boxst

Just something that I was talking to someone about the other day. I think that a recession is good for inventive ideas, ways to use existing things in different ways but extremely bad for any kind of technological innovation.

Any thoughts?

Steve

darts_aint_sport

I don't see the difference, you can still make a killing with technological innovation in a recession, if you can do the same as a competitor but for cheaper, maybe less bells and whistles, you'll make money. Or as you say, inventive ideas using existing technology. For example, I bet sites like eBay make a killing during this time..!

Spooky Mulder

I think recession is good for innovation and inventiveness.

I used to work for a company that had little accountability and a lot of cash - they spent lots of cash on great cerebral ideas - most of it wasted.

In another company with little cash they made these ideas really work in very innovative and focused ways.

SJ_Skyline

Certainly good for innovation, lots of business process analysis and re-engineering work going on to streamline companies, helping them cut costs and improve margins.

Remember PWC's strapline: Consultancy - if you're not part of the solution, there's good money to be made prolonging the problem