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Canada lags in innovation

Published by Steve Coleman on January 31, 2012

While Canada placed 11th in a 142-country survey of innovation performance, the country's score could have been higher had some business leaders shown a better understanding of the subject, a new Conference Board of Canada study says.

Canadian business leaders are less inclined to take part in improvements because they're less likely to see it as a necessity.

"Canadian business leaders may be less inclined than their global counterparts to adopt innovation as a business strategy because they do not see it as rational or necessary in their current environment," said Daniel Munro, Principal Research Associate, in a news release. "Many Canadian business leaders feel that competitive pressures are not strong enough to motivate innovation, capital markets are too weak, and the tax burden is too high. But their perceptions do not always align with reality."

The results came from results gathered during the World Economic Forum's Global Competitiveness Survey 2011-12, entitled From Perception to Performance: How Canadian Business Leaders View the Innovation Environment. This year's survey will be done between February and the end of April.

Canada placed eleventh among the 142 countries ranked on innovation in the WEF's most-recent report, but lagged behind countries such as Japa, the United States, Germany, Switzerland, Sweden and Finland.

For a more detailed look at the subject, check the following link.



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