Necessity is said to be the mother of inventions but isn’t innovation an important part too? Novel ideas and even concepts are being introduced in the market day in and out. People are more attracted to things they have not seen or experienced before; people need innovation! If ‘basic need’ were the only requirement of humans, there wouldn’t be a variety of concepts and competition in the market.

Necessity is said to be the mother of inventions but isn’t innovation an important part too? Novel ideas and even concepts are being introduced in the market day in and out. People are more attracted to things they have not seen or experienced before; people need innovation! If ‘basic need’ were the only requirement of humans, there wouldn’t be a variety of concepts and competition in the market.

In an ever-growing and competitive world, creativity is the best tool for success. But it should be properly utilized. Without good management companies will find a decrease in their profits, even if they have good creative ventures. This blog aims to introduce and explain the very significant topic of creativity and innovation management.The two seemingly unrelated words, “marketing” and “innovation,” have a significant connection that is almost very disadvantageous to ignore. They serve as collateral assets to each other; an innovation needs amazing marketing to succeed, while marketing needs innovation for the success of its products.

Today, innovation is much more than just new technologies, products, creations, or methodologies. It is about the interconnection between a product and a user, between a person possessing the ability to create wonders with the ecosystem.The two seemingly unrelated words, “marketing” and “innovation,” have a significant connection that is almost very disadvantageous to ignore. They serve as collateral assets to each other; an innovation needs amazing marketing to succeed, while marketing needs innovation for the success of its products.

Innovation is a new product or service developed through the implementation of new ideas or concepts. We are surrounded by innovations, such as the constant advancement of technologies we see in our daily lives. Innovation plays a crucial role in a business as it helps in their refinement and makes them stand out. Business executives worldwide believe that 40% of innovations have impacted their business positively in the last five years. That’s why companies demand more and more innovative minds to overcome future challenges.

Innovation and creativity are the go-to tools to ensure the maximum growth of an organization. Creativity gives us ideas and innovation helps us to present the ideas correctly. Through divergent thought ( creativity ), we get new and unique ideas, and through convergent thought, we focus these ideas as per the guidelines and objectives set by the companies. Just as there are different types of creativity, there are different types of innovation.

How amazing it is being able to form ideas and concepts through the genius of the human brain. This process is termed as the Innovation Process. The most interesting thing about innovation is, in fact, being able to turn an idea into a successful project. However, the innovation process is a complex process.

The actual development of a new concept or theory is known as invention. It is described as the creation of a concept for doing or doing something without first confirming that it works or is commercially useful. Invention is impossible without creativity, but creativity alone is insufficient to successfully create an idea.

Evolution is a very necessary component for an organisation of any kind. A company that wants to stand out in the market, regardless of the niche in which it will be inserted, will need at some point to bet on Product Innovation; otherwise, it will be massacred by the competition. So, let's know more about it!

Disruptive technology is an innovation that disrupts and supersedes the existing technology, thereby significantly altering the pattern of the operations of industries, business enterprises, or consumer behavior with its superior attributes. This term disruptive technology was defined and popularized by Clayton M Christensen in 1997.

In the last decade, service innovation has become increasingly common as a means of constantly improving current services and creating entirely new ones. Read on to learn more about what it means and why it's becoming incredibly relevant and important!

Digital innovation is an extremely important way to engage with new people and organize internal affairs at better means. Since market conditions develop in new ways every day, you need to catch that pace. Accelerating Digital Innovation helps you achieve this and introduce new products and services into the field.

Making a career in Innovation has grown as one of the most promising professional fields that many young individuals are leveraging in today’s time. For many professionals and students, getting a postgraduate degree looks like the subsequent reasonable step to promoting their career. Recently, many students are opting for different post-graduation options like pursuing an MBA in Innovation.

Career options nowadays are not just limited to the conventional professions like being an engineer, doctor or lawyer. With technological advancements, the modern world is moving fast, and people are now exploring some out of the box career options like Masters in Design.

“Creativity is thinking up new things. Innovation is doing new things.” — Theodore LevittFrom a small advertisement of a product to technical gadgets we purchase, Creativity and Innovation can be observed everywhere.The autopilot mode introduced by Tesla; the electric scooters are some of the examples of creativity. Who thought our phone could be flexible like that of Flip and Fold series of Samsung? Therefore, it is quite evident that big tech giants are seeking innovative aspects in every product they launch.

