Innovative & Creative Skills in Business
Question 1
Innovation is a managed process to apply creative solutions to problems or opportunities to build up or upgrade people’s life. Even a tiny changes or improvement can be considered as innovation because it creates capacity for change. Organizations that innovates able to achieve higher and stronger growth.
In order to survive in today’s businesses, innovation is needed to help companies or organizations in demanding creative solutions to overcome problems by increasing competitive advantage. Companies create novelty in their product or services offerings by doing something no one does like introducing first invented Iphone to the world.
Innovation can also helps offering novelty in ways to compete by having a business deal faster and effective through online video conferencing etc. By exploiting latest technologies, innovation helps to create new markets and grown available markets. Meanwhile, it can also offer new ways of serving authorise or mature markets.
Lastly, innovations always come together with certain risk. By making creative ideas turns reality, business today need to take risks. And of course, before that must be able to see a positive payoff in taking the risks when doing product innovation, process innovation, position innovation or paradigm innovation.
Question 2
The two components of innovation are risk taking and creativity. Risk taking means that a person is willing to push ideas forward at some potential risk to own security, carrier, reputation or self-esteem. Meanwhile creativity is the ability to develop new ideas and to discover new ways of looking at problems and opportunities.
To foster both components in organizations, the person in charge or employers should tolerate risk-taking that might not bring out positive
Innovation is a managed process to apply creative solutions to problems or opportunities to build up or upgrade people’s life. Even a tiny changes or improvement can be considered as innovation because it creates capacity for change. Organizations that innovates able to achieve higher and stronger growth.
In order to survive in today’s businesses, innovation is needed to help companies or organizations in demanding creative solutions to overcome problems by increasing competitive advantage. Companies create novelty in their product or services offerings by doing something no one does like introducing first invented Iphone to the world.
Innovation can also helps offering novelty in ways to compete by having a business deal faster and effective through online video conferencing etc. By exploiting latest technologies, innovation helps to create new markets and grown available markets. Meanwhile, it can also offer new ways of serving authorise or mature markets.
Lastly, innovations always come together with certain risk. By making creative ideas turns reality, business today need to take risks. And of course, before that must be able to see a positive payoff in taking the risks when doing product innovation, process innovation, position innovation or paradigm innovation.
Question 2
The two components of innovation are risk taking and creativity. Risk taking means that a person is willing to push ideas forward at some potential risk to own security, carrier, reputation or self-esteem. Meanwhile creativity is the ability to develop new ideas and to discover new ways of looking at problems and opportunities.
To foster both components in organizations, the person in charge or employers should tolerate risk-taking that might not bring out positive