Welcome to InnovationWorksInnovation is about applying new ideas in every area of your business to make it more successful. It is a call to think and act differently - it is about generating ideas and putting those ideas into action. Innovation has a significant impact on a business. For example: New companies continuing to innovate after the first 2 years have average turnovers three times higher than others. Innovative companies who recognise the importance of their staff realise 2.5 more sales per employee and 1% more profitability per employee.Innovative businesses can expect to show a 20% improvement across all business areas. Innovative businesses are 40 % more productive. (Source: Work Foundation Statistics)Innovation can take place in any company, large or small, in any business sector, by any member of staff. It can be applied to any area of your business: People - getting the best contribution from everyone by encouraging, rewarding and enabling them to think and act innovatively to achieve business objectives. Products and Services - developing new products and services and improving existing ones, so that you can respond effectively to ever changing customer needs. Process - changing the way you do things in order to increase efficiency and raise productivity Marketplaces - finding and addressing new marketplaces to grow and sustain a business. Marketing - presenting your products and services in more innovative ways and focusing on identifying and satisfying the needs of more customers.
Find out how organisations like yours are creating success by being more innovative.Click here for more about innovative businesses in Wales.
Find out how your business could benefit from innovation: Down load the InnovationWorks introductory leaflet .pdf file - click here. Start being more successful with innovation NOW - get a copy of our FREE InnovationWorks Guide. Click here to request our FREE InnovationWorks guide.
You can ask questions about how innovation can help your business by completing our 'Contact us' e-mail form: Click here to contact us.
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