WHY SMALL ENTERPRISES ARE ABLE TO TAKE ON INNOVATIONS THAN BIGGER ENTERPRISES

WHY SMALL ENTERPRISES ARE ABLE TO TAKE ON INNOVATIONS THAN BIGGER ENTERPRISES

Innovation means to make something new, or to do things in a new order. Small businesses are therefore able to adopt innovations than bigger businesses because of the following:




  1. Most small business owners are willing to try new approaches to make their businesses more successful than bigger ones.
  2. Small businesses understand customer’s need, hence they are able to identify new opportunities and fix problems quickly and efficiently than bigger enterprises.
  3. Small businesses can quickly implement new business practices and adapt to changing market conditions than bigger business that take procedures.
  4. Many small business experiment every idea and they accept new innovations.
  5. Small businesses strongly rely on social networks to share information needed for innovative thinking. e.g. friends relatives etc

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mwaikusa

IAM experienced geography teacher with more than three years of teaching and creating content related to geography and other subjects for both high school and college students. hope you will find the content of this website useful to your studies and daily life

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