How installation of new innovative may lead to the growth of business activity?
anyone can explain it..
Answers
Answer:
There are different ideas and possibilities for innovation for every organization. In order to find them and use them systematically, innovation management is necessary to achieve maximum success. In this article, you will learn how to introduce innovation management in your company.
Innovation is one of the most challenging management activities, not to say the king's discipline because
Firstly, new ones are handled with high uncertainty, risks and complexity; the flop rates are correspondingly high.
Secondly, the innovation process is a highly interdisciplinary process of change which requires the cooperation and commitment of almost all areas of the company. If a link does not work as a chain, the entire innovation vehicle does not work.
Step 1: Order from management & targets
Step 2: Strategic orientation of innovation activities
Step 3: Specify search fields
Step 4: start the search for ideas
Step 5: Design of the innovation process
May this much helps
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