We have agreed to address a set of next-generation trade issues, including removing frictions in the global supply chains, helping small and medium-size enterprises grow and better plug into the global trading system, and adopting smart, market-oriented innovation policies.

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Many companies are still learning how to handle new (open, user-led, design-led, service oriented) innovation management practices that now characterise product and service development.

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The report claims that nearly 15% of the reductions deal with technology and innovation-oriented companies, several of them slashed by as much as 50%.

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For CIOs, the answer is simple not easy, but simple: they need to begin rapidly withdrawing themselves and their business-technology teams from the integration business and begin devoting more and more of their time to growth-oriented and customer-centric innovation.

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Portentous as it may sound, the manifesto represents the distillation of several successful team-oriented techniques, and should inspire innovation groups outside the confines of software development.

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The bottom line is that innovation is both a cultural and process-oriented strategy.

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Our brains, oriented towards linear thinking, have difficulty adjusting to a world in which innovation and the growth of intangible capital can proceed at exponential rates.

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The lean innovation process, the agile approach rather than the controlled approach, is oriented more towards involving users in the evolution of the product.

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