Home > Quick Thoughts
As this BBC article suggests there is nothing new under the sun. Invention and innovation are rarely down to one big idea. Colin Chapman, the Formula 1 racing car designer and founder of Lotus Cars, was renowned for his creativity. But most of his innovations were old ideas which new technology now made possible. Wings on racing cars had been tried many times but it was not until 1967 that Chapman, with Maurice Philippe, made them work effectively. Creative genius is often about recognising when an idea’s time has come.
The pound has fallen by around 8% against most major currencies over the last few months. It is a good time for British businesses to look at opportunities for increasing overseas sales. The internet means even the smallest business should look to export. A creative sales approach can exploit this siginificant improvement in competitiveness; British product still have a cachet in many markets.
Of course it makes things difficult for importers of raw materials, components or finished products. Time to look for ways of increasing the value added in Britain to compensate. Perhaps it is time to insource back to Britain?