When considering how to promote innovation without being constrained by overly cautious budgets, companies can adopt the following strategies: 1. **Encourage risk-taking**: Establish a corporate culture that encourages experimentation and risk-taking, and let employees understand that failure is part of the innovation process. Share success stories to increase employee recognition of innovation. 2. **Clear innovation goals**: Set clear innovation goals and priorities so that employees understand which areas the company is willing to invest resources in to try new things. 3. **Flexible budget**: Set up a dedicated innovation fund in the budget, allowing a certain degree of overspending or adjustment to support new ideas and experimental projects. 4. **Simplify the approval process**: Lower the approval barriers for innovation projects, reduce the cumbersome process of financial support for new ideas, and encourage rapid execution and iterative improvements. 5. **Provide training and support**: Provide training on innovation management, project management, and finance to help employees better plan and execute innovation projects. 6. **Reward innovative behavior**: Provide rewards for teams and individuals who perform well on innovation projects to motivate more employees to participate in the innovation process. 7. **Cross-departmental collaboration**: Promoting collaboration between different departments, enhancing knowledge sharing and the collision of ideas may lead to unusual and innovative solutions. Through these measures, companies can stimulate innovation and progress while keeping budgets prudent.