61% of the respondents in a survey by PwC’s innovation benchmark revealed their inclination towards innovation at the workplace. This clearly indicates the importance of innovation for employees. But have you ever wondered how is employee innovation a progressive step towards your business development? Well, there are many perks of integrating employee innovation at your workspace other than increased staff retention and profitability.

Digital Transformation is the process that shifts the usage of manual or non-digital processes to that of digital processes. Digital transformation in business refers to the more profound usage of digital processes rather than the conventional manual processes. This digital business innovation and transformation process assumes an important role in the near future as the consumers would demand an improved version of the products with changing taste and preferences.

Innovation is more of a daily action required for a business to propagate and be successful. In this era of urbanization, it is a daily challenge to grow and innovate. Any business cannot thrive until it has unique concepts and ideology to attract potential customers. Many businesses and organizations have managed to carry out several activities to encourage innovation among the employees and firm’s ideology.

Innovation is more of a daily action required for a business to propagate and be successful. In this era of urbanization, it is a daily challenge to grow and innovate. Any business cannot thrive until it has unique concepts and ideology to attract potential customers. Many businesses and organizations have managed to carry out several activities to encourage innovation among the employees and firm’s ideology.

In today's world, where the number of problems is on a constant hike, the need for an innovative solution is clearly felt.Innovation for entrepreneurs is a necessity that will help in increasing the loyal customer base for a company. Creativity and innovation skills help in increasing business growth and development prospects for a company. This overall success is owed to creative thinking for innovation.

Wondering how to stay productive and progressive in your workplace? Well, innovation is the primary factor responsible for sustaining your position in the market and set you apart from the competition. Not only it improves employee efficiency it also stimulates the overall operations of an organization.

This era is marked by the rapid progression of Digital Transformation in almost all sectors. It has resulted in a widespread change in customers perspectives and expectations, making it a vital component of a business organization. Therefore, it stresses the need of integrating digital transformation and technology into your business to meet the customer's expectation and increase the overall outcome of the production processes.

The term data-driven is used to describe a business state that uses data in power decision-making and performs activities efficiently. Basically, it is a whole round approach involving the recognition of data that must be managed efficiently, and in a way, it improves your overall business tactics.

In simple words, trend-driven innovation can be explained as spotting the latest trends and recognizing whether they are beneficial for their business or not.Well, it is essential in today's changing world to identify an ideal trend that could stimulate your business's growth and provide highly favourable results. The need for trend-driven innovation is relatively high and significant.

If you want to keep up with the market pace, you need to learn to innovate at every step. Therefore, these business model innovation involves the use of new technologies, different processes, unique ideas, and futuristic products.

In the wave of modernization, it becomes extremely important for a corporate company to move along with the wave of modernization. The process in which these companies implement innovative ideas into their existing innovation culture is called corporate innovation. According to the Lab42 Innovation Survey, 84% of the survey respondents believe that they would prefer to buy from an innovative company.

According to a survey by PwC’s innovation benchmark, 61% of the respondents of the survey embraced open innovation for the generation of new ideas at the workplace. The statistics clearly underline the significance of innovation for employees; afterall, employees are the true treasure of a company. Innovation fuels the employees to be more competitive and increases their efficiency in the dynamic business environment.

In today's world, "adapt or die" becomes a crucial approach for businesses' success. Therefore, innovation acts as a significant role in businesses as it helps in growth, keeps the business relevant, and helps businesses stand out with a unique personality. So, innovation is basically the replacement or improvement of something. Innovation is the particular instrument of entrepreneurs with the help of which an individual exploits the changes as a chance for a different business.

Innovation in business is defined as the implementation and development of new procedures, products, services, and ideas with the objective of boosting the company's conversion rate or brand value. Innovation acts as a crucial role in driving economic growth for businesses. So, innovation is basically the replacement or improvement of something. Innovation is the particular instrument of entrepreneurs with the help of which an individual exploits the changes as a chance for a different business.

