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| Innovation a key to successful business By: GARY KNIGHT - For the North County Times In 2003 the San Diego North Economic Development Council enlisted the aid of a Senior Experience Team from the College of Business Administration at Cal State San Marcos to conduct a survey on what makes North County unique from a business prospective. The results showed that our region had a higher percentage of companies that relied on creativity and innovation to "drive" their business than other parts of the county. With a large majority of the businesses in North County made up of five employees or fewer, the ability to bring products and service to market faster and at a lower cost are essential to their survival. In a workshop that council hosted last week with Andrew Papageorge, the founder and president of GoInnovate!, shared that "all innovation is a constant process of discovery and creating value by generating fresh ideas about business, people and their environment. These ideas, when followed by action, provide greater capabilities, which impact business results and produce a positive return on investment." Without innovation most companies will eventually fail and disappear from the business landscape, as noted when comparing companies listed on the top 500 list 10 years ago as compared today. |
San Diego North EDC info@sandiegonorthedc.org |
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