Innovation Can’t Thrive Without These Fundamentals in Place
Sound business systems precede innovation.
Before innovation can be a catalyst to business growth strong business practices must exist.
Innovation, the process by which an idea or invention is translated into a good or service, is a critical component of growth in many businesses. Innovation relies on creativity, exploration and freedom. Frequently these characteristics are regarded as the opposite of discipline, control and structured process. However, without strong business practices that recognize and nurture advancement in good business systems, innovative practices are unlikely to make it to commercialization.