Technology transfer: opportunities and outlook in a challenging economy [journal article]
By: Clifford M. Gross
From: Journal of Technology Transfer, Vol 39 No 1 (2009)
"The business world has recently been staggered by radical changes that no one could have imagined with the Dow Jones Industrial Average (DOW) at 2002 levels and the Nikkei Index at it 26 year low, but one thing remains the same—companies still need to grow, or they die. And, the best way to grow is to innovate. ... A recent study by BusinessWeek analyzed the 2,000 best companies in the world rated on financial performance and innovation capability. The top 50 innovators significantly outperformed the Standard & Poor’s 500 even in a tough economic climate. The upshot: if one can innovate rapidly and efficiently one can grow a business, and win market share— even in difficult times like these. We may have lost some players in this financial crisis, but we have not lost our ability to innovate."