Fostering Innovation Through Human Resources: Lessons from Practice

This statement from an executive at Britain’s National Westminster Bank underlines the volatility of today’s markets in the financial sector. Such rapid change is not confined to this one area, though the pace of change varies from industry to industry. If the automobile industry had undergone the same rate of technological change as in electronics, when we would now be able to buy a Rolls Royce for £1, run it for 50,000 miles on a gallon of petrol, and pay annual maintenance costs of less than £10.