Here's how you can gauge the effect of innovation on your business.
Understanding the impact of innovation on your business is crucial for sustained growth and competitiveness. Innovation can be a game-changer, propelling your company forward, or it can be a costly misstep if not properly managed and measured. As you strive to innovate, it's important to assess how these changes affect your business operations, market position, and overall success. This article will guide you through the key indicators to monitor so that you can determine the true effect of innovation on your enterprise.