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Companies Increase Innovation Spending

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During this recessions, wages and jobs are decreasing, but companies are increasing Innovation spending. “The Innovation Climate Survey also asked practitioners what innovation strategies they were using:

– Looking for creative ways to improve or extend your existing products (50.9%)
– Looking for opportunities to improve collaboration (47.2%)
-Increasing focus on changing customer needs (39.8%)
– Focusing on service innovation (38.1%)
– Focusing on process innovation (36.4%)”

Have a great day.

Into the future,

davidT