The Opportunity Cost Of Not Innovating

The Opportunity Cost Of Not Innovating

By Discovery Lean Six Sigma

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The Opportunity Cost Of Not Innovating

It seems to be ingrained in businesses to ask, “what’s the cost?” when considering a new innovation, but rarely do they ask, “what’s the size of the opportunity we miss if we don’t do this?”.   Business history is unfortunately plagued with examples of companies that have paid a high price for not innovating. Such ...



Original: http://innovationexcellence.com/blog/2018/04/28/the-opportunity-cost-of-not-innovating/
By: Shelly Greenway
Posted: April 28, 2018, 12:00 pm

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