The best time to innovate.
The lifespan of companies on the S&P 500 is dropping. It once was 67 years, and is now down to 12! Many of these drop out during recessions. Are we in a recession now? I’m not going to engage that here, but I do think there is uncertainty in the economy now. Tom Doorley of Sage Partners argues that in an uncertain economy like ours, NOW is the time to invest in GROWTH.
Not sure how to invest in growth and innovation right now? You can start with some free help online. But for now, here are three key steps:
1. COMMIT to innovate for growth.
2. STUDY the fundamentals of innovation. The basics like goal setting, asking questions, team formation.
3. Set a vision and a plan and EXECUTE day by day, drip by drip.
And if at some point you want www.kpco.us to help, please connect.
#Innovation, #InnovationProcesses