3 Reasons Companies Are Solving For The Wrong Opportunities

Jurate Gulbinas   |   12 Jan 2017   |   2 min read

Some people think you have to have new and big ideas for big growth and big change. Every year people debate what changes better or worse is ahead. We have an opportunity to reinvent existing things in America. We need to reinvent and grow those opportunities that are already there. America needs to become more tolerant of risk to get ahead.

Key Takeaways:

  • According to the author, the reasons for this problem are various – from growing “hurdles for transforming ideas into commercially successful products” to costly, complex and failure-prone advances in science, medicine and technology to an aversion to real trial and error to government regulation.
  • Whether you agree with some or all of these reasons, the author argues, one thing is certain:
  • America needs to become “more tolerant of risk to help overcome the hurdles to innovation” and “the pursuit of what’s next”

“As the new year approached, discussions with family and friends turned as usual to thoughts about the future. But of course 2016 was anything but usual.”

http://www.forbes.com/sites/glennllopis/2017/01/10/3-reasons-companies-are-solving-for-the-wrong-opportunities/

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Disclaimer:
This document is intended as an information source only. The comments and references to legislation and other sources in this publication do not constitute legal advice and should not be relied upon as such. You should seek advice from a professional adviser regarding the application of any of the comments in this document to your fact scenario. Information in this publication does not take into account any person’s personal objectives, needs or financial situations. Accordingly, you should consider the appropriateness of any information, having regard to your own objectives, financial situation and needs and seek professional advice before acting on it. CST Tax Advisors exclude all liability (including liability for negligence) in relation to your reliance in this publication.

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