Case Scenario 1: All Those Unfamiliar Places Innovation experts advise executives to seek new thinking beyond their national borders. For companies based in the major economies, that generally translates into studying how things are done in other major economies. Unfortunately, today we encounter the same bad-or just plain old-ideas in New York, London, Frankfurt, Tokyo and Hong Kong Such locations are the geographic counter-part of the "personal, social networks" from which University of Chicago sociologist Ronald Burt urges us to break free. Thom desiring genuinely new approaches to pervasive problems should look past the usual large markets and trading partners to small countries that are, in writer Pico ver words, falling off the map." A surfeit of intellectual capital awaits importation from these overlooked countries. Tiny Denmark, for example, harbors Vestas, the world's most significant wind-power company and biggest manufacturer of wind turbines. The Danes have great improved the cost and reliability of this alternative energy source, leaping ahead of the United States, where commercial wind farms and pioneering wind technologie came into being. Great Britain now has a major wind initiative in the works, and General Electric has made considerable commitments to wind power. But it is the Dan who are generating better than 15% of their energy from what blows offshore. And then there's Finland, which has reduced its rates of cancer and heart disease by double digit percentages More than 30 years ago Dr. Pekka Puska, now the director general of the National Public Health Institute in Finland, led a forceful public-health effort-including an all-out assault on smoking and poor diets-in the Karella regio Puska's campaign later expanded throughout Finland.) Since then, the incidence of Karelians suffering heart attacks or dying from heart disease or lung cancer has declined about 70% Nothing in the panoply of expensive drugs, therapies, and surgical efforts coming from the most powerful developed nations measures up Education, meanwhile, is Cuba's grand success. The country's literacy rate is reputed to be well over 90%. The government turned loose more than 280.000 teachers a its revolution, perhaps 100.000 of them in their teens. Teachers often lived in the homes of those they educated, bringing literacy to the people wherever they might b There are tales of stoop learning" in the sugarcane-workers mastering reading while they're in the fields. Lectors sit on elevated platforms in Havana cigar factories helping laborers fight monotony (boredom) by reading to them from novels or reports of current events. The list goes on and on. Chile has successfully privatized its social security scheme. Visitors to Ulaanbaatar, the aggressively digital capital of Mongolia, can jump ca Internet from any phone. And denizens (residents) of South Korea, the world's most wired nation, participate in virtual pastimes undreamed of in Japan Europe, ar United States. Of course, the developed world has managed to pick up a few such innovations, US. restaurant entrepreneurs are importing eateries other than ubiquitous burger Pollo Campero (from Guatemala and El Salvador) and Jollibee (from the Philippines), for instance, both of which are appealingly ethnic and boast attractive margin proved popular with natives of California after following immigrants there. On the technology front the smart cities movement-patterned after the very netwe Singapore-has spread through the United States and into Europe. This lack the expensive often flawedOf course, the developed world has managed to pick up a few such innovations. US restaurant entrepreneurs are importing eateries other than ubiquitous burger chains Pollo Campero (from Guatemala and El Salvador) and Jollibee (from the Philippines), for instance, both of which are appealingly ethnic and boast attractive margins, hve proved popular with natives of California after following immigrants there. On the technology front, the "smart cities movement-patterned after the very networked Singapore-has spread through the United States and into Europe. There are many reasons for the big successes of small nations. These countries lack the expensive, often flawed infrastructures of the larger powers that can block or dilute innovation. They can't afford systems that don't work, so they tend to devise practical inventions that are relatively bulletproof. And yes, new ideas can spread more easily through smaller, closely connected populations. The Cold War ended suzerainty (the position) in geopolitics. Likewise, globalization and the market economy ethic have increased the intellectual and economic influence of countries that were once vassals of the great powers. Danes - Danish Lectors - a reader, especially someone who reads lessons in a church service. Karelians-The Baltic Finnic (Finland) ethnic group Source from: https://hbr.org/2004/11/all-those-unfamiliar places Retrieved date: 10 May 2022 a) In the case study, you acknowledged that innovation has become a big success in economics of small nations. In your opinion, explain FIVE (5) importance of innovation for developing countries. Provide examples from the given case study. (25 marks) b) If you were a government leader, discuss FIVE (5) ways to boost innovation in your country/state. Relate examples from the case given. (25 marks) E 12 Paragraph infrastructures of the larger nows that can h