10 Worst Innovation Mistakes In A Recession.

We are probably already in a recession (or very close to it) and, in the past, CEOs made serious mistakes in trying to cope with a slowing economy. Here is a list of What Not To Do. All of them hurt innovation. Unless you really want to compete on price (remember, last week India launched its $2,500 Nano car), the ability to do sustained innovation is the one competitive edge left. Innovation is the driver of performance, growth and stock market valuation.

Here are the 10 worst mistakes you can make in a recession that will hurt innovation: 1) Fire talent. Because of America’s accounting laws, investments in talent are expensed, not capitalized, so cutting back on people, especially really smart, high-priced people, is a quick