S16E23 - HBR Minute - China’s New Innovation Advantage, with Zak Dychtwald

In this "HBR Minute" HCI Podcast episode, Dr. Jonathan H. Westover https://www.linkedin.com/in/jonathanhwestover/) explores the recent HBR video, "China’s New Innovation Advantage." See the video here: https://youtu.be/ump7Kge05ZE. Video Overview: "China is achieving a new level of global competitiveness, thanks to its hyper-adaptive population, says Zak Dychtwald, author of "Young China" and founder of Young China Group. The video covers the following points and questions: The future of the Chinese economy is in innovation. What’s behind China’s new innovation advantage? We shouldn’t be so focused on the innovators. Why do people in China adopt new technologies so readily? China is an outlier in a very important way. What’s so powerful about having all these early adopters? What can companies in other countries learn from China? To understand what’s powering the global rise of Chinese companies, we need to recognize that China now has at its disposal a resource that no other country has. That is: a vast population that has lived through unprecedented amounts of change and, consequently, has developed an astonishing propensity for adopting and adapting to innovations, at a speed and scale that is unmatched elsewhere on earth. It’s that aspect of China’s innovation ecosystem—its hundreds of millions of hyper-adoptive and hyper-adaptive consumers—that makes China so globally competitive today. In the end, innovations must be judged by people’s willingness to use them. And on that front China has no peer." Check out Dr. Westover's new book, The Alchemy of Truly Remarkable Leadership, here: https://www.innovativehumancapital.com/leadershipalchemy. Check out the latest issue of the Human Capital Leadership magazine, here: https://www.innovativehumancapital.com/hci-magazine. Ranked in the Top 10 Performance Management Podcasts: https://blog.feedspot.com/performance_management_podcasts/ ; Ranked in the Top 10 Workplace Podcasts: https://blog.feedspot.com/workplace_podcasts/ ; Ranked in the Top 15 HR Podcasts: https://blog.feedspot.com/hr_podcasts/ ; Ranked in the Top 15 Talent Management Podcasts: https://blog.feedspot.com/talent_management_podcasts/ ; Ranked in the Top 15 Personal Development and Self-Improvement Podcasts: https://blog.feedspot.com/personal_development_podcasts/ ; Ranked in the Top 30 Leadership Podcasts: https://blog.feedspot.com/leadership_podcasts/