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How to stay relevant in business amid the pandemic

Innovate. You have to learn how to innovate.

This is the key to stay relevant amid the uncertainties brought by the COVID-19 pandemic, which was highlighted by the  Department of Trade and Industry (DTI) Secretary Ramon Lopez during the launching of Department of Science and Technology’s Science for the People book.

“DTI firmly believes that innovation is at the core of entrepreneurship. Innovative ideas and solutions enhance the competitiveness of business enterprises towards greater expansion and growth,” Lopez said.~

Related: 5 practical tips to improve your business while working remotely

He also mentioned the importance of incorporating science and technology in business models which can help entrepreneurs to make their business viable despite the changing times.

“With the need for social distancing and health protocols in today’s new normal, digital platforms, changing business models for current businesses for them to stay relevant and become competitive is really very important,” he added.

Lopez highlighted how innovation can help entrepreneurs thrive and survive amid the pandemic.

“While science can offer so much to our society, entrepreneurs can transform this research into relevant solutions to current problems,” Lopez said. “By linking science, technology, and innovation to business, we can encourage would-be and existing entrepreneurs to aim higher and dream bigger.” 

Source: PNA

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