Innovation and Economic Growth

Innovation is not a new phenomenon. Arguably, it is old as mankind itself. There seems to be something inherently ―human about the tendency to think about new and better ways of doing things and to try them out in practice. Innovation is a major factor of economic growth and performance in the globalized economy.

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Principles and Strategies of Innovation – You must Know

The great researcher and professor in the field of management and entrepreneurship, Peter F. Drucker, in his book Innovation and Entrepreneurship(1) lists several principles which should be respected by innovators. He has grouped these principles in ―Do ‘s and ―Don’ts in the process of innovation.

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how to start a business?

“I’ve got a great idea for a business. But I don’t have any money to start it up.” This phrase is something I’ve heard again and again . . . and again—from students, friends, and sometimes even colleagues.

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