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If you spend enough time in the business world, you’re sure to hear the word ‘innovation’ thrown around quite a bit. We’ve investigated why it really matters for Australia’s business owners.

How do you innovate your business model?

It may sound like yet another corporate buzzword but there are many reasons for encouraging innovation in your organisation. Read on to learn more about the importance of innovation in business and eight practices to help you promote it in your workplace.

Most businesses start and grow because of some form of innovation. Others business innovation examples include new ideas that completely change the world, like the iPhone or Facebook.

Innovation isn’t just a trendy buzzword.  It can help set your business apart from your competitors, guard against sudden changes in the market and drive ongoing business success.

Highlights from the Business NSW Awards

AI is reshaping industries, but with its power comes serious risks. From deepfakes to data leaks and ethical grey areas, businesses must act now to protect themselves and their stakeholders.

Coming to Sydney this November 2025.

Tom Burton put his career as a financial services professional on hold when he agreed to help his brother start a roofing and solar property development business.

That’s why business plans are so important. They help you to define what your business is, where it’s going and how it can achieve its goals.  Our business plan template walks you through the different components of a strong business plan, which can be customised to suit your business or industry.