Meaning ● Innovation Enhancement, within the realm of Small and Medium-sized Businesses, signifies the structured process of improving the efficiency and effectiveness of existing innovation initiatives or introducing new methods to amplify innovation outcomes. This involves systematically evaluating current innovation activities, pinpointing areas for improvement, and implementing strategic changes to boost business growth. ● Automating repetitive innovation tasks through digital tools becomes crucial, alongside efficient implementation strategies. This strategic emphasis directly correlates with augmenting an SMB’s competitive advantage in the marketplace. ● Considering scalable strategies for Automation leads to higher return on investment when implementing new technologies for business processes.
