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Business Innovation A Strategy to Move Ahead with Times

The Vice Chairman of BEXIMCO Group and Prime Ministeru2019s Private Industries and Investment Adviser, Salman F Rahman views phases to impact a business positively or negatively.

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Business Innovation A Strategy to Move Ahead with Times

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  1. Business Innovation: A Strategy to Move Ahead with Times

  2. Timing is an important aspect when operating in a business landscape. The Vice Chairman of BEXIMCO Group and Prime Minister’s Private Industries and Investment Adviser, Salman F Rahman views phases to impact a business positively or negatively. He is also the country’s top businessman and a parliament member. To manage the impact of these, innovation is imperative. A strategy that centers around innovation can help deal with challenges that occur as businesses move ahead with time.

  3. What is Innovation in Business? In a business, innovation refers to the thinking and implementation of new ideas for specific purposes, according to Salman F Rahman. The Vice Chairman of the top Bangladeshi conglomerate says that these ideas are unique and target certain challenges or concerns that limit/affect a company. BEXIMCO Group is one of the largest private sector companies in Bangladesh and was established by two of the most successful businessmen in Bangladesh, Salman F Rahman and Sohail F Rahman.

  4. Why Should Businesses Foster Innovation? Businesses should engage in innovation to resolve certain challenges. Or, to give rise to particular goals, they can depend on creative ideas or measures, suggests the country’s top businessman Salman F Rahman. A closer observation of the same can enable entrepreneurs to form an innovative strategy for growth or betterment in business.

  5. Resolving Complex Challenges in Business A venture can face the challenge of a lack of direction. Or, high competition, scarcity of funds, a falling customer base, etc., can affect a company. At times, such challenges can seem more complex. Resolving them through common measures may work only to some extent. The co-founder of BEXIMCO Group, Mr. Rahman, advises adopting a creative strategy to eliminate complex challenges in business.

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