Slideshow about "INNOVATION"

1. INNOVATION

2. Innovation is one of the most important
concerns of each organization and its role in the
development and coordination of the market is
inalienable. Innovation in all human areas is
applicable from product development, methods
of management, ways of doing works and etc.

3. Innovation include some technological changes
which according to Schumpeter definition
include: producing products or services or
utilizing methods or inputs that are new for
firms. The main point is that the first one who
use the methods or ways is innovative and
others who use these ways later are followers.

4. The main point is that innovation is
different from creativity. In this article the
important of innovation and its crucial role
in growth, survival and success of
organizations is discussed.

5. Keywords
INNOVATION
GROWTH AND
HEALING
CREATIVITY

6. Four such areas of opportunity exist
within a company or industry:
Unexpected Occurrences
Incongruities
Process needs
Industry and market changes

7. Problems faced by
innovation and how to
overcome them

8. • Impractical expectations for innovations - Imposing
unreasonable expectations makes individuals lose
confidence. As a result, innovative outputs suffer.
Solutions:- Discuss the innovation process with defined
goals and expected outcomes to set the right expectations.
• Unempowered innovation team - Some innovation
managers are concerned that innovation would divert the
attention of their workforce from their daily tasks and
responsibilities.
Solutions :- Promote innovation as an inclusive activity
that inspires, appreciates, and rewards innovative concepts.

9. • Lack of innovation strategies - Creating a coherent innovation plan is
critical, just like any other organizational endeavor.
Solutions :- Create a specific set of objectives and define how you can
possibly and efficiently attain them.
• Weak innovation culture - The problem is, a weak innovation culture
can spiral into numerous different problems that may hinder the
organization’s overall capacity for innovation.
Solutions :- Make a plan for where you wish to go from an innovative
standpoint. Goals and objectives are taken into account in a strong
innovation culture.
• Lack of managerial support - some executives find it challenging to
support innovation efforts, not because they underestimate the
function or importance of innovation in growth.
Solutions:- Align your business goals with your innovation strategies.
It not only adds business value to your innovative output.