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The Middle Path to Innovation

Carolyn Doucette

An innovation crisis is brewing in the United States: Too many firms, both large and small, are failing to innovate. As a result, problems remain unsolved, technologies are never invented, and meaningful jobs go uncreated. According to one estimate, lost productivity cost the economy more than $10 trillion between 2006 and 2018, roughly equivalent to $95,000 per U.S. worker.

A version of this article appeared in the July–August 2024 issue of Harvard Business Review.

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