Is innovation booming or dead?

At a Time/CNNMoney panel at the World Economic Forum, CEOs, including Bain's Orit Gadiesh, talk about the state of innovation in the global economy. Orit said, "Innovation is tough at the best of times. It's hard to measure, it's hard to get through, and at times like that many CEOs decide to cut innovation—exactly the opposite of what they should be doing."