Innovation is crucial to remaining competitive in today’s marketplace. Companies that continuously seek new ways of doing things in order to remain relevant and add value to both talent and customers can position themselves at the forefront of their industries, and even function as thought leaders for companies outside of their immediate fields of business.
Innovation requires flexibility and a willingness to try new things while always ensuring constant risk mitigation. What follows are the six essential components of innovation:
Innovation isn’t something that happens overnight, but by continuously striving to incorporate these six components, you can help make your company more innovative and globally competitive.
Find out more about innovation in my new paper, Propelling Innovation.
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