Crisis Leads to Innovation ??

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In current scenario recession means correction. past researches told that most of the fortune companies today are because they took great innovative steps during 80-81 recession when others were busted.

Differentiate or die. no body looking for similar products, in similar shops, sold by similar sales person, with similar qualification, sold by similar companies. so during such similar situation who so ever provides excellent ambiance, wow merchandise at genuine prices will be number one.

stand out- its not mp3 its Ipod. Its not TV its Sony, its not clothes its ZARA. These all stand out during me too duration, others are simply followers.

By Alok Sharma, Retail , Leading Consultancy Firm 03 05 2009 12:04:15 +0000

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I don't think that the crisis leads to innovation. Need is not mother of innovation, imagination is the mother of all. If i tell my need is possible to innovate something what i need. I personally feel that its doesn't make any sense at all. Big giants are there in IT field and had done so many innovations but those innovations are not under crisis. When business goes smoothly with out any hassle we don't think too much of it, if it goes wrong all of a sudden we pump up our brain to think how to overwhelm the situation...

By Raju Ramalingam, Business Analyst, Rhytha Web Solutions 01 10 2009 05:29:53 +0000

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Support "Yes" edit in rich text ... Submit Cancel Saving ... 0 0 not most of the time innovation come by chance, you must be knowing the truth "Need is mother of innovation", and here CRISIS is father... in crisis time, you have no other option than working hard to keep your jobs... NEED the outcome, whatever it may be, will definitely better than other times... By Swapnil Thepade, Software Engineer (R & D), Product Responsible, World Leader in CAD/CAM & PLM (Products Company) \| 01 02 2009 05:42:16 +0000 Edit \| Delete Support \| Oppose 0 0 though all the time it is not true, but everytime it improves performance/efficiency. By Swapnil Thepade, Software Engineer (R & D), Product Responsible, World Leader in CAD/CAM & PLM (Products Company) \| 01 02 2009 05:39:08 +0000 Edit \| Delete Support \| Oppose 0 0 I think crisis certainly leads to innovation.As we deliver the best in us only during crisis we come up with something that is unknown(innovation). Well its the type of crisis and the ability of individual to cope with it leads to innovation. Take in case of Financial crisis, we have come up with several innovaive measures to tackle it. By amit chaudhry, Senior Consultant, IML \| 12 08 2008 08:21:34 +0000 Edit \| Delete Support \| Oppose	Support "No" edit in rich text ... Submit Cancel Saving ... 0 0 Most innovations from Edison times have come out to meet the needs of people or persons. Deep crisis like the present wall street greed has not produced any innovation in financial and banking products. At the most crisis time efforts will focus on how to tide over and survive and may not result in great break throughs. Big corporations continue their investments in research and continuously innovate without bothering about the state of affairs. Apple has been a great company innovating products since inception. Same is the story with Google and Mozilla. Majority of innovations happen all the time. Crisis can act as catalyst but it cannot be the main reason for innovation. By Prasad PN, Zonal Sales Manager \| 11 17 2009 17:39:09 +0000 Edit \| Delete Support \| Oppose 0 1 Well Mr.Amith Chaudhry I think most of the time innovation is done by chance not by crisis, by coming out with random good ideas. The competition of giving more ideas within an organisation and developing a new product in this context are good examples of Innovation. By Jitena Kumar Rawat, Senior Consultant, GKC \| 12 08 2008 08:28:51 +0000 Edit \| Delete Support \| Oppose
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Crisis Leads to Innovation ??

	Crisis Leads to Innovation ?? Created by : amit chaudhry, Senior Consultant, IML \| 12 08 2008 08:18:36 +0000 Industry : Management & Strategy ConsultingFunctional Area : Innovation(Strategy & Execution) Keywords : Innovation Financial Crisis Crisis Competition Leads Credit Crisis Activity: 400 views; last activity : 07 06 2010 20:18:09 +0000 What do you think leads to an Innovation ??? Is it CRISIS or COMPETITION or Something else ??? What do you say ???