An innovation can be as simple as your bookkeeper reducing a bill paying process by 3 steps and thus saving 5 minutes per bill, to an entirely new product line, to an improvement to a current product, to a new high margin service, to a new cultural ritual to improve employee engagement.

FORBES: 2. Create an Innovation Advisory Board

This new ownership will provide many opportunities, including continued product improvement, increased marketing support, funding for new product development, and manufacturing support to help control and reduce costs.

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The reality is that there is no ultimate product or business, since each improvement or business growth increment brings a whole new set of challenges, requiring more learning, more practice, and more skills.

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The main purpose for a testing phase of any new weapons system is to iron out bugs it is supposed to find opportunities for product improvement.

CENTERFORSECURITYPOLICY: Center for Security Policy | SUMMARY OF THE CENTER FOR SECURITY POLICY��S SECOND HIGH-LEVEL ROUNDTABLE ON THE FUTURE OF THE MANNED BOMBER FORCE

The main purpose for a testing phase of any new weapons system is to iron out bugs -- it is supposed to find opportunities for product improvement.

CENTERFORSECURITYPOLICY: Center For Security Policy