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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. Find strength in uncertainty: A crisis can be an opportunity in disguise.

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How to Keep Innovating in an Economic Downturn

Innov8rs

Even if you might have to kill some of the long-horizon projects due to financial consideration, you can still think of alternatives that will ensure long-term growth. So, you need to review and fine-tune the existing innovation strategy to match the new priorities. The answer depends on where you live, and whom you ask.

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Innovation Ecosystem: Bridging the Gap Between Digital and Offline Innovation

Qmarkets

Now, with the advent of innovation software, the process of ideation and collaboration mostly happens online. Due to the time limit, participants will be intensely focused on innovation. In many cases the goal is to create usable software or hardware. In digital forums, in contrast, everyone is equal. Hackathons.

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Innovation Ecosystem: Bridging the Gap Between Digital and Offline Innovation

Qmarkets

Now, with the advent of innovation software, the process of ideation and collaboration mostly happens online. Due to the time limit, participants will be intensely focused on innovation. In many cases the goal is to create usable software or hardware. In digital forums, in contrast, everyone is equal. Hackathons.

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What is innovation management and why your organization needs it

hackerearth

Reduces risk of becoming obsolete due to competitors. Improves chances of survival due to better solutions spawned from newer technologies. Source: The Evolution of Innovation Management towards Contextual Innovation (2008). This includes significant changes in techniques, equipment and/or software. Decreases costs.

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What is innovation management and why your organization needs it

hackerearth

Reduces risk of becoming obsolete due to competitors. Improves chances of survival due to better solutions spawned from newer technologies. Source: The Evolution of Innovation Management towards Contextual Innovation (2008). This includes significant changes in techniques, equipment and/or software. Decreases costs.

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How Apple created two giants

Matthew Griffin

Many bystanders are more likely to view these two giants emergence onto the global stage as business evolution rather revolution and while Samsung declared their competitive intentions in 2008 Foxconn has only recently reached the starting line of its long journey. Click & Connect with Matthew: LinkedIn .