ITU Telecom World 2009 In Review on end user functional specifications. Open source applications – available even on satellite systems – encourage user communities to interact and add new features (e.g. more than 40’000 apps on an iPhone). Industrial technolo-gies are likely to become more attractive if individuals contribute to overall value creation and transparent revenue sharing (e.g. eBay) becomes part of the business model. Summary of closing remarks Innovation is everywhere. Open source space is a good foundation for innova-tion. Moderator * Dr Didier Fass, Associate Professor, ICN Business School and LORIA INRIA, France Panellists * Mr Laurent Haug, Founder & Director, Lift lab SARL, Switzerland * Dr Mark I. Krivocheev, Professor, Chief Scientist , Radio Research Institute (NIIR), Rus-sian Federation * Dr Yoshihiro Fujita, Executive Research Engineer, Science & Technology Research Laboratories, NHK (Japan Broadcasting Corp), Japan * Dr Hung Song, Vice President, Global Marketing Group, Telecommunication Systems, Digital Media & Communications, Samsung Electronics Co., Ltd., Korea (Rep. of) CEO ROUNDTABLES CEO.1 – GLOBALIZATION AND LOCALIZATION Global markets allow economies of scale and scope, enabling low prices as well as making devices and services affordable and more widely accessible. In response, consumers are adopting many innovations but also rejecting others. Increasingly consumers create and define their own markets, at the extreme down to a customized market of one. Consumers are altering their expenditure 97 Forum Summary Report