In Singapore, they are 1.3 times more likely to accelerate their innovation during a recession than Innovation Followers and Laggards (who are more likely to decelerate). This “innovation resilience” (which is the determination and ability to innovate during tough times) is credited as part of the reason why Innovation Leaders and Adopters are more likely to experience high levels of revenue growth (15%+ expected annual revenue growth in 2022) than Innovation Laggards and Followers.
The Dell Technologies Innovation Index reveals that only 14% of Singapore organisations can be defined as “Innovation Leaders and Adopters”.
These companies have an end-to-end innovation strategy and are well placed to navigate headwinds coming from a global recession, supply chain issues, environmental impacts and more, and continue to grow.
