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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