Unconventional Business Practices (Infographic)
Two core tenets of business in a free or semi-free market are efficiency and innovation. The more efficient a company is, the higher a profit it can make. The more innovative a company is, the greater the chance it finds unusual ways to increase efficiency. Although reckless innovation can be a waste of time, money, and energy, intelligent innovation is often significantly rewarded in the business world.
This infographic lists a number of businesses that have innovated in interesting and unusual ways, including smaller startups such as Buffer and large corporations such as Google. The ways in which the businesses are innovating sometimes turn the entire employment hierarchy inside out.
These businesses’ innovations aren’t only about the profit margin, the employees benefit quite a bit as well. In fact, the way many of the companies improve productivity is by improving employee engagement. That is a portion of what makes the changes so innovative: they increase profits while concurrently making employees more satisfied.
The infographic provides additional details and more specific information that should be useful to any business looking to innovate to increase efficiency.
This infographic lists a number of businesses that have innovated in interesting and unusual ways, including smaller startups such as Buffer and large corporations such as Google. The ways in which the businesses are innovating sometimes turn the entire employment hierarchy inside out.
These businesses’ innovations aren’t only about the profit margin, the employees benefit quite a bit as well. In fact, the way many of the companies improve productivity is by improving employee engagement. That is a portion of what makes the changes so innovative: they increase profits while concurrently making employees more satisfied.
The infographic provides additional details and more specific information that should be useful to any business looking to innovate to increase efficiency.
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