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innovation

The process of translating an idea or invention into a good or service that creates value or for which customers will pay.

To be called an innovation, an idea must be replicable at an economical cost and must satisfy a specific need. Innovation involves deliberate application of information, imagination and ... more

Keeping an Eye on Your Competitors

It is said that "imitation is the sincerest form of flattery", but in the world of business, imitation is inevitable, and hardly flattering. For example, Apple's iPhone and iPad products have been ... Read Full Article

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Conservative Accounting Standards Still Exist

by Charles de Lardemelle

Believe it or not, there are still countries around the world where accounting standards are conservative. In the Anglo Saxon world we're used to seeing over stated earnings, but in places like South Korea, Japan, Germany and Switzerland, you can sometimes find earnings that are significantly understated. ...Read more

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