Summary
The Welsh economy is failing to maximise its full commercial potential because of a lack of emphasis on innovation, research published today claims. The report, Building the Dragon Economy - Innovation in Wales, compiled by accountancy firm PricewaterhouseCoopers in collaboration with CBI Wales, shows that fewer than half of the 737 business surveyed, just 321, have introduced new products or services over the past three years.
And the research, the most in-depth ever undertaken into innovation and its impact on economic growth in Wales, also highlights the problem of a 'disconnection' between creativity in businesses and the subsequent managed commercialisation of new products and services.See the full content of this document
Extract
Lack of Ideas Holding Us Back
However, those minority companies in Wales which have adopted formal structures to innovation are statistically more likely to produce better financial results than...
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