When your company embraces innovation, it will also cut costs, your quality will improve, and it will be a safer work environment. One Keystone Decision (like embracing innovation as a corporate mandate) can affect every other part of your organization.
A commitment to Innovation can turn into all sorts of successes everywhere. That Keystone for Innovation is held up by all your other efforts, while providing stability for the corporate structure at the same time.
A company that focuses on innovation will…
- Be more profitable
- Have higher revenues
- Implement more cost saving measures
- Lead their marketplace with new products
- Break out of the pack from amongst their competitors by having the foresight to exploit their market intelligence by leveraging their technological know-how
- Use their domain knowledge in new ways to explore unknown market needs.
Those seem like pretty good, cost justified, reasons to invest a company’s money and culture in the practice of innovation pursuits.
Harold R. McAlindon said, ‘The world leaders in innovation and creativity will also be world leaders in everything else.’
Is your offering a new innovation? Take the Innovation Litmus Test so you can be more specific. Here’s a way to tell clients exactly what benefit your innovation brings to the market.
