Fourth industrial revolution will result in job losses in financial services and logistics
The 2016 edition of the Erasmus Competition and Innovation Monitor was presented on Thursday 24 November at the Getting Smart event in Rotterdam. The Erasmus Competition and Innovation Monitor is published annually by the INSCOPE research institute of Rotterdam School of Management, Erasmus University (RSM). The study was led by RSM’s Professor Henk Volberda. The results of the study show which sectors and regions in the Netherlands are seeing the greatest level of innovation and also how this is affecting the employment rate.
The main findings of the report are that the innovative capacity of Dutch companies has risen, but that investments in research and development (R&D) and in information and communication technologies (ICT) fell again this year. The Competition and Innovation Monitor has shown that disruptive innovation requires more than just technological innovation and that top sectors focus too much on technological innovation. Disruptive innovations are mainly found in the high-tech sector and in start-ups. Top sectors logistics and energy lag behind.
Volberda also acknowledges that knowing what’s happening on the work floor is important for producing more radical innovations. Listed companies produce fewer radical innovations. Corporate social responsibility in business produces more product, service and disruptive innovations, but above all demands innovative ways to manage and organise (social innovation). Finally it is shown that the Eindhoven region excels at several types of innovation.
These and other findings of the Erasmus Competition and Innovation Monitor 2014 – 2015 were be announced by Professor Henk Volberda during the Innovation Festival 2015 in the Rotterdam Science Tower. The report (in Dutch) can be downloaded here.