Drive Business Success with a Proven Innovation Strategy: Best Practices
Introduction In today’s fast-paced and competitive business landscape, innovation is no longer a nicety, but a necessity. Companies that fail to innovate risk stagnation, losing market share, and eventually, extinction. According to a study by Harvard Business Review, 75% of the S&P 500 companies will be replaced in the next 10 years due to digital disruption. In contrast, companies that successfully innovate and adapt to changing market conditions can achieve remarkable success, with a study by McKinsey finding that innovative companies are 30% more likely to outperform their peers. ...