With the rising competition, many entrepreneurs have started discussing innovation. But what is the meaning of innovation, and why is it important for entrepreneurs? So, innovation is basically the replacement or improvement of something. Innovation is the particular instrument of entrepreneurs with the help of which an individual exploits the changes as a chance for a different business.

According to McKinsley Global Innovation Survey, 84 percent of the executives have already understood that innovation is one of the most important growth strategies. These statistics highlight how important innovations like product innovation, creative innovation is in a company.

Creative innovation is a technique of turning new ideas into commercial success. A recent Lab2 innovation survey revealed that 84% of respondents believe that it is remarkably important that the company they trade from is innovative.

Design Thinking Process is defined as a procedure for resolving troubles by primarily focusing on customer needs and satisfaction. It is a human-centric process to innovation which was originated from the designer's toolkit.

HR, as the manager of the workforce in the company, has a big responsibility to manage. Therefore, to keep up with the changing time, it is essential to upgrade the game with HR innovation for implementing amazing and innovative ideas, new ways, and efficient technologies to meet the organization's upcoming requirements.

Product innovation is the industry that is related to the development of new and modern products, modifications in designs of the already existing products, enable use of better and new components or materials for already established products.

"If opportunity doesn't knock your door, build a door," Milton Berle quoted as the most inspirational line for all the entrepreneurs. This line inspired many people around the world, and people started arriving with various innovative business ideas.

Technology has the power to completely alter the course of the future. But have you ever thought about what technology would be called whose introduction significantly affects the working and functions of a market or even an industry? Such technology or type of innovation is referred to as disruptive innovation.

Innovation is the bulb that will light the future of an organization. If a company wants to foster and prosper, organizational innovation should be the topmost priority in their business model.

Innovation is the key to the success of modern businesses. An organization needs to walk on the path of innovation as the modern world requires a modern solution.

Today innovation is becoming a part of most searched topics around the world. Talking about innovation management, then innovation is also becoming an important part of business growth.

Innovation is the fuel that runs the engine of any industry. Like any other industry, innovation is extremely important in the design industry as well.

Everyone in their businesses desires positive change. Business innovation refers to the process in which new practices, new services, new technology are introduced to grow a business.

Today, many big MNCs have set new trends to introduce various innovative ideas, which has helped those companies reach a new height of success. Innovation basically includes the usage of unique concepts to implement or introduce new products by making them more efficient.

The rising population and the advancement of technology to create sleek products have given rise to a new methodology and named it Design Thinking.

Technological innovation is the arena which helps a company to grow. According to GE Global Innovation Barometer 2018 report, across the globe in accordance with business executives, 40% of innovations over the last 5 years had an extremely positive impact on bottom lines of their business.

Innovation and technology are the bridge between a company and its development. According to McKinsey's survey, the importance of innovation in their growth strategy is realized by 84% of the executives.

Once upon a time, while mankind was slowly discovering its inherent capability to evolve, many miracles came to light.

Struggling with the burden of workloads and a heartfelt craving for faster computers, how we wish 2021 brings us closer to the reality of Quantum computing with just a charm.

One day when it rained on a bright sunny morning, humans in the Stone Age went into caves. But when it rained again some of them got together and struck stones together to accidentally discover fire and save themselves from the wrath of nature.

Product innovation is exactly what it sounds like; it involves coming up with business innovation ideas to develop new products or improved renditions of existing products to make them more useful. The rollable LED television by LG is one of the best examples of Product Innovation. Other good examples

Coming up with business innovation ideas is a cakewalk for some people, but at the same time for others, it is a tough row to hoe. In most situations, a person knows that they want to start a venture, but they do not know the process or the initial steps.

Since 2018, the world has grown up in terms of innovation and technology. Digital innovation is trending, which helps to grow from offline to online business market. More than 50% of businesses are now regulated and managed online by using 47% of Artificial intelligence technology.

This ever-increasing value of social media calls for an effective innovation strategy by each company focusing ideally on digital innovation for business growth and expansion. So, mentioned below are 5 Digital Transformation that will help transform your company

Innovation in Organization is as important as education in a human's life. Education helps a person grow and improve themselves; similarly, business innovation ideas help an organization grow and stand out in the crowd.