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Continuous innovation is one of the hardest tricks in business. Sustaining it over decades has proved impossible for all but a select few, such as 3M or W.L. Gore & Associates, the makers of Gore-Tex. One can’t just throw money and bodies at innovationâthere is no correlation between the size of a company’s R&D budget and its innovation rate. Most ideas are bad ones, so you have to entertain a lot of them to find the real gems. According to academic research, a company, on average, needs 3,000 ideas to get 300 of them formalized, 125 of them into small experimentation, 10 of them officially budgeted, 1.7 launchedâand one that makes money.
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Instead, by March 2007, the Department of Defense realized the plane may not be ready until 2015. Three years later in 2010, following more cost increases and production delays, it gave up on even guessing when the planes could be declared operational, according to 2012 numbers in the GAO report. The report says that the F-35 program seems to be recovering somewhat thanks to a more practical but more expensive restructuring plan, but said it “still faces considerable challenges and risks.”
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The drug is also being developed to improve exercise abilityin patients with pulmonary arterial hypertension. Pulmonaryarteries carry blood from the heart to the lungs. In patientswith PAH the arteries constrict, forcing the heart to workfaster and blood pressure within the lungs to rise.
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âMore broadly, the problem is as big as it is because China has this culture of, don't get involved in anyone else's business,â Custer says. âA lot of these kids who are kidnapped, are taken in places where there are people around. But people don't say anything.â
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The euro, meanwhile, gained against the U.S. dollar onTuesday on news of a surge in factory output in Britain andGermany, extending a string of recent upbeat data that perhapspoints to an early end to the euro zone's 18-month recession.