Pankaj Deshpande

According to a survey by PwC’s innovation benchmark, 61% of the respondents of the survey embraced open innovation for the generation of new ideas at the workplace. The statistics clearly underline the significance of innovation for employees ; afterall, employees are the true treasure of a company.  Innovation fuels the employees to be more competitive and increases their efficiency in the dynamic business environment. With efficient use of all resources and opening doors for innovation at the workplace boosts the employees' morale and design thinking process. Everyone likes a little innovation and challenge in their working regime. Thus, innovation in entrepreneurship gives each employee new challenges every day, thus keeping them engaged.  There are several ways to improve employee innovation. Some of these ways are:  Innovation culture must be encouraged. It is often said that not doing anything is way worse than trying and doing something wrong. In a company, such an...

With the rising competition, many entrepreneurs have started discussing innovation. But what is the meaning of innovation, and why is it important for entrepreneurs? So, innovation is basically the replacement or improvement of something. Innovation is the particular instrument of entrepreneurs with the help of which an individual exploits the changes as a chance for a different business. An Innovative Entrepreneur is one who has the ability to tackle to produce innovative products to meet the market's demands and trends. Innovation in Entrepreneur plays a role in many ways like in:  Creative Development Innovation enhances the nature, creativity, and design thinking process of a brand. A new business can attain the height of success by learning the steps of creativeness. Innovation in Entrepreneurship can open the doors of various opportunities by helping the business to keep up with the current trends.  Persistent Improvement Innovation gives organizational durability when ...