Are Innovation and Collaboration Inherently Linked?

Creation Technologies President and CEO at MEDTECH 2015

How are solution providers like Creation Technologies innovating to drive long-term growth and success as companies, and as business leaders in manufacturing and the high-tech sector? Collaboration plays a defining role.

Bhawnesh Mathur, Creation’s President and CEO, recently shared his thoughts on collaboration throughout the business ecosystem on the Manufacturing Innovation panel on the Strategy & Development Track at MEDTECH 2015 in Buffalo, New York:

“The world has discovered that you don’t have to have a lot of patents [to be successful]. We say that patents are a measure of how innovative we are, or that our country is, but that isn’t necessarily the case.

I think what we’ve learned in the last several years is that collaboration between, i) academia and businesses, and ii) businesses working together and sharing resources and costs, creates technology that makes the country more innovative, and helps the country become more growth-oriented.

With the deployment of NNMI – the National Network for Manufacturing Innovation where companies and academia are working together – that [organizations] are working together because I think they believe that we can develop technology better, faster, that way. I think they believe we’ll create more jobs in North America that way, they believe there is a faster route to innovation that way. It’s a model that doesn’t [provide a particular company with] a lot of patents.

I think what’s happened to the world over the last several years is that, while I absolutely agree with [others on the panel] that you have to protect customers’ intellectual property, and trade secrets and capture [critical information] in your QMS (Quality Management System), that this fear that we’ve got to have thousands or millions of patents to be “good” is something that runs contrary to collaboration and working together to [create] a more robust economy.”

Now us marketing folk are always thinking about our value proposition and how we can drive customer success. At Creation, though, it’s literally everyone across the company who thinks about our enterprise value as more than just a measure of growing revenue and improving profitability. As more than just a function of winning business.

I’m proud, and lucky, to have a CEO, a leadership team, and a company culture dedicated to building strategic partnerships through collaboration, candor and shared objectives. A team that sees collaboration as intrinsically tied to innovation and long-term success. As the responsibility of a corporation in the economic ecosystem.


To the MEDTECH conference attendees, Bhawnesh posed the question:

“Do we want to share with each other, or patent what we know? It’s an interesting dilemma. My observation is that [the global mindset] is changing more toward working together and delivering more success.”

Our motto of Working Together to Build the Future is core to the value we believe Creation Technologies provides as an EMS partner. What role do strategic relationships and collaboration play in your organization’s plans for growth and long-range contribution as a business leader?

 
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Innovation and Manufacturing Fuel Economic Renewal

Early in my career, a big part of my job was to coordinate company involvement in various trade shows across North America. I have worked hundreds of industry and association events over the years. As a result, most tradeshows and conferences can look the same to me and I rarely get excited to attend.

However, I am truly excited to attend the MEDTECH 2015: Convergence | Building Momentum for Growth conference in Buffalo, NY on October 14th and 15th. Here’s why.

Passion for Innovation

My excitement is both personal and professional. I’ve enjoyed my career in engineering and manufacturing over the years because I enjoy seeing how things are made. You could say that innovation truly inspires me.

For Creation Technologies and so many within the electronics manufacturing industry, we believe innovation is at the core of commercialization and manufacturing success. Without new ideas driving new technologies and new products, there would be no manufacturing sector. We’d lose a big economic driver.

Economic Opportunity

Over the last 10 years, there have been significant shifts in manufacturing in North America. I’ve travelled across many provinces and states, visiting businesses in small towns and big cities. I’ve been witness to the struggle of businesses and have seen the very real impact on local economies when a company is forced to close its doors, as well as the impact on people and their families when those jobs are lost.

The entire premise of MEDTECH 2015 is to bring together brilliant minds in healthcare, sharing new ideas and technologies that will elevate the medical industry to new levels. MedTech member companies are innovative and bringing new products to market. As a result, MedTech member companies are growing and creating new employment opportunities across the New York State and beyond, which is a good thing for everyone.

Medical Industry Driving Renewal and Growth

I am excited that Creation is a member of MedTech, and we are looking forward to great discussion at the conference in Buffalo.

I look forward to hearing the thoughts of Bhawnesh Mathur, Creation’s President and CEO, as he discusses the theme of Manufacturing Innovation as part of a panel of experts.

I also look forward to learning more about the cutting-edge technologies and products in development by our OEM customers.

Creation Technologies’ mission statement is to ‘enrich lives’ and we are proud to support MedTech and its innovative member companies. There is no doubt the ideas shared at MEDTECH 2015 will spark change and revitalize communities.

And that’s something to get excited about.

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