Pankaj Deshpande

In today's world, "adapt or die" becomes a crucial approach for businesses' success. Therefore, innovation acts as a significant role in businesses as it helps in growth, keeps the business relevant, and helps businesses stand out with a unique personality.  An organization needs a multidisciplinary and holistic framework that allows businesses to employ a strategic approach to innovation. Strategic Innovation is the development of new product categories, business models, growth strategies, and services that completely change the game and bring new values of innovation in entrepreneurship, consumers, and customers. To help you with creating a successful Innovation framework, we have mentioned 6 key steps that will help you create an Innovation Framework -  Create a Scalable Platform for Success: An Innovation framework is a scalable and worldwide platform developed to tackle your employees' creative skills and talents by residing in alignment and your corporate a...

Creative innovation is a technique of turning new ideas into commercial success. A recent Lab2 innovation survey revealed that 84% of respondents believe that it is remarkably important that the company they trade from is innovative. Hence, it's essential to be innovative to satisfy customers and adapt to external challenges quickly. Therefore, we have mentioned some strategies that businesses can opt to bring innovation culture in their workplace -  Be curious and gather more information Market chiefs can't act as market leaders unless curiosity to learn and gather new information is not their thing. A leader must keep his eyes open to identify current market trends, spot new opportunities, be aware of their competitor's Strategies. Having a good archive, interaction with partners in workshops and seminars, conferences, trade meetings, etc., will keep the company up to date.  Recognize innovation opportunities Acknowledging why a product is not doing well in the market an...