The innovation imperative
13 September 2012
While innovating can bring huge profits for businesses, it can mean life or death in the defence sector. Alexis Brooks explores the mechanics of putting new ideas into practice
New product development and innovation are increasingly important to strategic purchasing - and purchasers - in the private and public sectors. Generally speaking, innovation encompasses the creation of something entirely new, a refinement of what has been developed before, or a diffusion or adoption of a previous innovation into different circumstances.
The...