Innovation
Investing in Innovation
Constant innovation is important for business sustainability,
ensuring as it does, the continued relevancy of the
company to its customer’s needs.
Typical investments in innovation can go into following
areas:
A culture of innovation where the mindset of every employee
at every stage is to bring product / service / process
innovation
A culture which encourages even the smallest of innovation
Core R&D
Staying abreast with technological developments
Innovation labs to find consumer's / customers needs
Innovation labs to find solutions to customers’ business
problems
New service offerings that leverage new business models.
An eye on the competition and their innovative products
/ services / strategies
An eye on non competitive company's innovatiive products
/ services / strategies
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