How Innovation Changes During A Recession

While Winston Churchill was famously supposed to have remarked that we should never waste a crisis, the reality is that during recessions, firms often tighten their belts and reduce the amount they invest in innovation.

Of course, Churchill’s dictum rests on the way in which crises can prompt us to reassess that which we had previously taken for granted and look for new ways of doing things. Research from Kellogg explores whether that is really the case or not.

“We examine innovation following the Great Depression using data on a century’s worth of U.S. patents and a difference-in-differences design that exploits regional variation in the crisis

→ Continue reading at Forbes - Startups

More from author

Related posts

Advertisment

Latest posts

Sale closed in Saratoga $2.9 million for a three-bedroom home

19300 Columbine Court – Google Street ViewA 2,305-square-foot house built in 1965 has changed hands. The spacious property located in the 19300 block of...

Alex Wagner's MSNBC show has lost half of the audience advertisers covet the most in 'brutal' ratings plunge | CNN Business

New York CNN Business  —  On Monday night, inside the upscale Parisian restaurant L’Avenue at Saks in midtown Manhattan,...

4 Reasons Why You Need to Hire a Digital Marketing Agency to Level Up Your Brand Power

Opinions expressed by Entrepreneur contributors are their own. Finding the right people to help you grow your business might be a challenge....