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Geoff Colvin: The Upside of the Downturn
Geoff Colvin: The Upside of the Downturn

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The business world - as it relates to strategy and human capital.

Innovating Before you need to

Tuesday, February 17, 2009

In today's economic situation it's difficult to find a story of success, especially one that involves innovation.

Companies are suddenly becoming more cautious about trying new things and innovating on their business models.

Perhaps there are still a few stories of business success out there. The most intriguing elements of these stories of success is they involve businesses that have displayed tremendous amounts of innovation. Innovation that has been engineered well before this current economic downturn.

One such example is Salesforce.com Inc. pursuing a unique business model of Software-as-a-Service that it developed in the years prior to this recent downturn. Challenging the way software is sold and operated was a bold move back then and it's paying big dividends today. Read more about Salesforce.com's success by clicking here.