Innovation

Topics:
Change Management
Tags:
Innovation,
Leadership,
Management,
Pennsylvania State University,
Strategy
Source:
Pennsylvania State University

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Overview: Creativity is the trait that evolves new and unique ideas. Innovation is the process of application of creative ideas to solve organizational problems. Intense competition and change has fuelled the significance of the ‘innovation’ paradigm. Innovations that renew organizations and their products, systems, and processes have taken center stage in modern business competition. The paper examines the innovation process and discusses significance of the same in organizations.

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Format: HTML | Size: 377KB | Date: Jan 2003 | Pages: 19

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