Business innovation simply is a company’s/organization’s process for introducing new ideas, methods, new computer systems, services or even products.
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It’s essentially a business’s creative side, business innovation should enable the achievement of an organizations goals with sights on achieving their core aims and initiatives.
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Once an entrepreneur has established a business, the focus dramatically shifts to its sustainability and the best way that this can be achieved is through organisational innovation often brought about through true business incubation.
Business info: Department for Business, Innovation & Skills – GOV.UK | Pansophia
We believe that business model innovation is on the critical path to transforming our important social systems including education, health care, and government. Tweaking our existing models and systems won’t work. We need to imagine, prototype, and test new models and systems in the real world.
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