Page 46 - COMPASS - COMPETITIVENESS REPORT 2022 - COUNCIL OF COMPETITIVENESS IN GREECE

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I n 2021, in the second edition of the annual Compass report, we identified the promotion

of innovative entrepreneurship as one of the fundamental steps to be taken towards bol-
stering our country’s competitiveness and resilience in the face of an uncertain future.

The coronavirus crisis accelerated digital transformation, rewriting the rules on global
competition and opening up a world of considerable challenges and opportunities. In this
new normal, where uncertainty is the only certainty, innovation emerges as a vital factor that
enables states, organizations and businesses to redefine themselves, foster resilience in their
operations, and achieve sustainable growth in a world that is changing much faster than we
realise.
With this third edition of the Compass report, we have endeavoured to delve deeper into
the role of innovation, appreciating the paramount importance of building strong links and
VASSILIS E.
cultivating connections for the exchange of knowledge and ideas—between academia, sci-
KAFATOS
ence and research, business, startups, the state, and society—as a key to gaining competitive
advantage and breathing fresh impetus into the country’s production and business models.
Chairman of the Advisory Board,
Council on Competitiveness of Thus, with innovation setting the tone for this year’s report, we identified the conditions that
Greece
must be in place so that the adoption and integration of innovation into business culture be-
comes a core priority in the context of strengthening the competitiveness of Greek business
in general. Expanding on the above, we noted the considerable improvements in Greece’s
performance on innovation and the fundamental pillars of competitiveness.

Moreover, we put forth a series of proposals outlining the creation of innovation-focused
training programmes for new businesses, the attraction of select productive investments to
boost collaborative innovation ecosystems, and the continuous improvement of workforce
skills. Nurturing talent with the right knowledge and future-proof skill sets is perhaps the
single most critical catalyst in advancing innovation and shoring up competitiveness and
prosperity well into the future.