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Innovation: Why Big Companies Fail to Innovate & why Google is Different.

Posted on: 16-Feb-2009

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Summary

In the previous issue on innovation, Political Economics: Fixing Silicon Valley's Innovation Shortfall where I wrote about how Silicon Valley beat the big East Coast electronics giants, one of the big issues was that researchers in the East Coast organizations wouldn’t take risks. There was a lack of personal incentives. Also, psychologists have shown the larger the group, the less competitive individuals will be – hence, less innovation. Group think is another issue that clouds development.

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About weQuest:
weQuest's are written by G Dan Hutcheson, his career spans more than thirty years, in which he became a well-known as a visionary for helping companies make businesses out of technology. This includes hundreds of successful programs involving product development, positioning, and launch in Semiconductor, Technology, Medicine, Energy, Business, High Tech, Enviorntment, Electronics, healthcare and Business devisions.

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