The story of Fonterra is also quite remarkable. Fonterra is a New Zealand - based dairy cooperative. It has been highly innovative in dairy product development, quality control, and global marketing. Fonterra has developed advanced milk - processing technologies to produce a wide range of high - quality dairy products such as milk powders, cheeses, and butter. It has also established a strong global presence, ensuring that New Zealand dairy products are in high demand worldwide.
The education system in New Zealand also contributes. It fosters creativity and critical thinking. People are taught to solve problems in different ways from a young age. And there is a culture of collaboration between universities, research institutions, and businesses, which helps in turning innovative ideas into successful products and services. For instance, joint research projects often lead to new technological breakthroughs.
There is a couple from the UK. They had always dreamed of a quieter and more nature - oriented life. They immigrated to New Zealand. They started a small business in a rural area, a bed - and - breakfast. Thanks to New Zealand's tourism popularity, their business thrived. They are now living a peaceful and fulfilling life, surrounded by beautiful landscapes and enjoying the laid - back Kiwi lifestyle.
The story of Apple is also remarkable. With products like the iPhone, they combined multiple functions such as a phone, music player, and internet device into one sleek handheld device. Their focus on design, user experience, and constant innovation has made them one of the most valuable companies in the world. They keep introducing new features and technologies that others then follow.
Sure. One example is Tesla. Their innovation in electric vehicles has been a huge success. They not only developed high - performance electric cars but also advanced battery technology. This has changed the automotive industry's perception of electric vehicles and led to a global trend towards sustainable transportation.
One example is Apple. Their continuous innovation in product design like the iPhone revolutionized the mobile phone industry. The sleek design, user - friendly interface and the integration of various functions made it a huge success.
The LifeStraw is also a remarkable frugal innovation success story. This portable water filter is designed to be affordable and easy to use. It can remove harmful bacteria and parasites from water sources, making it safe to drink. It has been extremely useful in areas with limited access to clean water. Its simplicity and low cost have made it accessible to many people in need around the world, helping to combat water - borne diseases.
Sure. One success story is from Google's X Lab. They worked on self - driving cars. This innovation not only changed the concept of transportation but also inspired other companies to invest in autonomous vehicle technology. Another is Apple's innovation lab which led to the creation of the iPhone. It revolutionized the mobile phone industry and changed how people communicate, work and access information.
Another success story is the open innovation approach of Procter & Gamble (P&G). They launched 'Connect + Develop', an initiative that aimed to source about 50% of their innovation from outside the company. This led to the development of many successful products, like the Swiffer line. By collaborating with external partners, P&G was able to access new ideas and technologies more quickly and cost - effectively.
Sure. One great example is Airbnb. They revolutionized the hospitality industry by allowing people to rent out their spare rooms or entire homes. This simple yet innovative idea tapped into the unused resources of homeowners and provided travelers with more diverse and affordable accommodation options. It started small but quickly grew into a global phenomenon, disrupting the traditional hotel business model.
Sure. Apple is a great example. Their innovation in the iPhone completely changed the mobile phone industry. It combined a touch - screen interface, an app ecosystem, and sleek design in one device, which was revolutionary at that time.