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How to Keep Innovating During an Economic Crisis

Innov8rs

Review your company's innovation practices, reassess your approach, and build capacity for the future. Don't stop innovating: Companies that continued innovating during the 2008 crisis grew 30% more than those that cut their innovation investments. One way is to create simple rules to guide the innovation process.

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An Openly Innovative Attitude.

100%Open

Opening innovation up. On the other hand – we have Open Innovation – this helps organisations, large and small to assume a more collaborative and outward-looking approach. There have been numerous contributing factors to the rise of open innovation and the decline of a more ‘closed-off’ innovation approach.

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Innovate, Adapt, Overcome: How to Beat a Recession with Idea Management & Continuous Improvement

Qmarkets

job losses skyrocketed during the peak recession years 2008-2010 Given the devastating impact of the 2007-08 financial crisis, it’s little wonder that companies worldwide are sensitive to omens of a new “great recession”. By of new innovation projects, employees are likely to feel more positive about contributing.

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Typology for Innovative Organizations

Open Innovation EU

structured ambidexterity; O’Reilly & Tushman, 2008; i.e. contextual ambidexterity; Birkinshaw & Gibson, 2004). As such, a modern-day typology for innovative organizations should deal with ambiguity in organizations. Product innovation processes in small firms: Combining entrepreneurial effectuation and managerial causation.

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11 Paradoxes of Entrepreneurial Thinking: why entrepreneurship can hardly be taught

Open Innovation EU

2008) have written an excellent paper on the discussion of what entrepreneurship competence actually. Koppl, 2008; Lewin, 2011). The trust paradox is mostly visible when dealing with outsiders, collaborators, clients, suppliers, et cetera and is of great difficulty for entrepreneurs. Lans et al. 1: The Uncertainty Paradox.

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Innovation Ecosystem: Bridging the Gap Between Digital and Offline Innovation

Qmarkets

Innovation used to be something that would happen in a physical setting, be it in a workshop, a laboratory, research center, etc. Now, with the advent of innovation software, the process of ideation and collaboration mostly happens online. This variety of perspectives significantly enriches the innovation process.

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Innovation Ecosystem: Bridging the Gap Between Digital and Offline Innovation

Qmarkets

Innovation used to be something that would happen in a physical setting, be it in a workshop, a laboratory, research center, etc. Now, with the advent of innovation software, the process of ideation and collaboration mostly happens online. This variety of perspectives significantly enriches the innovation process.