Tag Archives: recession

Time to Search for New Strategic Growth Opportunities

It had to happen. After several years of solid growth and blue sky thinking, we now have a big, dark cloud hanging over the global economy. So what do we do next? Many companies are likely to put the brakes on strategic growth initiatives, reasoning that money is getting too tight to invest in innovation. It's the usual knee-jerk reaction. And it's totally counterproductive. In a stalling economy, companies need to find new opportunities for pushing up revenues, not just focus on cutting costs.

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Caution! Innovator Crossing

Are You Indispensable at Work? In a time of economic disruption, unprecedented downsizings, budgetary cutbacks and the constant pressure to outsource more and more routine functions (and the employees who perform them), advice on professional survival always seems to convey the same tired message: Be visible. Don’t make enemies. Brown nose the boss. And work even harder. In reality, you ...

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Will Innovation Solve All Our Problems?

I am getting increasingly disturbed. This week two people I know and respect have been talking about the innovation effect. Is innovation the business process re-engineering of our decade; is it part of a bubble like the the dot.com boom. Is innovation simply a fad and fashionable to talk up when we are in the present economic uncertainties? Is innovation ...

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Downsizing Workforce Downsizes Innovation

Not a day goes by in which we don’t hear about some major organization laying off thousands of employees. One of our salespeople recently followed up on a prospective client who had contacted us with strong interest in our idea management product. When the salesperson called the client, he was told that the client company had just laid off 15,000 ...

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Picking Up Where Obama Left Off

“The first step in winning the future is encouraging American innovation.” So stated our President Barack Obama during last week’s State of the Union Address. But more important was what he did not say: How can organizations, enterprises and communities that are in shock facing our new normal economy, begin to reinvent the very essence of our economic and social ...

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Innovation Strategies for a Recession

As the world dips into what is now being described as the worst recession since the 1930s, many businesses are revisiting their innovation strategies. Some, sadly, have decided to drop innovation activities all together. This strategy will only work — and to a limited extent at that — if their competitors adopt the same strategy. On the other hand if ...

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Innovating in Times of Austerity

In these times of austerity we need to focus on the innovation dimensions that matter to us. For some, this will still be all about the big breakthroughs, particularly those in the Consumer Goods industry. For everyone, we need to focus on other key areas and balance our innovation initiatives on: Operational & Process Efficiency Resource/Asset Utilization Network & Supply ...

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