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Recession, Survival and Innovation

Destination Innovation

In times of severe recession should you cut costs and focus on survival or take the opportunity to invest in innovation so that you can benefit from the eventual recovery? If the cash dries up and you cannot pay the rent then a pipeline of great innovative products and services is of little help.

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Eight Companies that Switched What They Did

Destination Innovation

In 2022 it had a market capitalisation of over $700B. From 1998 to 2008 it was the world’s largest supplier of mobile phones and smartphones but fell behind Apple and Samsung. The Wrigley Company is now the largest manufacturer and marketer of chewing gum in the world. In 2008 Mars Inc. acquired Wrigleys for $23B.

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Water4: market-creating innovation at the heart of Sierra Leone

Christensen Institute

This is the first of a two-part blog series on Water4 and how it addresses a market need to provide clean and safe water in Sierra Leone. But one innovative organization is taking a market-creation approach to solving some of the challenges associated with providing safe drinking water. million people since 2008.

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Baader-Meinhoff Phenomenon: Why we see things everywhere once we see them once

Idea to Value

The Baader-Meinhoff group had existed in the 1970s, and there was even a popular German book (1985) and film (2008) about them, but they were not as well known outside the country. When it comes to innovation and creativity, we need to be careful when looking at trends and getting feedback from the market.

Trends 190
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Innovating in an Economic Downturn

Innovators Alliance

Four Power Moves to Turn Economic Downturns into Innovation Uptrends During an economic downturn, it’s hard to think outside the bucks – let alone the box. As a result, we focus internally, at the expense of forward-looking innovation. And its iPad was introduced during the 2008 downturn.

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Startup Entrepreneurs and COVID-19: a Real Challenge

InnovationManagement

The coronavirus pandemic is turning out to be an international economic crisis, with ramifications for all industries and markets, similar to the crisis of 2008. The post Startup Entrepreneurs and COVID-19: a Real Challenge appeared first on Innovation Management.

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Seven Companies That Failed to Innovate and What Happened to Them

IdeaScale

Overview: Companies that fail to innovate can go out of business, yet there are even worse fates that can await them. These seven companies lost out on entering major new markets, got acquired by competitors, or accumulated billions on bad bets, all by failing to innovate or grasp the value of their innovations.

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