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Forbes USA

The competition to lead the market is getting more and more fierce for large companies. The Fortune 500 ranking was stable for years, but that’s not the case anymore. It only took a few years for startups such as Facebook to climb the ranks, whereas it would have taken decades in the preTechnological Revolution world.
This is because the global pace of innovation is accelerating exponentially and the cost of technology is decreasing quickly, creating fewer barriers to entry for newcomers. It’s harder to stay in the race, though, and being a large company doesn’t guarantee that you will stay a leader for long.
Corporate innovation is a key component to stay in the game, and it needs to be at the heart of company strategy and top of mind for leadership. Here are six things that leaders need to keep in mind.

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