7 ways to spend your way to better innovation

08/7/2010 | Inc. online (free registration)

Good innovation needs to be underpinned by a solid business investment strategy, and that means doing your homework, setting the correct goals and assigning the correct resources to achieve them. "You have to build the capability to be innovative," says business professor Michael Hitt. "Whatever is required in your particular industry or for your particular firm to be innovative, you have to invest in it and build it."

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