The Price of Innovation

The Price of Innovation

Private-sector R&D spending has picked up, spark­ing hopes that this activity will help invigorate the econ­o­my.

A closer look reveals, however, that today's private-sector R&D spending isn't of the variety that truly boosts innovation ("basic research"). Instead, private companies are spending most of their R&D doll­ars on development—spurred, in part, by vocal acti­vist investors who are focused on short-term returns. This has left funding for basic research largely in the hands of the federal government. Until the private and public sectors join forces to fund the kind of visionary R&D spending that has fallen by the wayside, it's unlikely that heightened spending alone will provide an economic boost.

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The Great Productivity Slowdown: Fact or Fiction?

The Great Productivity Slowdown: Fact or Fiction?

How is it possible that American productivity growth continues to slide even as new technology revolutionizes the way we do business? That is the question at the heart of a March Brookings Institution report, which serves as the latest chapter in a long-running debate.

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The Great Productivity Slowdown: Fact or Fiction?

The Size of Job & the Measure of Risk We Take

The Size of Job & the Measure of Risk We Take (from Horton Future Forum)

Dr. Thomas Schliefer, construction turn-around expert and professor at Arizona State University, presented to a large group at a Horton Future Forum event specifically for the construction industry. His presentation “The Contractor of the Future” centered around the idea that now is the time to rebuild construction businesses to be in a position to turn overhead on and off to quickly adapt to market cycles so that contractors can remain profitable at any volume.

Watch Dr. Schliefer explain how the quest for volume leads contractors to take risks that they typically would not take if they stay committed to the work that has proven profitable time and time again.