Friday, February 6, 2009

Innovation, We Need it Now More than Ever

Over the past couple of months we have been posting on how innovation in business has become crucial in helping to bring companies out of their troubled state. This morning I came across this article on BBC News UK in which Joanne Stuart, the chairman of the Institute of Directors, mentioned in an annual dinner how the recession has changed businesses and how companies need to understand the changing world around them. Later in the article she says:

"Obviously things are very tough at the moment and we're very focused on how we get out of the recession. But we have to keep an eye on the longer term and it's about building a dynamic economy that will provide and deliver jobs and prosperity through the whole of society, and especially for our children who, after all, are our business leaders of the future."

Do you agree with her train of thought? If anything, what has the recession taught us about our current innovation practices?

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