Innovation can take many forms. Whether innovation involves creating a new consumer product or service, an innovative business model or your innovation is simply a new way of doing business, innovations fuel competitive advantage for your organization that helps you stand out to consumers. Innovation also helps build a stronger economy that makes things better [...]
Innovation is expensive and risky — and the US is falling seriously behind emerging economies in China and Israel in developing innovations. In a post last year, I discussed how low levels of innovation hurt American businesses and the US Economy. Consumer Innovation to Solve Consumer Problems Yet American consumers create 1000′s of innovations every [...]
Although not directly responsible for the financial meltdown, lack of innovation appears to have at least compounded an otherwise difficult situation and, according to some, to be a significant symptom of a more generalized problem resulting in this crisis.