Innovation and Technology in Business

The video discusses the importance of innovation in product development, highlighting that 90% of profits come from products not in the market 18 months prior. It emphasizes the need for employees to adapt and learn new skills to keep up with changes. The company values education and corporate responsibility, similar to how McDonald's supports Ronald McDonald Houses. The video also stresses the role of technology in solving global issues, particularly in energy, communication, and healthcare, and the need for better education in STEM fields to advance these areas.

What percentage of the company's profits come from products introduced in the last 18 months?

• 100%

• 90%

• 50%

• 70%

What is the company's approach to product development?

• Minimal changes

• Gradual improvement

• Complete reinvention

• Outsourcing

What is required from employees to keep up with the company's product changes?

• Higher education degrees

• Relocation

• Increased working hours

• Creativity and innovation

What mindset is crucial for employees in this company?

• Conformity

• Adaptability

• Resistance

• Indifference

Why does the company focus on education for its workforce?

• To expand globally

• To reduce costs

• To maintain a loyal and productive team

• To increase profits

What is the company's heritage focus?

• Sales

• Education

• Marketing

• Manufacturing

How does the company view its corporate responsibility model compared to others?

• Irrelevant

• Superior

• Inferior

• Equally important

What is the company's belief about solving global issues?

• Through political change

• Through better use of technology

• Through financial investment

• Through cultural exchange

Which areas are expected to benefit from technological advancements according to the company?

• Tourism

• Fashion and design

• Real estate

• Energy, communication, and healthcare

What fields of education does the company emphasize for future progress?

• Social sciences

• Arts and humanities

• STEM fields

• Business and management