One way to kill your business is to stop innovating. It’s important for business leaders to continue looking for ways to improve their processes, products and, if needed, their business model. Business leaders must:
- not be afraid to let go of the old ways of doing things for a new and better approach.
- know that short term gains – profits, revenue – must be balanced with a long term approach to planning and strategy, if innovation is to be promoted;
- make innovation an integral part of their organizational culture;
- walk the talk when it comes to innovation.
Let’s Innovate!