Entrepreneurs need someone on their team to stop them from wandering down the innovation primrose path.
If we work together we will be well on the path to innovation saving the world.
In fact, in a zero growth environment, innovation is the only realistic path to sustained earnings growth.
Mr Govindarajan, of the Tuck Business School at Dartmouth College, has advised General Electric on frugal innovation and co-written a path-breaking article on the subject with GE's boss, Jeff Immelt.
The path to return us to our innovation economy requires long sustained investments that support iterative innovation and create innovators as we concomitantly downsize inefficient government expenditures.
More importantly, he worried about management culture as the path to product culture, where innovation means never-ending creativity, not tossing the dice and getting lucky on a good roll.
With the right incentives, however, path dependency can help because as fuel taxes prompt more clean innovation, the market for clean cars expands, thus making each future clean innovation more profitable.
Every important new information technology follows a similar path on the journey from promising new innovation to mainstream business productivity capability.
This country needs an industrial strategy to set it back on the path to economic growth by capitalising on our greatest strength: innovation.
The search committee and the entire Board concluded that he is the right leader to return the core business to a path of robust growth and industry-leading innovation.
If innovation is to continue in the future, we must understand how to clear the path for progress.
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