The role of innovation in business growth.

[jetsaints30]

What are some examples of businesses that have successfully implemented innovative strategies to grow?

 

[Starmix]

It depends onba particular business needing innovation Usually only smaller businesses apply innovation regularly to avoid failure in business.

 

[Shavkat]

The best course of action of every company is to conduct feasibility study regularly. In this way, they can able to do the innovation part for their respective companies. It can be done by the marketing department.

 

[SHAHID987]

Innovation plays very important role in growth if any business, I tried it many times and always get good result. In start I simply tried to sell small solar panel but didnot get success then I introduced an innovative idea to show a fan running by it, passing by customers when look at that they attracted towards the shop.

 

[cherry123]

A business that the owner thinks it should be progressive would adopt the right strategies to use. it is the method used that will make the business patronised more by customers

 

[Starmix]

The best course of action of every company is to conduct feasibility study regularly. In this way, they can able to do the innovation part for their respective companies. It can be done by the marketing department.

It's not only to do feasibility all the time, the best way is to do inventory, debit credit, assessment data, reduction of expenditures, and constant review of plotted planning short or long term.

 

[Heatman]

What are some examples of businesses that have successfully implemented innovative strategies to grow?

This will help you stay ahead of what competitors will be doing in the markets which is going to increase your chances of having more customers buying your products and services.

 

[Springtime]

Businesses need to come up with innovative marketing campaigns to boost sales and grow their business. They may organize contests; participate in community events; invite influencers/celebrities to promote their products/service; and offer freebies to loyal customers.

 

[Bisolami]

It depends onba particular business needing innovation Usually only smaller businesses apply innovation regularly to avoid failure in business.

Every kind of business needs a form of innovation and it takes a creative person to be innovative in his business

 

[uptrendfinancialsignal]

Creativity is a very important thing that is needed for business growth.

 

[Bisolami]

Creativity is a very important thing that is needed for business growth.

You have to be very creative because you did not expect yourself to just continue to run the business in one way

 

[Reedex]

Innovation is a very important thing that will help the business to grow very quickly.

 

[IB D]

One of the businesses that I know that has grown purely by and patronize innovation is google. Tuus business that started just asna Search engine has branched out into several aspects of the tech eco system and has become a leader in the industry.

 

[cherry123]

Innovation needs creativity. You have to be very creative to lure more people to a business because it is not good to just run the business in a specific way

 

[Heatman]

A business that the owner thinks it should be progressive would adopt the right strategies to use. it is the method used that will make the business patronised more by customers

Being innovative with your business is something that is very important because that is one of the ways that you can ensure the survival of your business for a very long time.

 

[Niyi Briggs]

Innovation is the key that drives improvement in business. Innovation is simply thinking outside the box and when one does innovate, it would lead to better products which can drive patronage to the business.

 

[eldavis]

Bringing new ideas is also another way for companies to be innovative. This is why innovation is extremely important for every business. To remain at the top, you need to be creative.

 

[Etini Willie]

Innovation is the factor that would make a business to give customers better products which increases their revenue.

 

[nomad]

We can see how Apple and Samsung have managed to grow with innovation but sadly not all business needs to be innovative.