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Innovation 2009: Cutting the Fat

Posted in Funding Sources, Tips and Advice, Venture Capital Firms by mcarter on December 22nd, 2009

Christmas fast approaches and soon Dick Clark’s head will be bobbing to the machinations of another Times Square New Year’s Eve.

Another year has passed.

BusinessWeek offers up its Year in Innovation and notes that despite not-so-golden times, 2009 forced entrepreneurs and innovators to cut the fat. An excerpt:

…Still, creativity lives on. Among fresh or fringe approaches that became mainstream tools in 2009: trickle-up innovation, design thinking, and open innovation. And while innovation may no longer be the golden goose it was in flusher times, the penny-pinching has forced companies to break some bad habits—such as wantonly pursuing every new idea—which could help them roll out new money-making products and services as the recession eases and an economic recovery takes hold.

Also, be sure and check out BusinessWeek’s best innovation books of 2009.

And while you’re at it, from everyone at INOV8 and IA, have a blessed and merry Christmas (or if you insist, happy Festivus….).

See yall in 2010.

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