Global Small Businesses Drive Innovation

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Due to technological advancements, larger and less agile companies are finding it more difficult to stay ahead of the curve and avoid losing market share to the new encroaching global small businesses.

This has led some smart global giants to rethink their innovation strategy.

Whereas in recent years, industry incumbents viewed growing [global] small businesses and startups as competition to be quashed, the mindset is quickly shifting to embrace these new companies as an opportunity to evolve, grow and fill in the gaps from their own R&D departments.

Here's what needs to happen next.