Innovation has played a vital role in human progress throughout history and continues to be important for economic and social development. It enables problem solving and new perspectives. Innovation can refer to new technologies, products, processes, or ideas that improve things. While innovation sometimes has negative environmental impacts, it typically creates positive change and benefits society. There are challenges to innovation like organizational silos and resistance to change, but the benefits of increased productivity and reduced risks make innovation worthwhile. Motivating students to innovate through hands-on learning can increase creative thinking and help them see innovation's importance.

1. THE SPARKS
FOUNDATION
Graduate Research Internship
Program
April 2023
Content Development Task 1
Made by- Ananya Srivastava

2. Innovate
Innovate has always been a major part in the history of human being from the development of tool and
weapon to the creation of new philosophies and religions, it has always been responsible for several
advances in our world, and still, it is playing a vital role for shaping the world’s economy and our
society as a whole. In order stay ahead the competition it is very important to innovate. Innovation is a
positive thing; it makes one to be able to lead inventions and businesses but same time it has some
negative impacts on environment because it may damage ecosystem through pollution. Innovate
enables problem-solving and provides creative insight that allows you to look at things from a different
perspective, regardless of whether you are developing a new product, refreshing strategy or finding an
original way to stay ahead of the competition. “Innovate” has the ability to change our lifestyle
through new types of services and products or by something that is monumental such as the creation of
news types of technology. It offers businessman to change the way of their business and it also shift the
way of our thinking.
When most people hear the word “innovate,” they think of new technology or products. However,
innovation is actually much broader than that. It can refer to any new idea or change that makes things
better. This could be something as simple as a new way to do things at work or as complex as a new
medical procedure.

3. Innovation really is the core reason for modern existence. Although innovation can have some undesirable
consequences, change is inevitable and, in most cases, innovation creates positive change.
No matter how big or small, when we innovate it always has the potential to make a positive impact on our lives.
It can help us to solve problems, improve our efficiency, and make us more productive. Additionally, it can also
lead to new discoveries and inventions that can benefit society as a whole. There are many challenges faced by
people when they try to innovate.
In the opinion of experts, the biggest problem is, as in many cases, the company’s management. People on top
need to be innovation leaders to their communities that can implement the new approach to innovation challenge.
One of the most important elements to innovate is partnering both within the referred institution and outside. All
parties are expected to collaborate for this to happen. Competitors, partner industries, and clients must all work
together. Most organizations companies have a myth that innovation will interfere with the company as far as
employees are concerned. They debate that it will bring about changes in the routine. For these employees feel so
dissuaded to make changes. The employee needs to try new ideas but given management.
One of the most pressing challenges to innovate, for any business, is determining who is responsible. Without
responsibility or ownership, there’s no impetus to succeed. The ideal solution for this is to appoint a dedicated
position; a role that works higher up in the structure, as a part of the management team, able to access all
departments and ensure proper enablement (in turn, growing the previously mentioned innovation culture).

4. Many managers view new ideas with fear. Innovating is often seen as a distracting or otherwise removing
resources from today’s pursuits of profits. As a result, time is prioritised to maximise current tasks as much as
possible, with no space for innovative thinking or creative problem solving; management is based on current
performance, so the future is always pushed back. Being innovative means doing something different. With
established companies with longer histories, this often meets strong resistance internally. In such situations,
innovation usually comes from the fringes: areas of the business that aren’t tied to the core model. Thus, while
they have the freedom to be creative and to explore new spaces, such sidelined teams are not valued
throughout the company, often dismissed as fanciful or extreme proposals. This is where a fear of the new and
different often takes hold. When the company holds firm to how things are normally done, how different such
ideas are or, as discussed early, how the proposed investments move too far from the established model.
Finally, “innovate” is about new concepts, many of which often come around through the sharing of ideas and
knowledge amongst different teams. Consequently, a silo-driven culture is a huge business innovation challenge.
After all, a company that can not cooperate within itself can’t share new ideas. This is the very same reason
startups and younger organizations favour hackathons and special ideation sessions. Organizational isolation is
one of the biggest creativity and innovation challenges. An ecosystem ensures every department has a role to
play. As a result, every department helps to secure funding and push new innovations forward to develop new
ideas and solutions that can make a real change in the world.
Innovate enables problem-solving and provides creative insight that allows you to look at things from a different
perspective, regardless of whether you are developing a new product, refreshing strategy or finding an original
way to stay ahead of the competition.

5. One of the benefits of innovation in business is the increase in productivity of
individuals, processes, and business models, among others. Simply put,
innovation presents new ideas to business leaders to increase efficiency with
minimum resources. Furthermore, reducing business and other risks. Business
processes have been the same for more than a few decades. However, with the
introduction of innovation in business, there has been a disruption that is
believed to be caused due to novelty, creativity, and uniqueness. That is also
helping in making the business stand out from the rest and vicariously
contributing to increased revenue and market share.
Motivating students to innovate is to provide them with opportunities to be
creative and experiment. For example, in the classroom, teachers can allow
students to work on projects that require them to come up with new ideas and
solutions. This type of hands-on learning can be very motivating for students and
can help them to see the importance of innovation in their lives. This will
increase the development of the coming generation.
Nevertheless, the potential benefits of innovating or innovate make it well worth
the risk. We should always be open to new ideas and willing to experiment with
them in order to create a better future for ourselves and our descendants.
Generally speaking, the main purpose of innovate is to improve people’s lives and
when it comes to managing a business, innovation is the key for making any kind
of progress.