Innovative ideas and strategies have proven, time and again, to be socially inspiring and financially lucrative. Facebook and Apple are both prime examples of stellar growth through innovation.
While the benefits are there for everyone to see, there are many companies that have difficulty innovating. Understanding the challenges of innovation [from embracing experimentation to reframing failure] is the first step in using innovation to boost financial success and sharpen your competitive edge.
This neat infographic [courtesy of Ohio University’s online MBA programme] is a brilliant intro to the benefits and challenges of innovation.