Creative innovation is important for companies to satisfy customers and adapt to changes. Some strategies to foster innovation include being curious and gathering information, recognizing opportunities, looking beyond your industry for ideas, fostering an innovative environment, innovating workplaces not just products, and running contests to source ideas from colleges. MIT Innovation provides courses to develop these innovation skills in students to help companies succeed.

1. Discover Strategies and
Techniques for
Creative Innovation
MITID Innovation

2. 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. Hence, it's essential to be
innovative to satisfy customers and adapt to
external challenges quickly.
Therefore, we have mentioned some
strategies that businesses can opt to
bring innovation culture in their workplace -

3. Market chiefs can't act as market leaders
unless curiosity to learn and gather new
information is not their thing. A leader
must keep his eyes open to identify
current market trends, spot new
opportunities, be aware of their
competitor's Strategies.
Be Curious and Gather More
Information

4. Having a good archive, interaction with
partners in workshops and seminars,
conferences, trade meetings, etc., will
keep the company up to date.

5. Acknowledging why a product is not doing
well in the market and among existing
customers will lead you to innovate the
product idea and check what works for its
successful sale. Understanding why
customers might be attracted to your rival
company will lead you to think of better
offerings for your consumers than what they
are receiving from other companies.
Recognize Innovation
Opportunities

6. Most often, the promising ideas for your
innovation framework need not originate
from your own industry but from other
industries. For example, Henry Ford started
the concept of moving assembly lines after
being inspired by the meat processing
industry, which changed the entire dynamics
of the automobile industry in terms of
deployment and labour volumes.
Look Broader, Beyond the Industry,
For Ideas

7. Is your business open to adapt changes or
want to do business in an old-fashioned
way? If the top administration is not flexible
to change, it will go down the hierarchy, and
innovative concepts won't come up. The
innovation team must have frequent
meetings to carry brainstorming sessions.
Foster an Innovative Environment

8. Most people relate innovation to the
development of a new product. Still, they
fail to recognize that the association's better
practices and processes can boost the
firm's profits and productivity. A poor
workplace atmosphere leads to lower
motivated employees, hence results in
lower outcomes for the firm.
Innovative Need not be About
Products but the Workplace Also

9. The workplace should not have dull walls
and cubicles. Offices can have play areas,
open kitchens, coffee bars, creches,
libraries, themed conference rooms, and
several other innovations to give workers a
happy environment to boost productivity.

10. Young minds undoubtedly thrive in
creativity. Students can be a company's
best advisors on how to sell their products
innovatively. Some companies do run
contests for the public or in colleges,
offering monetary rewards. The best ideas
can get licensed and commercialized.
Run a Contest, Scout for
Ideas From College

11. These are the strategies and techniques for
creative innovation that will help to bring
innovation culture in your workplace.
Innovation is not just for start-ups but also
market leaders. Innovation can occur in any
association where the cultural mindset is
pitched to discovering solutions to problems
creatively. That’s where an educational
institution's role comes to fosters the
students to be more innovative and take
their companies to heights.

12. With a curriculum specially designed as per
industry requirements to tickle innovation,
MIT ID Innovation is one such leading
institution that strives to achieve the best in
students. So, if you are looking for an elite
institution, MIT ID Innovation is a worthy
investment.

13. MIT ID Innovation Programme curates
knowledge and experiences that
challenge the very paradigm of evolution.
And that's why we have set out to define
the future of industries, communities,
cities and ecosystems. MIT ID Innovation
offers the best Innovation Courses.
Conclusion

14. We’d love to
hear
from you.
MIT INSTITUTE OF DESIGN
Rajbaug,, Loni-Kalbhor, Pune-412201
innovation@mitid.edu.in
+91-7038982225 / +91 9834092369