Sunday, April 28, 2019

Innovation Definition - Four Requirements for Innovation

Innovation is the lifeblood of any organization. Therefore, we must have a good definition of work innovation. Innovation can be applied to many things. It is usually a term applied to new products, but it can also be used to describe new processes, methods or inventions.

The following are the four basic elements of an innovation definition:

New thing

Everyone loves new things. How many ads have you seen using the words "new and improved"? We all want the latest, best products and ways of doing things. However, novelty is just the beginning.

2. Better than there is

In order to be a new person, new things are of little value. It must also be improved. A new and improved toothpaste must have a new This increases its perceived value. The new office program must actually be better than the old one.

3. Economically viable

Does it make money or save money? If not, then it should not be implemented. If new and improved toothpastes make more sales in turn to make more profit, then this is a profitable supplement. If your new office process increases workplace efficiency and saves labor costs, it can make your organization more profitable.

4. Extensive appeal

All the first three elements are very important and even relevant. However, there is a need to have a basic appeal for new innovations. If not it won't sell. If your new toothpaste and modified toothpaste are licorice-flavored, its appeal may be very limited. It is new and improved. Licorice can even be cheaper than anyone else. If no one wants it, then this is not a real innovation.

The same applies to your office changes. If it takes action that no one in the office likes, then it is doomed to fail from the start.




Orignal From: Innovation Definition - Four Requirements for Innovation

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