Five common things slow down small and medium-sized businesses (SMBs), including weak online presence, lack of short-term goals, maintaining cash flow, a diverse client base, and huge overhead.
Graduate student Janette Douglas invented five unique aquarium concepts using the corporate innovation method S.I.T, including plant-only tanks and self-regulating temperature.
What is the best proportion of your innovation budget to spend on improving your existing business, exploring and transforming your business? A research report by Innovation Leader and KPMG found that the average ratio is 49-28-23%, with variation by industry.
