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Innovation is important to business survival. Organizational innovation is the ability of employees to find different methods that improve the way that work performed and the organization functions.
‘Workplace Innovation’ is a term that refers to evidence-based organizational methods that allow employees at all levels to fully utilize and develop their skills, knowledge, experience, and creativity while also improving business performance, engagement, and well-being.
In the workplace, innovation is critical because it gives companies an advantage in conquering markets faster and provides a better connection to growing markets, which can lead to more prospects, particularly in developed countries.
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