Major U.S. companies are cutting jobs and wages. But many are still spending on innovation.
Check out this article from the Wall Street Journal. If this is indeed true, it certainly bodes well for the future. While there obviously needs to be focus on the “here and now”, the reality is that the world economy will turn, and those companies that have continued to invest in innovation will be the ones to prosper.
Further, great interview with Professor Henry Chesbrough, the Father of Open Innovation. Worth reading.