strategic opportunities

What Role Does Innovation Play in Strategic Opportunities?

Innovation is a key driver of strategic opportunities. It involves:
1. Product and Service Development: Creating new or improved products/services that meet emerging customer needs.
2. Process Improvement: Streamlining operations to enhance efficiency and reduce costs.
3. Business Model Innovation: Exploring new business models that can disrupt the market and provide a competitive edge.
4. Technological Adoption: Leveraging new technologies to improve capabilities and performance.

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