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The benefits of innovation: What are the key benefits of implementing innovation? Innovation can be seen as a way of solving problems or making products that are more efficient, effective, or affordable. In the world of business, innovation can have a number of benefits, including increased sales and bottom line success. For example, if your company is looking to innovate its customer service offerings, an innovative solution could be to create a new approach that makes it easier for customers to get in touch with you....