How to Reinvent Your Company with Innovation Innovation is the soul of a company in business because it’s the only imperishable competitive advantage a company can ever have. We live in a world where every company is competing with others for customers. INTRODUCTION What is innovation Innovation is the discovery and invention of a great idea, an inception of something new or a distinctive solution to an existing problem. The birth of a company is an innovation in itself. Being able to innovate and come up with new ideas that will help your business succeed will give you something unique among others and this can impact the success or failure of an enterprise. Understanding the needs of company and employees Employees should always be treated with respect and dignity. Company leaders can help employees understand the company's vision, mission statement as well as their own role within those goals by providing them candid feedback on how they are doing in achieving that particular goal or objective set forth for themselves when joining the company How to implement innovation in your company Companies can innovate in several ways, such as by introducing new products or services; improving existing ones with features like increased efficiency at lower costs than expected revenue projections allow. There has been an increased focus on innovative marketing strategies over the past few years, with businesses investing large amounts into research and development in order to stay ahead of their competition. Collaborate with other companies ● Cycle through collaborations with different pairs and take the long view- just like the big firms do. ● Successful collaborations are able to rotate leadership of the project back and forth between two partners. Conclusion We have a new way of looking at the world. We see opportunities where others see limitations, and we find solutions to problems that nobody else even sees as challenges. Innovation is our lifeblood; it’s what defines us and inspires everything we do. Website - https://www.nextgeninnov8.com/ Email - info@nextgeninnov8.com THANK YOU