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Innovation in business - Coggle Diagram
Innovation in business
Why?
Maintain advantage
Need for novelty
USP
Be 'the' product
Progress
Keep relevant
Constant improvement
Financial Efficiency
Interdepartmental efficiencies
Environmental
How?
Study what others do
Input from members
Reward innovation
Core principle
What?
Improved ways of working
Improved products
Efficiency savings
Improved business functions
Financial
Workers
Marketing
Operations