of different type of products with the same function. One is normal product, another is green product. If two of them having the same price, almost all people are willing to choose the green product. If the green product is less expensive than the normal product, some people still want to buy green product. However, when the green product is much expensive than the normal product, only 20 percent population still want to to buy it. Hence, it shows that consumers are willing to pay more for the green products, but not much. This experiment shows us a very significant concept of the sustainable issue. And what we need to work on it becomes the major issue in today's society.
The second part of session we focus on technology and innovation development. I have some takeways in this part, the first one is one quote, "To be innovation, need to have four smarts, smart people, smart ideas, smart money and smart friends. " Just us one quote from Tom Peter on the opportunity and challenge of innovation to keep abide to is this: “Life is pretty simple:
You do some stuff.
Most fails. Some works.
You do more of what works.
If it works big, others quickly copy it.
Then you do something else.
The trick is the doing something else.”
This is a meanful concept, change is the only constant. If people do not have innovations and new ideas, they will lose their competition. For instance, Apple need to continue come out new products to attract customers.
The second one is R-D-A Translating Process, which is the translation of new insights and understanding to practical application. New ideas have been created, need to be developed and applied in reality. Imagination is not enough, must convert it into application. The difference between invention and innovation is convert ideas into market place.
I felt that this week's session gave me a good idea of the different forms of change. And the main point of development, both in the short run and long run. Overall, I will give 8/10 for this week's session.