Businesses increase innovation spending in recession

SawyerEven as the United States faces the worst economic crisis since the Great Depression, businesses are spending more money on innovation, according to a recent Wall Street Journal report. Keith Sawyer, Ph.D., assistant professor of education and psychology in Arts & Sciences and one of the country’s leading experts on the science of creativity, says that investing in innovation is one of the best ways to beat the recession.

How to tell if a company has a high IQ

Joe Angeles/WUSTL PhotoThere are companies that, like people, are smarter than others. Literally. A business professor at Washington University in St. Louis has developed a way to measure a company’s IQ based on how effective it is at innovating. Using data from SEC filings, a professor at the Olin School of Business, computed the IQs of all the publicly traded US firms that engaged in R&D. More…