2. Innovation - definition Joseph Schumpeter - Theorie der Wirtschaftlichen Entwicklung, 1912 1. The introduction of a new good — that is one with which consumers are not yet familiar — or of a new quality of a good. 2. The introduction of a new method of production, which need by no means be founded upon a discovery scientifically new, and can also exist in a new way of handling a commodity commercially. 3. The opening of a new market, that is a market into which the particular branch of manufacture of the country in question has not previously entered, whether or not this market has existed before. 4. The conquest of a new source of supply of raw materials or half- manufactured goods, again irrespective of whether this source already exists or whether it has first to be created. 5. The carrying out of the new organization of any industry, like the creation of a monopoly position (for example through trustification) or the breaking up of a monopoly position

3. Global Innovation Index - 2009

5. Most innovative companies in the world -2010 1. Apple 2. Google 3. Microsoft 4. IBM 5. Toyota Motor 6. Amazon.com 7. LG Electronics 8. BYD 9. General Electric 10. Sony

6. But… for the first time since the rankings began in 2005, the majority of corporations in the Top 25 are based outside the U.S. 15 of the Top 50 are Asian China – BYD, Lenovo, Haier Electronics, China Mobile and HTC (same number of corporations as Japan)

7. Financing methods of new innovative corporations in the USA Own capital Business angels Google - Andy Bechtolsheim - co-founder of Sun Microsystems – 100 000 USD Venture capital Google - Kleiner Perkins Caufield & Byers and Sequoia Capital and other funds – 25 million USD IPO Google - August 19, 2004 - the company offered 19,605,052 shares at a price of $85 per share

8. Silicon Valley – main innovation cluster Fortune Global 1000 corporations Adobe Systems Advanced Micro Devices (AMD) Apple Inc. Cisco Systems eBay Google Hewlett-Packard Intel National Semiconductor Nvidia Oracle Corporation SanDisk Sun Microsystems (acquired by Oracle Corporation) Symantec Yahoo!

9. Najlepšie univerzity sveta podľa zoznamu Shanghai 500

14. Ing. Tomáš Dudáš, PhD.

19. Source: U.S. Bureau of Labor Statistics

20. Main factors of long term economic changes ● Changing consumer tastes ● Increasing globalization ● Changing workforce skills ● Technological improvements

21. 15 U.S. industries projected to ADD jobs the fastest through 2014* * Among industries with more than 100,000 employees Business services 3. Management consulting services 3. Management consulting services 5. Facilities support services 5. Facilities support services 6. Employment services 6. Employment services 7. Office administrative services 7. Office administrative services 13. Accounting, tax, & payroll services High-tech services 2. Software publishers 8. Computer systems design Health and social services 1. Home health care services 1. Home health care services 4. Residential care facilities 4. Residential care facilities 9. Outpatient & laboratory services 9. Outpatient & laboratory services 10. Child day care services 12. Offices of health practitioners 15. Rehabilitation services Education services 11. Other educational services 14. Colleges & universities Source: U.S. Bureau of Labor Statistics

22. 15 U.S. industries projected to LOSE jobs the fastest through 2014* * Among industries with more than 100,000 employees Nondurable manufacturing 1. Cut and sew apparel mfg. 2. Fabric mills 3. Basic chemical mfg. 6. Rubber product mfg. 8. Synthetic materials mfg. 13. Pulp & paper mills 14. Petroleum & coal mfg. Durable manufacturing 4. Industry machinery mfg. 5. Electrical equipment mfg. 7. Foundries 10. Computer mfg. 12. Metalworking machinery mfg. 15. Other machinery mfg. Natural resources 9. Sawmills & wood preservation 11. Crop production Source: U.S. Bureau of Labor Statistics

23. Largest Economies in 2050 (JP Morgan)

24. Largest economies in 2050 (Goldman Sachs)