Pankaj Deshpande

In the last decade, service innovation has become increasingly common as a means of constantly improving current services and creating entirely new ones. Read on to learn more about what it means and why it's becoming incredibly relevant and important!  What Service Innovation IS exactly! The innovative application of thought to the delivery of utilities and services is known as Service Innovation . Established programmes can be enhanced, or entirely new services can be created. Consumer-centric : Service innovation focuses on identifying customer desires in order to make services more user-friendly, sustainable, and meaningful. The consumer interface is the main priority. Holistic : The premise behind holistic Service Innovation is that the whole organisation is engaged in the process. As a result, the emphasis is not only on the customer-facing touchpoint, but also on internal business procedures and staff who are critical to the service's operation. Interdisciplinary : Custo

What is Digital Innovation? Digital innovation is an extremely important way to engage with new people and organize internal affairs at better means. Since market conditions develop in new ways every day, you need to catch that pace. Accelerating Digital Innovation helps you achieve this and introduce new products and services into the field.  Why is Accelerating Digital Innovation important? In today's era, it is extremely difficult to think of a company that does not function with the help of digital tools. Digital Innovation: These digital tools can be enhanced and the phone provides better results and increases the efficacy of a business model. According to the latest study conducted, approximately 89% of the major organizations look forward to adapting digital innovation. It was also noted that organizations that did not stick digital innovation at par with the current scenario had to face the consequences.  Keys/Ways to promote accelerate digital innovation Understand the t

Making a career in Innovation has grown as one of the most promising professional fields that many young individuals are leveraging in today’s time. For many professionals and students, getting a postgraduate degree looks like the subsequent reasonable step to promoting their career. Recently, many students are opting for different post-graduation options like pursuing an MBA in Innovation. This is the reason why an MBA degree in innovation has gained a lot of popularity nowadays. Earning a Master’s Degree in Innovation can assist students in building a stable career for the future.   What is Innovation Management? Innovation Management is a business field that promotes and fosters organizational innovation and involves methods that help the industries strategically. Doing a Post Graduate Program in Innovation Management at the university level will equip you to determine the prevalent difficulties businesses meet to favourably innovate, whether that business is an established company,

Career options nowadays are not just limited to the conventional professions like being an engineer, doctor or lawyer. With technological advancements, the modern world is moving fast, and people are now exploring some out of the box career options like Masters in Design.  An MSC in Design Thinking is something that many young individuals are fancying in the current times. One of the fascinating features of studying and getting an MBA in Design Management Degree can provide students with an extensive assortment of job opportunities to pursue right after earning a degree.  Reasons why you should get a Master's Degree in Design A career in design allows students to focus on their interest in designing with no limit to ideas and thoughts. Earlier, there were not many institutes offering design courses other than the limited course options offered by the government institutes. However, with the advent of time and students' interest in design fields, numerous institutes are now offe

61% of the respondents in a survey by PwC’s innovation benchmark revealed their inclination towards innovation at the workplace. This clearly indicates the importance of innovation for employees. But have you ever wondered how is employee innovation a progressive step towards your business development?  Well, there are many perks of integrating employee innovation at your workspace other than increased staff retention and profitability. This involves supporting the latest technological innovations, staff efficiency improvement and changing the way to support business via the employee innovation program . Many organizations also carry out various activities to encourage innovation in the workspace and create an excellent environment. Some of these strategies to increase Employee Innovation are -  Bring in employee diversity:  The first step towards innovation is creating a diverse working environment. Your hiring approach needs to be more selective and unique if you wish to have innovat

 Innovation and creativity at work are essential aspects of today’s business world.  A culture of innovation refers to an environment that aids creative thinking for innovation to gain more economic and social value for digital business innovation and transformation. Digital business innovation and transformation refer to new and digital transformation processes to reimage the business and meet consumer requirements. Digital innovation could be observed at work through various automated systems introduced in recent times, like chatbots, HR Payrolls, and the internet. Thus, in this world of cut-throat competition, the only choice left in front of you is to either adapt or die. So, in order to build a culture of innovation and foster digital innovation and transformation , an organisation could adopt the following practices:  Identify the problematic core areas: To adopt a culture different from the existing ones, the areas that hinder the innovation culture and digital transformation a

Innovation is more of a daily action required for a business to propagate and be successful. In this era of urbanization, it is a daily challenge to grow and innovate. Any business cannot thrive until it has unique concepts and ideology to attract potential customers.  Many businesses and organizations have managed to carry out several activities to encourage innovation among the employees and firm’s ideology. Real-time creativity should be part of the business environment with constant motivation to do better and something that would interest the clients or customers. If you are also planning to encourage innovation at the workplace, we have got you covered. The following activities will aid in promoting innovation at the workplace -  Market Adjacencies: Adjacencies can be understood as the potential segment of the market for the business to consider. It represents the new and latest products and ideas that are related to the company. The major prospect of business model innovation i