Why Corporate Innovation is important?
In the wave of modernization, it becomes extremely important for a corporate company to move along with the wave of modernization. The process in which these companies implement innovative ideas into their existing innovation culture is called corporate innovation . According to the Lab42 Innovation Survey, 84% of the survey respondents believe that they would prefer to buy from an innovative company. Thus, the workplace's design thinking process is extremely significant in an organization; thereby, highlighting the importance of corporate innovation. For a better understanding of the importance of corporate innovation, we have enumerated the following points - Sustain Growth: By adopting corporate innovation, a company could sustain its growth for a long time. According to the statistics from different sources, it has been concluded that an innovative organization offers standardized products over others in the industry. If a company adopts a design thinking process that modi