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Friday, March 12, 2010

Norway

An old adage states, "Necessity is the mother of invention".
But what happens when there is no need to innovate?
What happens when all of ones needs are met through a country's natural resources?

Think of innovative products produced in Scandinavia;
Finland - Nokia Siemans Networks
Sweden - Volvo, Eriksson, AstraZeneca, Ikea (Okay, Ikea has since moved to it's headquarters to The Netherlands but it was founded in Sweden.)
Denmark - Maersk, Bang & Olufsten
Norway... well, er, umm...

Norway has huge reserves of oil and carefully manages the profits from it's sale.
While Norway shares a similar geography, history and ethnicity with it's Scandinavian neighbors - the country seems lacking in innovation.
Maybe these guys are just born with lower IQs.

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