Adding innovative products and services is important to a companies' success and small entrepreneurial companies may be able to respond faster than larger organizations.

Question

Quizplus · Accepted Answer

Small entrepreneurial companies often have less bureaucracy and can pivot quickly to meet market demand, while larger organizations may have more red tape and be slower to adapt to change. Introducing new and innovative products and services can help companies stay competitive and attract new customers, so this agility can give smaller organizations an advantage.

Adding Innovative Products and Services Is Important to a Companies