Innovation strategies
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Innovation strategies

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  • As the global economy slowly slides into recession, organizations face new challenges and opportunities. In today's interconnected world, it's impractical for companies to suspend their innovation initiatives until the worst of the storm blows over. To do so is to risk being well behind the curve when the economy does recover, and losing precious ground to competitors who found creative ways to keep their innovation initiatives moving during the darkest days of the downturn.
  • By c crawford 1980
  • An open source means innovation and ideas shared by all at a common plateform ,the basic idea is to generate new ideas and sharing could lead to a new and better innovation Any company should begin its innovation journey with the end in mind; in this case, an effort to sustain innovation must be carefully planned and practiced to perpetuate the culture of accelerated introduction of new products or solutions. Keeping the cycle of investment into R&D keeps innovation at sustainable levels.

Innovation strategies Innovation strategies Presentation Transcript

  • BY: SAHIL MALHOTRA (013) LUV KHANNA (018) CHIRASH (051) Rahul Kalra(039)
  • Introduction Types Application
  •  Innovation is introducing something new in the economy,that can be new means of sources of raw materials,new methods of production,etc..
  •  Use open innovation to reduce R&D costs  Use process innovation to reduce operating costs  Use innovation to match supply and demand CONT….
  •  Solve your customers’ pain  Use innovation to improve your suppliers’ business
  •  INVENTIVE (First to market)  ADAPTIVE (Second but “best”)  ECONOMIC (Low cost producer)
  • Radical • (Explore new technology) • A problem shared is problem Open source solved • Sustaining innovation for a longer Sustainable time Incremental • Exploring the Existing Technology