From Townhall Magazine's EXCLUSIVE February feature, "8 Top Innovative Companies" by Kathy Jessup:
NCR Corp. officials must be asking, “Which is it, Mr. President?”
“We need to out-innovate, out-educate and outbuild the rest of the world,” President Barack Obama told America in his January 2011 State of the Union address. “That’s how our people will prosper. That’s how we’ll win the future.”
So when NCR, a Georgia-based, 125-year-old customer technology firm, was proclaimed a “Top 100 Global Innovator”—one of 40 U.S. companies on the prestigious Thomson Reuters 2011 list—they should have earned the president’s praise. After all, Thomson Reuters based its global analysis on the number and quality of the companies’ patents and found the top 100 generated more jobs, more revenue, better stock returns and invested more in research and development than their Standard & Poor’s peers.
But not so fast.
In June, Obama blamed ATMs and airport check-in kiosks for contributing to the country’s high unemployment.
And just days after Thomson Reuters named NCR a “global innovator,” the president said this at Osawatomie, Kan.:
“Over the last few decades, huge advances in technology have allowed businesses to do more with less, and made it easier for them to set up shop and hire workers anywhere in the world. …If you were a bank teller or a phone operator or a travel agent, you saw many in your profession replaced by ATMs or the Internet. …And if you’re someone whose job can be done cheaper by a computer or someone in another country, you don’t have a lot of leverage with your employer when it comes to asking for better wages and benefits—especially since fewer Americans today are part of a union.”
NCR, an elite international innovator, is the world’s leading producer of “job-killing” ATMs, retail self-checkout and airline and healthcare self check-in technology.
Read more of Kathy Jessup's analysis in the February issue of Townhall Magazine, including:
--trends shared among some of the most innovative companies in the U.S.
--who these innovators are
--the message these trends hold for President Obama