Search This Blog

Wednesday, July 8, 2009

Innovate Our Way Out Of Recession

Whether it's a faster way to move data, a cheaper way to power a car or a cleaner way to sweep up dust bunnies, the right innovation can deliver huge profits to an organization. But given today's fast-paced global marketplace and limited resources for research and development, companies often struggle simply to survive, let alone innovate.

Yet the same forces that have flattened our world may also yield new directions for the future of innovation. During a recent conference at the Mack Center for Technological Innovation, academics and business leaders argued that, rather than going back to the drawing board, companies should go outside their walls and tap into "innovation networks."

An "innovation network" is a web of people, institutions or companies outside of a firm that helps it solve problems or come up with new ideas. While organizations have formed alliances and strategic partnerships for hundreds of years, experts say this web of connections is becoming increasingly important today.

Despite their importance, alliances between companies only succeed about 40% of the time, said Wharton management professor Harbir Singh, a conference organizer and Mack Center co-director. "Why is the success rate not higher?" Singh asked. "How do we improve performance above 40%?"

16 comments:

Islam said...

Pls make a post related comments
Allah
Islam
Muslim
Dajjal

World Wide Bookmark said...

Excelent work. Will be beneficial for others. Thanks.

Better Article Submission said...

Nice work. I appreciate it. Looking for such useful future works. Thanks.

Muslim Forum Blog said...

Important work. I appreciate it. Thanks.

Directory Surrender said...

Such works should be regular. People demand it. Thanks.

News Link said...

Commendable work. Looking for updates.

Tawheed Procation said...

Such works demands admiration. Thanks.

Great Article Surrender said...

Hai. Beautiful work. Write frequently and be beloved of others.Thanks.

Great Article Resignation said...

I like your post. Wordless comment. Thanks.

First Article Resignation said...

Essential post. As rose in all flower. Keep writings. Thanks.

World Directory Submission said...

Beautiful writings. Good thinking. Keep going. Thanks.

World Directory Submissions said...

Nice article. Unique thinking. Thanks.

World Book Symbol said...

Useful article. Will be beneficial for others. Thanks.

My World Bookmarking said...

Nice work. Deserving of appreciation. Thanks.

World Book Message said...

Good job. Everybody make post related comments. Thanks.

Sean said...

We are looking for affiliates