Managing innovation pressure effectively involves several strategies:
Investing in Research and Development (R&D): Allocating resources to explore new technologies and solutions. Collaborating with Stakeholders: Partnering with customers, suppliers, and other stakeholders to co-create value. Agile Methodologies: Implementing agile processes to quickly adapt to changes and deliver incremental improvements. Employee Training: Continuously upskilling employees to keep pace with technological advancements. Open Innovation: Leveraging external ideas and innovations through partnerships and collaborations.