Steve Jobs Apple

6 Impact of Innovation & 6 Motivations for Businesses to Innovate: An Entrepreneur’s Guide

The buzz word for entrepreneurs today would revolve around ‘Social Entrepreneurship’ to ‘Sustainable Business’ to ‘Scalability’ to ‘Social Media’ and now, ‘Innovation.’ Even in Malaysia alone, the Prime Minister himself encourages Innovation among companies, businesses and government agencies in order to produce better performance results for the economy. But what actually drives innovation for entrepreneurs?

Credits from Entrepreneurs.my to the research team for G.E. (General Electric) who has conducted a study on the main reasons why entrepreneurs through their business operations or startups should innovate and what impacts would it create for their bottom line and long-term sustainability?

Perhaps the late legendary technologist and entrepreneur, Steve Jobs may have foresaw such trends coming…