Prioritise innovation in your business to boost your business growth, productivity and profitability.

Here are some tips to make sure your workplace is innovative.

Accept failure
Failure is an integral part of the innovation process. New ideas must be tested, and disappointing results can be used to make improvements. Encourage your employees to pursue leads and clarify that failure is ok so long as it is productive in developing their thinking.

Foster talent
Recruiting team members with high potential and fostering their talent through training and internships will pay you back in the long run. A fresh perspective from the best and brightest will boost your innovation.

Research your market
Staying on top of the latest trends and innovative strategies in the market may give you the direction or field you should be developing. Changes in your target market, their expectations and needs should be monitored so your business can react quickly.