What is innovation, and perhaps more importantly, how does it impact on the success of a business?
Innovation is a desire to make constant improvements to the way that you work and your offering as an organisation. Innovation can be a catalyst for growth and will set you apart from your competitors in the eyes of today's top candidates. So, innovation is great, or is it? There is little doubt that innovation is costly. It requires significant investment of time, resource and money. In an age of innovation, is it time for organisations to take a step back and assess results? If innovation is not adding real value to your organisation and clients, are you simply innovating for innovation's sake?
Technology will create vast and profound shifts, creating the best-ever canvas for business. Tolerance of waiting is already near-zero, same-day delivery is expected, but let’s stop thinking of technology as a trendy tattoo — a surface-level commitment best kept on a conspicuous but not often used part of the body. For all companies, innovation needs to be deeper. Not token gestures on the edge, but fundamental rewiring of business from the core. Let’s think of it as oxygen — essential to the beating heart of your business.