Secret to success: Fostering innovation
Abstract: One way to ensure a company’s sustained profitability and growth is to make innovation a priority. In an April 2017 survey, two-thirds of those business owners who experimented with new business practices to provide their customers with additional goods or services say they’re doing well. This article discusses how business owners can encourage innovation, including holding brainstorming sessions and working across departments. The article notes that these practices and others can ensure companies remain flexible and responsive to changing conditions and market demands.