Remove 2009 Remove Competition Remove Open Innovation Remove Technical Review
article thumbnail

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
article thumbnail

Open Innovation and IP Contamination: Are you at risk?

Yet2

Open Innovation (OI) refers to the practice of accelerating innovation by leveraging ideas and technologies from outside sources. Since the introduction of the term in 2003, OI has become a way of being for companies looking to keep an edge on the competition, from large corporations to small and medium size enterprises.

article thumbnail

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. Intensify Your Impact: Keeping Innovation Customer-Centric When a recession hits, consumers tend to be far less willing to open their wallets.