Collaboration is the key to innovation. When startups and corporations work together, they are each more likely to achieve optimal results.
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It is clear that businesses these days are opting to buy their innovation, instead of building it from scratch. It makes more sense for organizations to let others take the early risk and test out concepts in the market and come in after the business is proven and invest or acquire.
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Remember the financial crisis of 2007 and 2008? After the crash, the Financial Crisis Inquiry Commission had determined the entire recession was avoidable. It was caused by a lack of financial regulations and intelligent supervision.
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