2. What is Innovation?
Innovation is a dynamic process which adds greater dynamism to
our wide-ranging world. Innovation, possessing an everchanging,
progressive and multifaceted qualities, is hence, quite difficult to
define. However, after studying several definitions provided by
prominent makers of the world like Steve Jobs and Elon Musk,
one can conclude that there are certain definite aspects that can
explain Innovation. For instance, novelty is an indisputable rule of
innovation. A new idea, way, or perspective, establishes the very
foundation of innovation. Change, possessing either positive or
negative consequences, is another definite norm of innovation.
And in the middle of novelty and change, the aspect of practicality
completes the formulation of the term innovation. On that account,
the device through which you are viewing this article forms a
precise example of innovation. Laptop or mobile phone, an
evolved form of computer, originating from an unprecedented idea
by Charles Babbage, manifested into reality which, undoubtedly
caused a revolutionary and progressive change.
3. Why is Innovation important?
Unforeseen challenges are inevitable in business.
Innovation can help you stay ahead of the curve and grow
your company in the process. Here are three reasons
innovation is crucial for your business:
1.It allows adaptability: The recent COVID-19 pandemic
disrupted business on a monumental scale. Routine
operations were rendered obsolete over the course of a
few months. Many businesses still sustain negative results
from this world shift because they’ve stuck to the status
quo. Innovation is often necessary for companies to adapt
and overcome the challenges of change.
2.It fosters growth: Stagnation can be extremely
detrimental to your business. Achieving organizational and
economic growth through innovation is key to staying
afloat in today’s highly competitive world.
3.It separates businesses from their competition: Most
industries are populated with multiple competitors offering
similar products or services. Innovation can distinguish
your business from others.
4. Problems
Even though our power lies mainly in our ability to
innovate, excessive innovation has generated several
serious issues too.
1) Cybersickness:
A recent term, Cybersickness, explains the health and
behavioral issues owing to excessive use of mobile
phones and screens. It explains how a person remains
demotivated, lethargic and experiences endless boredom
of looking at screens for a prolonged time.
2) Increase in dependability:
When it comes to the use of innovation, our increased
dependency on innovation and technology makes it
necessary for us to take a step back. Unavailability of
Internet can stop our important everyday works, we lose
track of time while being online, we use calculators for
simple calculations, we depend on Internet for
entertainment and all our relations and social network are
reduced to a screen.
5. Most of the problems caused due to innovation stem from its needless and unrestricted use. The
followings effective steps can solve the issues caused by innovation and its products:
1) We must remember to manage our screen time, using technological devices only when necessary.
2) Being aware of our body posture while using a mobile phone can aid in reducing health issues.
3) Remain vigilant about the type of material being accessed through internet and avoid providing
sensitive data to minimize the effects of data breach.
4) Teaching and disseminating awareness about cyberspace and potential risks and dangers.
5) Learning about brand new innovations to understand and face new issues.
6. Conclusion
Innovation is a necessary process resulting from a creative mindset and
originality. It is now an unextractable part of our lives which has surely
provided us with ease and swiftness. However, we must realize to limit its
use to restrict its ill effects and focus on maximizing the positive ones.
References:
online.hbs.edu/blog/post/importance-of-innovation-in-business-Why innovation is so important