encouragement of innovations needs adventurous business managers who can take the initiative, who has the vision, who can believe and appreciate the employees based on not only their productivity but their creativity as well and turn this creativity to productive products in the continuous improvement of the process and the value added process.
There is risk associated with the new innovation that it may mis-shot the financial objective particularly it needs potential investment but there is best practice ways to mitigate these risks without damping the new ideas all the time because of this risk fear.
remember always no risk no reward.
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