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Beyond that basic definition business innovation is a general concept that can apply to many different products services efforts and policies.
Definition innovation in business. In business innovation often results when ideas are applied by the company in order to further satisfy the needs and expectations of the customers. So sustained innovation means that you support innovation to thrive your present business. In the book we deal for example in the first case for sustained innovation we deal with bic which is a very known company. Ultimately the goal is to reinvigorate a business creating new value and boosting growth and or productivity.
Since this is a blog about innovation i thought it important for the first. What is business innovation. This can include improving existing methods or practices or starting from scratch. Business innovation is when an organisation introduces new processes services or products to affect positive change in their business.
In a social context innovation helps create new methods for alliance creation joint venturing. Innovation is one of the most bandied about terms in global business today but exactly what it means can be nebulous. Whereas on the other hand you also use innovation to get to different type of businesses. Business innovation is an organization s process for introducing new ideas workflows methodologies services or products.
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