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It may sound like yet another corporate buzzword but there are many reasons for encouraging innovation in your organisation. Read on to learn more about the importance of innovation in business and eight practices to help you promote it in your workplace.

If you spend enough time in the business world, you’re sure to hear the word ‘innovation’ thrown around quite a bit.

Most businesses start and grow because of some form of innovation. Others business innovation examples include new ideas that completely change the world, like the iPhone or Facebook.

How do you innovate your business model? This is a question most start-ups and small businesses ask.

Innovation isn’t just a trendy buzzword.

Some industries are in the midst of ongoing radical change, while in others, change is incremental. Regardless of its pace, change is inevitable. To keep up, businesses need to be willing to adapt and innovate – or risk falling behind.

With the sudden market downturn caused by COVID-19, the resilience of Australian businesses is being put to the test. So how well are our nation’s small businesses coping? From moving operations online to personalised home delivery, here are some inspiring examples of Australian businesses finding new ways to serve their customers and support their communities.

Recent times have seen businesses large and small flexing their innovation muscles like never before – from shops shifting their stock online to service providers offering virtual sessions on everything from home renovations to medical check-ups.

Truly competent and inspiring leaders steer teams toward success, encourage innovation, and enhance productivity.