While earning money is significant, innovation is more important as it increases competitive strength and improves business image. For example, Google+ failed to attract users despite Google's large capital and hiring of top engineers because Google lacked innovation and tended to imitate others. Additionally, companies should focus on upgrading employee skills as individual ability drives business advancement, and those only focused on profit while ignoring worker development will fall behind globally. Ultimately, profit is important but sustainability requires balancing it with other factors like innovation and employee skills.
While earning money is significant, innovation is more important as it increases competitive strength and improves business image. For example, Google+ failed to attract users despite Google's large capital and hiring of top engineers because Google lacked innovation and tended to imitate others. Additionally, companies should focus on upgrading employee skills as individual ability drives business advancement, and those only focused on profit while ignoring worker development will fall behind globally. Ultimately, profit is important but sustainability requires balancing it with other factors like innovation and employee skills.
While earning money is significant, innovation is more important as it increases competitive strength and improves business image. For example, Google+ failed to attract users despite Google's large capital and hiring of top engineers because Google lacked innovation and tended to imitate others. Additionally, companies should focus on upgrading employee skills as individual ability drives business advancement, and those only focused on profit while ignoring worker development will fall behind globally. Ultimately, profit is important but sustainability requires balancing it with other factors like innovation and employee skills.
It is true that earning money is very significant, however innovation is more
important. It plays a crucial role in increasing the competitive strength and
improving the business image. Google, for example, has a large capital, which successfully hires the best engineers and builds the modern infrastructures, but its social networking product, Google+, is failing to attract general customers. This is probably because Google lacks of attention on the innovation side of its social media; it tends to imitate what already existed out there. Furthermore, companies should also concentrate on upgrading their labor quality. With the constant changes, the ability of each individual will bring the business to the next level. In addition, some corporation which only focuses on maximizing income and ignores their workers’ skills will be deported from global competition. It is clear, therefore, that the continuous changes demand the collaboration of knowledgeable and creative people. In conclusion, profit is very important but it is not the only thing which make a business sustainable. One successful business need to harmonise between profit and other factors.