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5 Misconceptions to Avoid When Building Your Innovation Strategy

Qmarkets

Innovation — a necessary component of any successful business in the modern world. Without it, our companies would fail to grow and evolve with the ever-changing markets that we are serving. So, to get started, here are five misconceptions many companies have about innovation that you need to consider when building your strategy.

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5 Misconceptions to Avoid When Building Your Innovation Strategy

Qmarkets

Innovation — a necessary component of any successful business in the modern world. Without it, our companies would fail to grow and evolve with the ever-changing markets that we are serving. So, to get started, here are five misconceptions many companies have about innovation that you need to consider when building your strategy.

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Why you need extreme constraints to fuel innovation

hackerearth

By making a constraint beautiful, we mean seeing it as an opportunity, not a punitive restriction, and using it as a stimulus to see a new or better way of achieving our ambition.”. CEO Marissa Mayer offered the same opinion writing for Businessweek in 2006: Some of the most innovative ideas have come from marketing and advertising.