Don't Just Survive--Thrive

Don't Just Survive--Thrive: Leading Innovation in Good Times and Bad
Academic research:
For over a decade, money from around the world poured into the United States seeking innovation. Despite these massive investments, when adjusted for inflation, U.S. GDP grew slowly with much of the growth coming from government, professional, and business services, including real estate and outsourcing. What's more, inflation adjusted wages stalled for many, even as consumer spending increased. This paper argues that innovation is not a side business to a real business: rather, innovation is the foundation of a successful business.
From Harvard Business School

Prospect theory, risk and innovation

Prospect theory provides an intriguing framework for understanding how executives perceive risk and innovation opportunities, according to Jeffrey Baumgartner.
From Innovation Tools.

No Money? No Problem. Low Cost Innovation

This blog post from Kathy Harris includes a list of functional areas and a list of actions and options to start low cost innovation. If your organization design doesn't match your current business objectives, you have an innovation opportunity.

Smart Innovations During Downturn

Smart innovations from Wal-Mart and P&G draw cost-conscious consumers. From BusinessWeek.