18 Jul '12, 2am

Too Big to Innovate: How Scale & Efficiency Are Trumping Innovation

by Edward D. Hess, author of “The Physics of Business Growth: Mindsets, System, and Processes “ Innovation is a popular buzzword in the business world today. Every company strives to be innovative. Everyone wants to be the next Apple or Facebook. They want to revolutionize their products and services by creating the next iPad or Zappos-style service model. But they don’t. They can’t. Most companies pump out the same old gadgets and services, placing more of a focus on cost and efficiency than creativity. They are so tied to Wall Street’s demands to “grow or die” that they are rarely able to get a fresh idea into the starter phase. Many companies today are anti-innovative without even realizing it. And without a renewed focus on innovation, U.S. companies will continue to see a decline in international competitiveness. Today’s companies are structured based on scale, effici...

Full article: http://www.youngupstarts.com/2012/07/18/too-big-to-innova...

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