Business innovation benefits not only consumers but also business owners. Innovative ideas and strategies have proven, time and again, to be both socially inspiring and financially lucrative. Just look at two of America’s tech giants, Facebook and Apple, which have grown by leaps and bounds through innovation. While the benefits are there for everyone to see, there are many companies that have difficulty innovating. This is because business innovation has some challenges. Knowing these challenges can help businesses to develop innovative strategies and ideas that will not only boost their financial standing but also give them an edge over the competition.
To learn more, check out the infographic below created by Ohio University’s Online MBA program: