Meaning ● Innovation Portfolio Diversity, in the context of SMB growth, represents the strategic allocation of resources across a range of innovation initiatives. It’s crucial for SMBs embracing automation and implementation to mitigate risks, explore varied opportunities, and enhance adaptability. This involves balancing incremental improvements with potentially disruptive innovations. A diverse portfolio ensures resilience against market shifts and technological advancements. Diversification means distributing investment in a range of innovative SMB strategies across different product lines, services, technologies, and markets that are being offered or could be offered in the future. Thoughtful allocation minimizes the risk of obsolescence.
