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Innovation
Innovation and Labor Markets – An economic framework to evaluate the impact
This paper develops an economic framework to evaluate the impact of a technological innovation on labor demand and inequality, decomposing the effects into five channels that are quantified using data that corporations routinely collect in their accounting and financial planning and analysis departments: (i) the direct channel captures how the innovation changes factor inputs for … Continue reading
Diversity in Management – Innovation rises with it
BCG and the Technical University of Munich conducted an empirical analysis to understand the relationship between diversity in management (defined as all levels of management, not just executive management) and innovation. Although the research is concentrated in a particular geographic region, we believe that its insights apply globally. The following are the major findings: The … Continue reading
Innovation – Individual employees do not get the resources
While executive and management ranks clearly have the right tools at their disposal — encouragement, time, and resources — to do great work, individual employees seldom feel they do. “My supervisors do not seem receptive to new ideas and implementation,” one employee told us. Added another: “No matter what you do, [my boss] says it’s … Continue reading
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