UK SMEs Thrive with Incremental Innovations, Boosting Sales Turnover Growth
The study looked at different types of innovation in small UK businesses and how they affect performance. They found that these businesses mostly focus on small improvements rather than big changes, and this actually helps them make more money. This is especially true for companies in high-tech industries. Contrary to what some people think, small businesses don't need to come up with completely new ideas to succeed. The age of the business doesn't affect whether they focus on small or big changes.