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P.& G. is good at innovation and spinning new products.
One reason is that governments are not very good at innovation.
"The technology is not good at negotiation; it is not good at innovation or creativity and it is not good at caring or empathy," she said.
Yet few businesses are any good at innovation.
He said: "Universities are very good at innovation.
"Large companies are not good at innovation," he says.
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"But he's very good at circumstantial innovation".
They are good at incremental innovation, mostly related to manufacturing (firms from only three other countries have filed more patents in America than Taiwanese ones over the past decade).
The United States has led the way because the country is growing quickly and its electricity systems also are good at encouraging innovation, according to Arshad Mansoor, a senior vice president of research and development at the Electric Power Research Institute, a utility consortium.
I think that they have been very good at product innovation and in dealing with weaker consumer spending.
"Chinese companies are good at mini-innovation and localizing," Pan commented.
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CEO of Professional Science Editing for Scientists @ prosciediting.com