Innovation Doesn't Slow Down in a Recession. Nor should it.
By Toby Krout, CEO, Co-founder, Boomtown Accelerators
There’s no better time to start a new company or launch a new idea than in a downturn, said Jack Dorsey, founder of Square and co-founder of Twitter. The way to do that is to embrace open innovation and share the load, says Scott D. Anthony, clinical professor at Dartmouth College’s Tuck School of Business and a senior partner at Innosight. In this Harvard Business Journal article, Anthony argues that innovation doesn’t necessarily have to slow down if a recession comes … and he outlines steps that entrepreneurs and companies can do to continue their innovation programs. Part of it involves managing risk by sharing it as widely as possible.