Is new product innovation recession proof?
Probably most written topic, after hearing so much of negative / bad news on paper in recent few weeks... its my turn to put this on the blog.
No, it is not - recession is going to hit the innovation to certain extent, the probability of raising big money for extensive research & development will be tough in this market...new companies would have to manage with frugal funding on engineering & research, hard to think innovative - on limited budget, will be forced to cut corners or make quick decisions.
Who will success in such recession market?
People / companies who build in-house or partnerships for research based on long term innovation strategy, obviously people would have to work at less / no pay for months to build the product & hope to succeed when market bounces back, then comes the pay day!
Good luck in sailing through tough times.
-Bhaskara
No, it is not - recession is going to hit the innovation to certain extent, the probability of raising big money for extensive research & development will be tough in this market...new companies would have to manage with frugal funding on engineering & research, hard to think innovative - on limited budget, will be forced to cut corners or make quick decisions.
Who will success in such recession market?
People / companies who build in-house or partnerships for research based on long term innovation strategy, obviously people would have to work at less / no pay for months to build the product & hope to succeed when market bounces back, then comes the pay day!
Good luck in sailing through tough times.
-Bhaskara
Labels: recession
posted by Bhaskara Kempaiah at
9:26 AM
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