Do you ever take the time to think?
Just a thought...
The value of innovation management to the world of business is well known. As companies strive to remain at the forefront of their industry and increase their market share, the importance of innovation in retaining competitive edge and encouraging idea generation is crucial.
However, innovation is not simply about creating new products and encouraging start-ups, innovation can also be employed to better working habits, industrial processes and employee engagement within a business. That innovation is so diverse, and can be so successful in these areas, leads one to question whether the value o… continue reading
The concept of online payment and immediate transactions is now a familiar element of the global economy for many across the world. The fact that money can be transferred at the click of a button has arguably revolutionized international trading, and has allowed a number of innovative business opportunities to capitalise upon the ease of online transactions to create a business with global reach. Companies such as PayPal are prime examples of these innovations, and have experienced phenomenal growth since its creation in 1999.
However, it is now possible to argue that this concept of online cu… continue reading
Innovation management is not solely important in the corporate sector but also in the not-for-profit sector. These organisations need direction in managing innovation as they rapidly try to keep up with the ever-changing global environment and new technologies that are produced. Again, innovation is far from just a technological focus; it is important that it is understood that innovations can exist in other functions of our daily lives.
Over the past few years, more and more natural disasters have occurred across the planet, and they’re becoming more powerful than ever. Countries who experien… continue reading
It is widely recognised that the concept of innovation and the process of innovation management have gained in popularity in recent years. With the turn of the so-called digital age, the increasingly competitive economic markets of the 21st century and the insatiable consumer demand for ‘bigger and better’, the role of innovation has become fundamental to ensuring business success and cutting edge strategy for future growth. As awareness and understanding of innovation and innovation management increases, this trend looks set to continue well into the future of business.
Despite this recogniti… continue reading
As has been discussed many a time, it is often easy to undermine the meaning and importance of innovation. There is no exact definition for the term, which can lead to confusion and ambiguity around the phenomenon. In recent times, more and more leaders have established the greatness of profound innovation and enthuse about its effects more and more when approached correctly. So the big question is; how can the situation be approached in the most effective way possible?
A focus. There is no point just deciding that innovation is what you need and battling on through with what you think is ‘the… continue reading