The Economist – ON ONE level innovation is easily described. The dictionary defines it simply as the act of introducing something new. But business has a more complicated relationship with it. Most firms would claim to see innovation as an opportunity. Many reputations have been won on a single great idea and all will invest in it to some degree. But for the complacent, or the unlucky, it can be the lone sniper’s bullet that brings down a mighty corporation. “Out there in some garage is an entrepreneur who’s forging a bullet with your company’s name on it,” said Gary Hamel, a management guru… >>Read More<<

Source and Photo: The Economist, August 17th, 2012
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