Small to Medium Enterprises (SMEs) are still failing to innovate, and those that don’t keep up with the creative and innovative pace will inevitably fall behind.The intense competition that SMEs face requires them to reconsider their competitive positions and embrace innovation to enhance business competitiveness.
Typically, cost-cutting is an expression that frightens employees. It often suggests salary reductions, job cuts and increased individual workload. When introduced in your innovation agenda, you should thus ensure that both real needs and strategy are understood across the organisation, consistently framing any cost-cutting goals.
We will not insult you by lecturing on the importance of having people and capital to run an innovation program. This is obvious and we’re sure you’re taking care of that. What sometimes is not […]