In order for your business to succeed there is need to come up with sound business management practices especially when it comes to implementing new business ideas. Many business owners have been known to squash on new business ideas even before they have been assessed. They claim their argument on the fact that the ideas have been tried elsewhere and failed.
Since the company may be having other priories, managers take this as an excuse to ignore or put on hold the new business ideas just because they do not embrace them. Good business management calls for putting in place effective and proper evaluation of innovative ideas.
For there to be business
Creative business management takes into account the risks involved in implementing new ideas and that with proper techniques these ideas can produce positive results. As much as new business innovations are not welcomed or encouraged, as a business owner should learn how to appreciate them.
It may sound like you are playing it safe when you do not leap into a new business idea, but the drawback is seeing the same idea you ignored working out when implemented by your competitor. Rather than stamping on new ideas, put in place systems that would test, implement and even reward individuals that come up with these ideas.