Business innovation refers to the process of developing and implementing new ideas, products, services, or processes within an organization to improve efficiency, create value, and gain a competitive advantage. It encompasses a range of activities, from introducing groundbreaking technologies to enhancing existing business models or practices. Business innovation can take various forms, including product innovation (creating new or improved products), process innovation (introducing more efficient methods for producing goods or delivering services), and business model innovation (redefining how an organization creates, delivers, and captures value). The goal of business innovation is to meet changing market demands, improve customer satisfaction, and drive overall growth and profitability. Organizations that prioritize innovation often foster a culture of creativity, encouraging employees to think creatively and seek out opportunities for improvement.
### Charles River Laboratories Launches Innovative Incubator Program Charles River Laboratories is revolutionizing the biotech landscape with the introduction of its latest incubator initiative. This program aims to support startups…