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Crucially, innovation isn’t limited to productdevelopment; it can also involve reinventing business processes, revamping organizational structures, or even reshaping corporate culture. For organizations, understanding what business innovation entails is the first step toward achieving long-term success and resilience.
While they don’t have the same resources as large corporations, SMEs can potentially be quite innovative. Together with a financial audit and analysis of market position with PESTLED360, a software-based analysis tool. The project included: A complete 360 digital analysis and assessment, including market position and financials.
Suppose we switch our focus and understand the value of building the capability and culture to deliver genuinely innovative solutions. In that case, we shift to a focus on fostering a culture where the seeds of originality are sown in every department, ranging from productdevelopment to HR, finance, and sales.
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