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How to Keep Innovating in an Economic Downturn

Innov8rs

Additionally, an Accenture study revealed how technology leaders, companies that invested heavily in technology during the COVID-19 crisis, have been growing at a faster rate than their competitors. Organizations should make changes in their strategy, governance, engagement, and incentives.

How To 105
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The Travel & Hospitality Industry is Being Disrupted, Again.

Leapfrogging

Each month I’m tapping into the industry expertise and experience of one of Plug and Play’s 15 industry verticals to highlight the disruptive trends, technologies and companies shaping the future. The “travel-tech” sector has attracted over $19B+ since 2008. The “travel-tech” sector has attracted over $19B+ since 2008.

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Seven impacts Open Innovation can have on your bank!

mjvinnovation

New technologies and new consumer behaviors are forcing banks to move. The 2008 financial crisis was decisive. Numerous experts point to the 2008 global financial crisis as an epicenter. With technology, new competitors have also emerged. Structuring innovation strategies with only internal teams in mind is not enough.

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What is innovation management and why your organization needs it

hackerearth

Either way, businesses need to identify where they are going wrong because innovation as a business strategy is here to stay. Once a well-defined innovation strategy that aligns with business goals is in place, the next step will entail managing it effectively. Reduces risk of becoming obsolete due to competitors.

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What is innovation management and why your organization needs it

hackerearth

Either way, businesses need to identify where they are going wrong because innovation as a business strategy is here to stay. Once a well-defined innovation strategy that aligns with business goals is in place, the next step will entail managing it effectively. Reduces risk of becoming obsolete due to competitors.

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The enemy is already within. The flood gates are open. Can GE recover?

Paul Hobcraft

It is then through managing your future development, mostly through research and development, that when combined with a sound acquisition strategy, that you believe will then augment your present internal growth and look to sustain the business. Well not anymore, GE recently in its 3 rd quarter review revealed its chronic cash position.

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

Qmarkets

However, by developing an innovation strategy that anticipates a downturn, you can help your enterprise weather the storm and even uncover lucrative ways to gain a competitive edge. It’s estimated that a loss of more than $2 trillion in world-wide economic growth occurred between the second quarter of 2008 and the first quarter of 2009.