The Gap In Innovation

These days, most organizations are living in the age of the “superstar firm.” Top players in their respective industries- Google, Samsung, BMW etc., are prospering, while economic growth remains slow in other firms around the world. The superstar firms are able to gain access to the most advanced technologies and allows them to gain a competitive advantage against their less productive competitors. With the rise in technology, the competition is getting fierce and in order to keep up organizations have to invest in R&D. At the same time, many firms are unable to keep up with the pace of developing technologies and innovation.

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