It is a vision of the Malaysian leadership to create a high income society by the year 2020. In order to achieve this vision Malaysia, a successful commodity and manufacturing nation, needs to develop its technology capability and capacity to become a knowledge-based economy.

Malaysia targets six percent (6%) annual economic growth. To achieve this, Malaysia needs to improve its capacity and capability in high technology and a combination of factories that make high technology products and a vibrant services industry. It must be able to produce a diversity of high-tech products and services with better prospect for exports.

To create a high income society and to achieve a high income economy, Malaysia has to have a focused economy, an economy that focus on a few sectors of high value based on innovation with concrete potential. In order to have a stable economy, Malaysia needs to move into sectors that are not prone to bubble economy.

SPEARHEADING SECOND FRONTIER of Sustainability in Malaysian Rubber Industry

Brundtland Commission in 19871 defined sustainability as the development seeking to meet the need of the present generation without compromising the ability of future generations to meet their own needs or development that achieve a balance, interdependent and mutually reinforcing economic, social and environmental aspects. In the commodities fraternity sustainability is normally discussed in terms of the effect of an industry to the profit, people and planet (3P).

Innovating Innovation: Innovation in the age of disruption and Black swans

Over the past decade, quality, efficiency and safety have, to a certain degree permeated many organizations, forming an integral component of the organization’s quest to be competitive. However, in recent years, the hype has been to add another word to the companies’ load of initiatives; Innovation! Despite the move, many organizations have not been successful at diffusing innovation throughout their organization, seemingly remaining just a buzz word. Nonetheless, as organizational leaders sit in their lofty pseudo cocoon, when many giants are crashing down around them, are they truly aware of the need for their organization to innovate?.