Have you ever questioned what innovation is? Or did you wonder if innovation can be measured and can be transformed into value? It is very clear that there must be a connection between innovation and value. Otherwise how can it be explained that the best performing economies are also the most innovative? Or how can it be explained that the companies with the highest market value are the most innovative?
If we refer to the national economies of the states where the most innovative companies come from, we discover (without wondering too much) that those national economies are among the strongest and most stable in the world.
The power and stability of a national economy is a direct consequence of the power and stability of the private business environment in that country.
At the same time, governments must encourage innovation both through the legislative framework and financial incentives. Some governments do it very strongly by going almost to the limit of competition. Others do less, others are not too interested in these issues, and their national economies suffer.
Concluding, we can say that continuous innovation has a real value and is the engine of development in the global economic context. Innovation has direct and measurable value when we strictly refer to companies but also has an indirect value to society by contributing to healthy and sustainable economic growth.
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