There’s no magic formula for coming up with the next big thing, and there’s no shortage of people trying. Luckily, there doesn’t appear to be any shortage of demand for innovative ideas and products.

Having been around entrepreneurs, startups, and innovative companies my entire career, I’ve seen quite a few methods that seek to foster innovation. Here are eight “innovation catalysts” that really work:

Standing on the shoulders of giants. Innovators often elevate others’ ideas into products people can use.

Source: (MoneyWatch) COMMENTARY
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