Its innovate or die for South African businesses

 

The economic destruction of COVID-19 has left many local businesses reeling as they attempt to recover and grow despite mounting financial pressure on consumers. Yet even in this challenging environment, local businesses continue to overlook the critical role of innovation for their survival – a fatal mistake which will see many ultimately fail, especially in today’s globally competitive landscape.

Innovation refers to both the development of novel goods or services, as well as the introduction of operational enhancements. This means leveraging the power of rapidly advancing technologies to drive new efficiencies, grow customer bases, capture market share, create greater value for shareholders, and maintain profitability.

However, in a survey of over 1,200 global executives and business leaders, the PwC Innovation Benchmark revealed that as many as 54% of companies were struggling to align innovation with their business strategy, with many spending blindly and others simply ignoring innovation as a business imperative
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New signing for Honda F1 team

By Graham Duxbury @TheRealDux

 
 
 

It was on this coming weekend in 1966 that World Champion John Surtees signed to race for the Honda team in 1967. He had won his title with Ferrari in ‘64 but the relationship had soured. Surtees’ contract with Honda lasted two years and yielded one win – at the ’67 Italian Grand Prix.

He is pictured testing the new 3-litre, V12-engined Honda RA 273 at Kyalami, ahead of the first race of the 1967 season, the South African GP on 2 January. He qualified sixth on the grid and finished the race in an excellent third place behind the Coopers of Pedro Rodriguez and John Love.


Photocredit: hmellet

 

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