Innovation
Innovation generally refers to changing or creating more effective processes, products and ideas, and can increase the likelihood of a business succeeding. Businesses that innovate create more efficient work processes and have better productivity and performance.
For businesses, this could mean implementing new ideas, creating dynamic and scalable products, or improving your existing services. Innovation can be a catalyst for the growth and success of your business, and help you adapt and grow in the marketplace.
Being innovative does not mean inventing;
innovation can mean changing your business model
and adapting to changes in your environment to
deliver better products or services. Successful
innovation should be an in-built part of your
business strategy, where you create a culture of
innovation and lead the way in innovative
thinking and creative problem solving.
Businesses that innovate create more efficient
work processes and have better productivity and
performance.
