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How to Keep Innovating in an Economic Downturn

Innov8rs

Why shouldn’t you just give up on innovation when times are tough? Here are just a few of the arguments that explain why commitment to innovation can bring great results even when you’re facing financial difficulties. Competitive Advantage In all circumstances, leaders will and should have strategic priorities on top of their minds.

How To 105
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Building a Culture of Innovation

Fehmida Kapadia

These games are wonderful at promoting teamwork, camaraderie and collaboration, because they allow us to be children again and experience the unbridled joy of being silly, of failing and trying again. This model of unbridled creativity made Zappos wildly successful and it was acquired by Amazon in 2009.

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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. By of new innovation projects, employees are likely to feel more positive about contributing.

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

Open Innovation EU

As opposed to entrepreneurship, entrepreneurial thinking is not necessarily bound to entrepreneurs (to be); it is an essential skill for ‘strengthening human capital, employability and competitiveness’ (Bacigalupo et al., Investigating systematic process differences between innovative and imitative new ventures. Shane, 2003).