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Two Indicators: The economics of innovation

Planet Money

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Navigating Innovation: The Corporate Labyrinth

This chapter recounts the challenges faced by a chemist at Merck in the 1980s as he strives for innovation within a restrictive corporate framework. It contrasts the creative freedom found in startups with the stifling bureaucracy of large organizations, ultimately illustrating how corporate structures can hinder groundbreaking advancements. The narrative highlights the critical choice inventors must make between the security of established companies and the dynamic potential of smaller ventures.

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