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Post by parvej64 on Nov 4, 2023 6:30:55 GMT
Polish SMEs have low awareness of innovation and use financial opportunities for development and investment in innovation much less frequently than their European competitors. The most frequently implemented innovations Most innovation implementations in concerned business processes. This also includes relatively low-cost activities related to the purchase of software for managing sales processes or teams. Half of the surveyed innovative companies indicated the purchase of software, and slightly fewer. Indicated fixed assets, such as: machinery and technical equipment, means of transport, tools, instruments, movable property and equipment (excluding R&D funds). . What are the benefits of investing in innovation? Competitive advantage Investing in innovations can lead to the creation of new products or services that stand out from the competition. Thanks photo retouching to this, the company can gain a competitive advantage, thereby increasing profits and market share. Improving the efficiency of production processes The introduction of new innovative technological solutions can contribute to improving processes, including: increase precision, speed up production and reduce its costs. Improving the brand image A company that chooses innovative solutions can gain a reputation as a brand that is up to date with new trends and technologies. Long-term stability Investing in innovation is a key strategy that allows a company to achieve a competitive advantage in the long term. By implementing new products and services, the company can respond more efficiently to the changing needs and expectations of customers, which consequently affects the maintenance of long-term stability and determines the achievement of success on the market.
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