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- Is Your Innovation Engine Running on Empty? in
Marketing: CPG on
12/23/2015
Far from firing on all cylinders, most consumer packaged goods innovation engines are sputtering. Successful innovation turns new ideas into measurable value creation opportunities for both companies and their customers. Yet only 26% of CPG companies believe that their innovation efforts deliver sustainable competitive advantage. Despite high levels of R&D investment - home and personal care companies, for example, typically spend as much as 2.3% of revenues on R&D - significant revenue growth from innovation remains elusive.
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