Launching innovations during economic slowdown
Mark Gillespie, Marcin Penconek
As innovation is the engine of growth, it is important to continuously invest. But during challenging economic times, we face difficult decisions as manufacturers: Should we continue to invest in innovationor save money? Should we cut production costs? Reduce the advertising budget? To answer thesequestions, we studied recessionary times in a variety of markets over the past 30 years.
Launching innovations during economic slowdown
Mark GillespieThe Nielsen BASES, United Kingdom
Marcin PenconekThe Nielsen BASES, Poland
INTRODUCTION: THE CURRENT ECONOMIC SLOWDOWN IS IMPACTING CONSUMERS' ATTITUDES AND BEHAVIOR1
Consumers around the world...