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job losses skyrocketed during the peak recession years 2008-2010 Given the devastating impact of the 2007-08 financial crisis, it’s little wonder that companies worldwide are sensitive to omens of a new “great recession”. Read on to discover how you can transform a recession into a rejuvenation.
Real-World Examples of Radical Innovation Radical innovation has consistently reshaped industries, setting new benchmarks and altering societal behaviors. One example of how organizational culture drives radical innovation is Amer Sports , which used Qmarkets ideamanagement software to engage its diverse international workforce.
What is ideamanagement? Top management world over is now running helter-skelter demanding innovation. And somehow, it would seem tremendously wrong if the C-Suite don’t turn to their employees, who are in the thick of things, for ideas that improve efficiency and cut costs. What are the phases of ideamanagement?
For example, Delta Air Lines, one of the leading airlines, managed to get back to their leading position even after bankruptcy. They successfully emerged from the crisis in 2007 through a series of bold decisions from leaders who embraced innovative thinking. Here’s where an ideamanagement software can again help you.
In 2007 a small-time, ailing Netflix actually thought they were going to be acquired by the Blockbusters giant, but they decided they didn’t want to. The post Adapt or die: lessons from 5 companies that failed to innovate appeared first on Idea Drop | IdeaManagement Software.
In this blog, we will share the additional ‘innovation assets’ that many companies are yet to include in their business innovation strategy. Ideas – The Most Essential Innovation Asset Ideamanagement is the process of finding, developing, and implementing ideas on an enterprise level.
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