Section 3
Adapting and Innovating
By Boundless
Innovation may be linked to positive changes in efficiency, productivity, quality, competitiveness, and market share, among other factors.
![Thumbnail](../../../../../../figures.boundless-cdn.com/11333/square/nokia-1662.jpeg)
According to recent research, companies that make a commitment to innovation are exceptional performers in their respective industries.
![Thumbnail](../../../../../../figures.boundless-cdn.com/11268/square/ertical-innovation-process.jpeg)
There are three main modes of innovation: entrepreneurial value-based, technology-based, and strategic-reflexive.
![Thumbnail](../../../../../../figures.boundless-cdn.com/31085/square/roduct-innovation-approach.jpeg)
Companies compete to adapt their products and services to incorporate new innovations first.
Sustainability innovation combines sustainability (endurance through renewal, maintenance, and sustenance) with innovation.
![Thumbnail](../../../../../../figures.boundless-cdn.com/11347/square/sip-max-health-camp.jpeg)
Social innovation refers to new strategies, concepts, ideas, and organizations that meet societal needs of all kinds.
Commercialization is the process or cycle of introducing a new product or production method into the market.
![Thumbnail](../../../../../../figures.boundless-cdn.com/11270/square/design-management-in-brief.jpeg)
Offering employees challenges, freedom, resources, encouragement, and support can help them to innovate.