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Innovation At Telecom And High Tech Firms Being Jeopardized: Accenture Study

Seven out of 10 telecommunications carriers, high tech companies and media firms stopped new product development projects last year due to budget over-runs, rising costs and a shortage of expertise, a...


March 1, 2009  


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Seven out of 10 telecommunications carriers, high tech companies and media firms stopped new product development projects last year due to budget over-runs, rising costs and a shortage of expertise, according to findings of an Accenture study released at the GSMA Mobile World Congress in Barcelona, Spain.

Accenture queried more than 270 senior executives involved with product development at major companies in Europe and North America to find out if their pace of development has slowed, despite the need for these companies to introduce new, innovative products and services in an increasingly competitive market.