Innovation is an essential survival skill in the recession, says expert John Kao, former lecturer at Harvard Business School and past consultant to Hillary Clinton.  According to Kao innovation is a skill which can be taught, with recession being the perfect hot house for innovation. Innovative companies willing to take risks will reap rewards in economic recovery.

There’s an argument that says war drives technology forward at an increased pace, with many advances finding their origins in the midst of conflict. So can the same be said for the effect of recessions on business innovation? After all, businesses certainly find themselves on the front line during economic downturns, with many feeling like they’re running constant battles on a day-to-day basis. For Kao, the answer is quite simply, yes: “Recessions are historically times in which planting seeds tend to have disproportionate payoffs.”

Read the full article on TrainingZone’s website:

http://www.trainingzone.co.uk/topic/innovation-essential-recession-survival-skill