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What is you confidence in innovation?

As some of you know, I’m currently on the Board for the Institute For Innovation and Information Productivity (IIIP).  One of the projects we fund is the annual Innovation Confidence Index.  Some background: IIIP commissioned the Hunter Centre for Entrepreneurship at the University of Strathclyde in

Phil McKinney
Phil McKinney
2 min read
What is you confidence in innovation?

As some of you know, I'm currently on the Board for the Institute For Innovation and Information Productivity (IIIP).  One of the projects we fund is the annual Innovation Confidence Index.  Some background: IIIP commissioned the Hunter Centre for Entrepreneurship at the University of Strathclyde in 2007 to develop reliable cross-national measures of consumer demand for innovation (Consumer Innovation Confidence – CIC). This year, with the third  a new element was added measuring organizational confidence in innovation (Organization Innovation Confidence – OIC).

This is the third IIIP survey of innovation confidence.  Following a successful pilot in the US in early 2007, 12 research teams participated in the first global measurement of national consumer innovation confidence (CIC) in the summer of that year. In 2008, over 81,000 individuals in 25 countries were surveyed, and a pilot survey of organization confidence index (OIC) was conducted in the UK . In 2009, CIC and OIC scores were calculated from the responses of 51,000 individuals in 18 nations plus two important commercial regions of China (Shen Zhen and Hong Kong SAR). Scanning all of the reports, national estimates of CIC are now available for 33 nations plus Hong Kong and Shen Zhen for at least one year, and national estimates of OIC are available for 18 nations plus Hong Kong and Shen Zhen.

Some have predicted that the low ranking for some countries was tied to the severe drop in consumer confidence between 2007 and 2008 and again in 2009 e. AC Nielsen found that General Consumer Confidence (GCC) in April 2008 dropped by an average of 8% for countries that participated in 2007 and 2008 IIIP survey.  By contrast, the IIIP CIC Index in the six nations dropped by only 1% on average of the 2007 value; only in the UK did it drop by as much as 9% from the previous year.

So what is the ranking??  Below is the list in rank order (highest confidence to lowest) based on mean of the 2007 to 2009 survey results.

  1. Colombia
  2. United Arab Emirates
  3. India
  4. Peru
  5. Uruguay
  6. Jamaica
  7. Angola
  8. South Africa
  9. Argentina
  10. Brazil
  11. Chile
  12. Ireland
  13. Spain
  14. Ecuador
  15. Iran
  16. Macedonia
  17. Mexico
  18. Denmark
  19. China
  20. United States
  21. Italy
  22. Iceland
  23. Turkey
  24. United Kingdom
  25. Belgium
  26. Shen Zhen
  27. Israel
  28. Croatia
  29. Slovenia
  30. Finland
  31. Switzerland
  32. Korea Republic
  33. Netherlands
  34. Hong Kong SAR
  35. Japan

Interesting … Thoughts??

For the details, download the IIIP report “The IIIP Innovation Confidence Indexes 2009 Report”

Blogconsumer innovationIIIPinnovation confidenceinnovation indexinternational innovationUS innovation

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Phil McKinney is an innovator, podcaster, author, and speaker. He is the retired CTO of HP. Phil's book, Beyond The Obvious, shares his expertise and lessons learned on innovation and creativity.

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