Meaning ● Strategic Innovation Management, in the realm of SMBs, involves the systematic creation and implementation of novel business strategies to fuel growth, leveraging automation to streamline processes and achieve a competitive edge. ● This is about SMBs proactively identifying opportunities for innovative solutions that directly impact their operational efficiency and market position. ● Furthermore, successful implementation necessitates careful planning, resource allocation, and a company-wide commitment to adapt and evolve, ensuring that innovative strategies align with overall business objectives. It is the intersection of forward-thinking strategy and tactical execution, tailored specifically for the agility and resource constraints typical of small and medium-sized enterprises. ● Focusing on automating repeatable task to free time up for Strategic Innovation Management activity, and implementing strategy requires clear direction, process and focus from entire SMB ecosystem and resources, maximizing speed to market and increasing efficiency. ● Through proper planning SMBs can benefit greatly from automation and have an advantage in the market.
