The world is changing and very rapidly, too. Organizations must, therefore, act on the opportunities and possibilities for change through innovation. Those that do will not only survive in the uncertain business environment, but will also have the advantage in their industry. Here’s why:
1. You stand out from competitors: The right innovation will allow you offer something unique
to your customers. That’s how some of the best brands have been built, they create innovations that build loyalty with their customer base.
2. Match customer expectations: Customer needs are constantly changing. One day, your customers might need exactly what you have to offer and the next day, they might need something else. Innovators try to predict changes and provide solutions before people even realize that they need them.
3. You attract the best talent: Talented, innovative people want to work for innovative companies. You aren't going to attract someone who is going to create the next big thing unless your company has a history of creating.
4. Company growth: Innovation makes it easier to grow the size of your business. You might have a small startup, but if you innovate, you can grow your business to its full potential.
Lastly, always bear in mind that innovation is part creativity, part execution. Speaking of creativity, we have a whooping 1 Million Naira opportunity for 3 lucky young entrepreneurs skilled at Makeup, Hairdressing or Fashion accessories! Are you the one we are looking for? Participate in the #FlexxYourCreativity contest for an opportunity to take your business to the next level. Register here