Innovation predicts higher profits and stock returns
A large-scale study of the link between innovation and financial performance in Australian companies has found more innovative companies post higher future profits and stock returns.
A large-scale study of the link between innovation and financial performance in Australian companies has found more innovative companies post higher future profits and stock returns.
Economics & Business
Feb 17, 2021
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A recent study published in Marketing Letters by University of Alabama at Birmingham Collat School of Business Assistant Professor Yufei Zhang, Ph.D., examines how outside innovations can enhance firm performance.
Economics & Business
Feb 11, 2021
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Wits geophysicists have invented cost-effective and environmentally friendly seismic technologies that will contribute to sustainable mining exploration.
Earth Sciences
Jan 28, 2021
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Science is society's best method for understanding the world. Yet many scientists are unhappy with the way it works, and there are growing concerns that there is something "broken" in current scientific practice. Many of ...
Social Sciences
Jan 28, 2021
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Grand societal challenges call for more integrated, complex solutions that transcend national and sectoral boundaries, making the related innovation processes increasingly complex. Yet, establishing and managing a functional ...
Social Sciences
Jan 19, 2021
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It's hard to imagine navigating modern life without a mobile phone in hand. Computers, tablets and smartphones have transformed how we communicate, work, learn, share news and entertain ourselves. They became even more essential ...
Environment
Jan 11, 2021
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In a money-saving revelation for organizations inclined to invest in specialized information technology to support the process of idea generation, new research suggests that even non-specialized, everyday organizational IT ...
Economics & Business
Jan 07, 2021
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The Earth is populated by an increasing number of people who demand more and more products, which is simply not viable in the long run. Our planet does not have unlimited resources. Emissions are harming the environment ...
Economics & Business
Jan 06, 2021
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Innovation is key to corporations' success, allowing companies to identify and respond to new market opportunities. In a new analysis, researchers from North Carolina State University compared companies ranked among the world's ...
Economics & Business
Dec 23, 2020
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Company reporting frequency should be relaxed to allow for greater innovation and longer-term thinking, according to new research from the Business School (formerly Cass).
Economics & Business
Dec 03, 2020
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The term innovation refers to a new way of doing something. It may refer to incremental, radical, and revolutionary changes in thinking, products, processes, or organizations. A distinction is typically made between invention, an idea made manifest, and innovation, ideas applied successfully. (Mckeown 2008) In many fields, something new must be substantially different to be innovative, not an insignificant change, e.g., in the arts, economics, business and government policy. In economics the change must increase value, customer value, or producer value. The goal of innovation is positive change, to make someone or something better. Innovation leading to increased productivity is the fundamental source of increasing wealth in an economy.
Innovation is an important topic in the study of economics, business, design, technology, sociology, and engineering. Colloquially, the word "innovation" is often synonymous with the output of the process. However, economists tend to focus on the process itself, from the origination of an idea to its transformation into something useful, to its implementation; and on the system within which the process of innovation unfolds. Since innovation is also considered a major driver of the economy, especially when it leads to increasing productivity, the factors that lead to innovation are also considered to be critical to policy makers.
Those who are directly responsible for application of the innovation are often called pioneers in their field, whether they are individuals or organisations.
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