innovation
Coca-Cola created its famous beverage recipe in 1886, and it has remained nearly unchanged for over 135 years. This consistency is the antithesis of modern app development. It doesn’t matter if you’re creating a software application designed to help with business administration, time management, or travel. If you want an app to be financially successful, you have to embrace a continuous cycle of iteration and innovation. Endless product development and improvement play crucial roles in ensuring that an app remains effective, successful, and profitable. Let’s examine several aspects of the app ...
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As a business leader in this economy, you know that the best way to retain top talent is not to lose it in the first place. Anything you can do to reduce employee turnover and preserve institutional knowledge counts as a win these days. You also know or are slowly finding out, that retaining talented employees requires an “all of the above” approach. Increasing base salaries, boosting seasonal or annual bonuses, and offering more generous healthcare or retirement benefits are all critically important. But let’s be honest: They’re not enough. So, what else can you do to retain top talent in a t...
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These days, people seamlessly switch between their phones, their computers, and local stores when making purchases and returns. Just think about all the websites and apps that now offer in-store, pickup, and shipping options, letting customers know whether an item is in stock or not. In this omni-channel world, customers expect to see digital ads in retail spaces frequently. Retargeting ads remind customers of items they’ve viewed in the past. Banner ads and clever graphics call out promotions on retail websites. Digital advertising is already thriving online. But brick-and-mortar operations h...
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Innovation in finance is one of many categories in which you could find success by changing your strategy. As the well-known quote goes: “Changing times require changing strategies.” In fact, you could apply that overarching principle to just about any category, even blindly, and maintain high confidence that your assessment will be correct. Given that there are so many evolving technologies related to the world of finance, it only makes sense to stay current on recent innovations. On the other hand, failing to keep up with financial innovation news, at best, might result in missing out on som...
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When most people envision investors’ portfolios, they picture lists of stocks, annuities, and bonds. Yet investing can go far beyond those vehicles. Many people decide to grow and share their wealth in different ways, including by giving money to innovative, humanitarian global initiatives. How can investors get the most out of putting funds toward humanitarian businesses? In the case of nonprofits, investors may be able to get lucrative tax breaks. Or, they may be able to join boards or enjoy voting rights. These can improve their network, visibility, or personal brand. And that’s good for ma...
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