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Innovating resilience: How avoiding reducing innovation through cost-cutting can boost performance in a crisis.
- Source :
- Strategic Direction; 2021, Vol. 37 Issue 11, p31-32, 2p
- Publication Year :
- 2021
-
Abstract
- Purpose: This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design: This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings: Organizational areas which deal with innovation are often the first to see costs cut when an economic crisis emerges. Yet this can actually have a dramatic negative effect on recovery after a crisis, compared to cutting costs elsewhere. Originality: The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format. [ABSTRACT FROM AUTHOR]
- Subjects :
- TECHNOLOGICAL innovations
COST control
FINANCIAL crises
CRISES
COVID-19 pandemic
Subjects
Details
- Language :
- English
- ISSN :
- 02580543
- Volume :
- 37
- Issue :
- 11
- Database :
- Complementary Index
- Journal :
- Strategic Direction
- Publication Type :
- Academic Journal
- Accession number :
- 160560188
- Full Text :
- https://doi.org/10.1108/SD-10-2021-0109