How To Leverage Business Innovation

Table of contents:

How To Leverage Business Innovation
How To Leverage Business Innovation

Video: How To Leverage Business Innovation

Video: How To Leverage Business Innovation
Video: Webcast: Leveraging Business Model Innovation for Resilience 2024, December
Anonim

To remain competitive, a business must constantly evolve. In particular, the attraction of various innovative technologies that increase the efficiency of work will contribute to both improving the quality of the goods and services produced and making them cheaper.

How to Leverage Business Innovation
How to Leverage Business Innovation

Instructions

Step 1

Consider what processes in your business can be improved, reorganized, made more technological. These can be directly production processes, logistics, sales, personnel management. In these areas, you will be able to apply innovative technologies.

Step 2

Explore a variety of new technologies that your business might benefit from. You can find an offer of such techniques at various professional exhibitions. For example, there you can meet manufacturers of new, more suitable machine tools for your production. Also, innovative technologies, especially in the field of informatics, are developing in the so-called technoparks - special business incubators that allow scientists and engineers to organize their small high-tech business. For example, one of such technoparks exists in the Novosibirsk Academgorodok. On his website you can find a list of companies located there and the services they provide -

Step 3

When you find a technology that interests you, discuss with the vendor the possibility of implementing it in your organization. Be prepared for this to be a significant investment, as new technology may need to be improved and modified as it is used.

Step 4

After embedding new technology into the system of your enterprise or organization, set a certain control period for which the method should show its effectiveness. If possible, deploy it in test mode. For example, it is better to install innovative software not on all computers of the company at once, but only on those selected for testing.

Step 5

In the event that the technology is recognized as fulfilling its tasks, make it a full-fledged part of the workflow. Truly new developments will give you the opportunity to stay ahead of the competition and recoup the costs incurred while debugging their work.

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