Applying Innovation in Business: Top Tips for Success
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Loading... - Portia Dodoo
- 29 Sep 2022
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Innovation is a major driver of business success. It can help you create new products or services, enter new markets, and improve your bottom line. But how do you ensure that your innovation efforts are successful since innovation can be hard to quantify? There is no one-size-fits-all solution, but some key principles can help guide your innovation efforts.
Define what innovation means for your business
Before you start innovating, you need to first define what innovation means for your business. What are your goals and objectives? What are your priorities? What are your opportunities?
Once you have a clear understanding of your goals, you can start to identify opportunities for innovation. You need to create an environment that encourages and supports innovation. This means communicating your commitment to innovation to your team and empowering your employees to think creatively, take risks, and experiment.
Encourage creativity and out-of-the-box thinking
Innovation starts with creativity. Not every member of your team will be inherently creative. Distraction is one of the main hindrances to creativity. A report on workplace distraction found that 62% of the respondents spent an hour daily on non-job-related tasks on their phones. To reduce this, encourage your team to have brainstorming sessions in a place with no distractions so they can get their creative juices flowing. Also, don't be afraid to encourage unique ideas. Read More...
