I agree with that opinion “Some economists believe that once businesses dare to innovate, they will have more chances to succeed”. Because the development of the economy is very fast. Therefore, all businesses need to innovate and follow the trend.
In this day and age, the technology and economy are developing faster and faster every day. If you keep your old way or old device. Your business will be ancient soon. You need to explore and discover ways to upgrade your company and your product. Secondly, They want to see the new and more morden product, this is the reason why a lot of companies release any version of their product with advertisements like “New technology in our life”. According to Apple, they also update their product once a year, like in 2022 is the iPhone 13. People always focus on the new technology they bring for customers. That is the reason why Apple is very famous, they also know customer psychology and explore it every day. Thirdly, innovation helps businesses have more customers and more income. For example, In COVID19 people can’t get outside to buy the stuff that they need. Many companies innovate the business environment offline to online. People can buy what they need from your company on a website, and your company can sell the product. A lot of companies are successful like Shopee, Lazada, Tiki which are online companies.
In conclusion, business innovation is a process that requires the company to explore and discover ways to upgrade their product to suit customers and they will have more chances to succeed.
I
agree
with that opinion “
Some
economists believe that once
businesses
dare to innovate, they will have more chances to succeed”.
Because
the development of the economy is
very
fast
.
Therefore
, all
businesses
need
to innovate and follow the trend.
In this day and age, the technology and economy are developing faster and faster every day. If you
keep
your
old
way or
old
device. Your
business
will be ancient
soon
. You
need
to explore and discover ways to upgrade your
company
and your
product
.
Secondly
, They want to
see
the new and more
morden
product
, this is the reason why
a lot of
companies
release any version of their
product
with advertisements like “New technology in our life”. According to Apple, they
also
update their
product
once a year, like in 2022 is the iPhone 13.
People
always focus on the new technology they bring for
customers
.
That is
the reason why Apple is
very
famous
, they
also
know
customer
psychology and explore it every day.
Thirdly
, innovation
helps
businesses
have more
customers
and more income.
For example
, In
COVID19
people
can’t
get
outside to
buy
the stuff that they
need
.
Many
companies
innovate the
business
environment offline to online.
People
can
buy
what they
need
from your
company
on a website, and your
company
can sell the
product
.
A lot of
companies
are successful like
Shopee
,
Lazada
,
Tiki
which are online
companies
.
In conclusion
,
business
innovation is a process that requires the
company
to explore and discover ways to upgrade their
product
to suit
customers and
they will have more chances to succeed.