Innovation is tough but necessary to respond to the complex challenges of business today

  • 📰 BusinessTechSA
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 61%

Business News News

Business Business Latest News,Business Business Headlines

Participating in the BCX Digital Innovation Index provides companies with a strategic advantage, offering insights into the challenges and opportunities in the South African business landscape in an annual benchmark report.

Many large established enterprises grapple with obstacles in pursuing innovation. Large organisations confront the dual challenge of maintaining consistent service delivery and operations while also preparing for the future through innovative practices.

While being nimble and agile allows start-up companies to quickly identify and act on opportunities, large incumbents operate from a sturdy yet slower foundation, navigating these dynamic times. They work within environments of legacy systems and processes that are not designed to accept failure. These conditions create a fertile ground for innovation, serving as both a catalyst for change and a pathway to addressing deep-rooted issues.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 24. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines