In our last post, we discussed the difference between innovation and problem-solving and why striking a balance between these two processes is crucial to maintaining the position of a business in the market. However, in order to get ahead of the competition and make a mark in the industry, a business must be able to come up with new ideas to keep their operations, products and services fresh and unique –in other words, they must innovate.
Innovation
Is Innovation the New ‘Competitive Advantage?
At the World Economic Forum in Davos last week, the conversation revolved around innovation and volatility; amongst other pressing issues such as economic and gender inequality, sustainability, education and meaningful leadership.
Innovation versus Problem-Solving
Problem-solving and innovation are two essential business processes that we need to master in order to thrive and prosper in the face of the many and varied challenges that we face.
The trouble is that while both processes are necessary, if we spend too much time fixing problems around the place we leave too little time for thinking about how we are going to do things better in future.
