How SMEs Can Innovate and Compete Without a Big Budget

Innovation can sound like something reserved for businesses with large R&D teams, but many of the most valuable improvements come from solving everyday customer or operational problems in a better way. For SMEs, the real challenge is finding ways to make meaningful improvements when time, money and specialist resources are limited. This event will explore how smaller businesses can innovate using the people, knowledge and resources they already have. The conversation will consider how to identify opportunities for improvement, involve employees in finding solutions, make better use of existing technology and work with external partners to access skills or expertise they cannot justify bringing in-house. It will also look at practical examples of businesses making changes to products, services or ways of working without significant investment. Attendees will gain ideas for making innovation part of everyday business activity, helping them improve efficiency, strengthen their offer and remain competitive without needing a large budget.