Israel rises to 7th in GE Innovation Barometer

70% of Israeli executives mentioned the country's good entrepreneurial climate.

Israel is in seventh place of 25 countries in the GE Innovation Barometer 2013. This year's survey included more than 3,000 executives. GE publishes its annual barometer ahead of the World Economic Conference in Davos. Israel ranked 10th in the 2012 GE Innovation Barometer.

The US tops the 2013 GE Innovation Barometer, with 35% of respondents saying that it is the most innovative country. Germany is in second place, cited by 15% of respondents, followed by China, with 12%. Israel was cited by 2.59% of respondents, ahead of India (2.55%). 70% of Israeli executives mentioned the country's good entrepreneurial climate (down from 78% in the 2012 barometer), the highest proportion of executives who cite their own country. Israel was only matched by executives from the United Arab Emirates.

However, Israeli and foreign executives ranked Israel only 15th in policies for fostering entrepreneurship. The US led in this category, followed by Germany and Japan. Despite Israel's low ranking in this category, Israeli executives believe more than their foreign peers that Israel supports entrepreneurship in a suitable and organized way.

Israeli executives also expressed greater satisfaction than their foreign peers about social support and in the next generation for entrepreneurship (94%). 895 Israeli executives said that to succeed in entrepreneurship it was necessary to understand the customer and to anticipate market developments. 85% of the Israeli executives said that hiring entrepreneurial employees was the key to their success, and 71% said that developing new technologies was the key. Only 39% of respondents mentioned developing new business models, below the global average of 45%.

Published by Globes [online], Israel business news - www.globes-online.com - on January 17, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

5 Comments
View comments in rows
Update by email about comments talkback
POST
Comments
Your name
Please insert your name
Content
Hyperlink in a new window Hyperlink Right Left underline italic bold Bulleted List Ordered List Face1 Face2 Face3 Face4 Face5 Face6
Your comment

Thanks
You comment was recieved and soon will be published.
In posting comments, I agree to abide by the Terms of Use
Globes encourages lively and frank debate, but posts that the editors consider merely abusive or otherwise inappropriate will be removed. Report inappropriate content
Thank you for posting your comment, which will be reviewed for publication.
Loading Comments...load
Load more comments
Twitter Facebook Linkedin RSS Newsletters גלובס