Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Describe the innovations that a company is known for and demonstrates within the workplace.
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Introduction
The process of introducing something new in the workplace is known as innovation. The process of innovation starts from an idea or view of doing something new in the organization & ends with the transformation of that idea into the finished product or services or implementation of that idea into the process. Innovation plays an important and vital role in an organization because it helps an organization to stay and grow in a competitive environment for a longer period of time. It provides opportunities to the companies for conducting their business in rich and developed countries also.
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