Innovation Management – Need of the hour
As the name suggests, Innovation Management is all about the procedure to oversee innovations. It is decisive because innovation management is the trail where intentions flourish and are processed before turning it into actuality. Innovation Management entitles the business owners to look beyond the present and crop up new and original plans to move ahead from the competitors. The ineptitude of grasping the importance of innovation management leads to the risk of offering outdated products/services to their consumers or in certain situations, may run out of business. What Does Innovation Mean? We hear the word ‘innovation’ almost every day. Every single person is aware of this word but do we know the literal meaning of “Innovation”? Any idea/thought is not innovation just because it’s new. The idea/concept/thought needs to create constructive change in the business process or the consumer journey. In short, innovation has to be something so exceptional that sets them...