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Innovation in a Recession

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Published April 30, 2009

Taking a positive approach in life is an important thing. Our current recession just may lead to many interesting outcomes. One of these might be the increased market capacity for innovation.

It seems to me that during times of economic growth our talented workforce is absorbed into organizations to support organized and steady growth. However, during times of economic contraction those same workers are released into the marketplace as entrepreneurs to drive disruptive and accelerated growth.

Put another way, with many organizations, large and small, letting a lot of bright people go, the current recession may drive individuals to take the necessary risks to innovate. Previous economic downturns have lead to the introduction of market changing events, such as the advent of personal computing.

Innovation just may be one of those silver linings in the dark and stormy clouds of our current economic downturn.

Regards,
Jeremy
_________________________
Jeremy Nickerson, BASc, MBA
Director, Helix Commerce
www.helixcommerce.com

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Post Date:
April 30, 2009
Posted By:
Jeremy Nickerson

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