Innovation and Invention in Businesses

[Joseph555]

purpose to which it's considered as it goals. the primary goals of every business is to makes profit and you can not makes profit without making new customers. so to me, is better inventing.

 

[Shigobad20201]

Innovation is the act of bringing new ideas to back up and manage your current business well while invention is the creation of new business thats different from the one you have before .

 

[Ayojesu]

innovation and invention make the business grow because all the new resources needed to grow, expand and publicize our business are through high grade technological inventions

 

[Ronny_4son]

Which do you think would be better for an established company or a new company to do to get more clientele, innovating new ways in how their products can be used, or inventing something new that could potentially draw more customers?

Innovation and invention are both important for a business. Invention involves creating something that is completely new, while innovation involves making improvements to existing products, processes or services. Both invention and innovation can help businesses to stay competitive and develop new products and serviced that meet customer needs. Innovation can be faster and easier to implement, while invention can result in more radical and transformative changes

 

[Shigobad20201]

Invention of new product is whats the best for a new company or establishment, buf for an existing business , they can innovates new ideas to compliment their old products.
QUOTE="Joshua Farrell, post: 673259, member: 943"]
Which do you think would be better for an established company or a new company to do to get more clientele, innovating new ways in how their products can be used, or inventing something new that could potentially draw more customers?
[/QUOTE

 

[Danny4cash]

Business innovation means bringing new business to the table in order make the customer stays and also it can be repackaging or restructuring your former business and giving it a new life .

Yes, innovation means presenting your product in new way so as to stay relevant in the market. This is very important to retain customers and stay relevant in the market.

 

[Good-Person]

Yes, innovation means presenting your product in new way so as to stay relevant in the market. This is very important to retain customers and stay relevant in the market.

I think that innovation in business means that you must make sure that you tend to stay updated and use technology always in order to promote your business all the time.