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Should Big Companies Give Up on Innovation?

Harvard Business Review

Isn’t it better to hasten Joseph Schumpeter’s process of creative destruction and move capital and employment from inefficient dinosaurs to more vibrant and agile upstarts? In these markets if existing companies don’t rise to the innovation challenge, no one will. I give them three reasons. First, timing matters.

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The Industries Plagued by the Most Uncertainty

Harvard Business Review

That means new technologies and new competitors are hitting the market at an unprecedented rate. Over the past five years have new competitors entered the market and captured 10% share by targeting our customers with a different value proposition than what we offer? To illustrate this, consider that patent applications in the U.S.