Adaptation and Innovation
By Tim Moore 4x Entrepreneur and Partner
If you're a new company, you're falling into 1 of 2 categories.
For the sake of this post, we're going to talk about innovators.
How do we innovate? Typically we do it either by adapting a product or a process.
Product innovation typically involves the adaptation and/or redesign of an existing product. Whereas process innovation, involves finding new ways to do things by either creating or removing a procedure. Both of these examples can be beneficial for your bottom line and help differentiate you from your competition.
When looking at your product, what are you doing; improving a product or a process?