Subsequent to the first success, experienced by businesses, leaders frequently turn their focus toward creating and selling their products or services more efficiently, likely at the expense of continuing innovation. This apparently wise judgement may unintentionally lead businesses to become one-hit wonders, effectively limiting their possible success as time passes. Small business executives should adopt practices that promote innovation yet donot come at considerable cost given limited financial resources to help prevent the early success of a firm from being its only success.
Moving beyond initial success Promoting innovation in small businesses through high-performance work practices Case Solution
Focusing on the positive effects of ability, dedication, and opinions, we propose a system of high-performance work practices (HPWPs) as an economic means of encouraging advanced behaviour that allows for efficiency without losing an emphasis on creativity and entrepreneurial action. This article discusses and summarizes nine unique HPWPs targeted for smaller companies that are expected to promote and fully realize the potential of employees as the driving force for innovation and sustained success.
PUBLICATION DATE: January 15, 2016 PRODUCT #: BH716-HCB-ENG
This is just an excerpt. This case is about INNOVATION & ENTREPRENEURSHIP
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