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Join date: Jan 25, 2021

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Feb 1, 20262 min
How businesses can use technological innovation to scale their businesses?
Technological innovation helps businesses scale faster, differentiate from competitors, and create new value , not just become more efficient. Below is a strategic + practical framework  showing how  businesses can use technological innovation to scale sustainably. 1. Innovate the Business Model Technology enables new ways to create and deliver value . Examples: Subscription models (Netflix, SaaS) Platform models (Uber, Airbnb) Direct-to-consumer (D2C) via websites & apps Digital marketplaces...

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Jan 1, 20262 min
How technological innovation can help in cost cutting in businesses?
1. Automation Reduces Labour Costs Technology automates repetitive and manual tasks. Examples Automated billing and invoicing Payroll and attendance systems Chatbots for customer support Cost Reduction Fewer staff hours required Reduced human errors and rework 2. Digital Communication Lowers Operational Expenses Online communication replaces physical meetings and paperwork. Examples Emails instead of letters Video conferencing instead of travel Cloud file sharing instead of printing Cost...

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Dec 1, 20252 min
How technological innovation can reduce operational costs in businesses
Technology can significantly reduce operational costs across almost every function of a business. Here are the most effective ways it does that, explained clearly and with real examples: 1. Automation of Repetitive Tasks Automation tools reduce the need for manual labor and minimize human error. Examples Accounting automation  - Auto-generated invoices, recurring billing, expense categorization. CRM automation  - Automatic follow-ups, lead scoring, customer segmentation. HR automation  -...

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Nitish KumarNitish Kumar

Nitish Kumar

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