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The three basic skills behind innovation.
At Lovetts we can provide businesses in the Hatfield area with support and advice on a wide range of business issues. Here are some thoughts on business innovation...
It is often said that the driving force behind continuous improvement in a business is innovation.
Innovation requires three basic skills:
One of the most significant trends to emerge in the marketplace in recent years is that of increased time pressures combining with greater spending power among the working population. In other words, people are increasingly cash-rich, but time-poor.
Here are some examples of the way the retail sector has adapted to meet these new needs:
It is not difficult to see how these principles can be applied to other sectors - the key point is to stay in touch with your market and be flexible enough to adapt to its needs.
If you are in the Hatfield area and are looking for support and help from experienced accountants and business advisers, contact Lovetts.
A Treasury minister has stated that the government 'cannot rule out' a windfall tax on gas and oil companies in order to help with the cost-of-living crisis.
Household energy bills could change every three months under new plans proposed by the energy regulator Ofgem.
The government should immediately support those hardest hit by the cost-of living crisis, according to the Confederation of British Industry (CBI).