Pankaj Deshpande

Innovation is crucial in today's world for personal and professional growth. With the increasing reliance on creativity in various job sectors, obtaining a certificate in innovation has become essential to become an expert in the field. Luckily, in India, MIT ID Innovation is a renowned institute that offers certification courses as well as post-graduation programs in innovation. Whether you're interested in technical or medical innovation, acquiring a certificate in innovation from MIT ID Innovation can empower you with advanced knowledge and skills. In this blog post, we will explore the certification programs offered by MIT ID Innovation and highlight the benefits of pursuing a certificate in innovation. Certificate in Innovation offered by MIT ID Innovation Getting a certificate in Innovation is a powerful tool for gaining essential and advanced knowledge in the field of innovation and technology. An individual with expertise in innovation can introduce new and groundbreak

In recent times, the concept of social innovation has gained significant prominence, as individuals step beyond societal norms to bring about positive change for the masses. Aspiring students are increasingly drawn to courses in social innovation, eager to explore the various types of social innovation prevalent today. Their motivation stems from a deep desire to make a profound and unprecedented impact on the world. Before embarking on a journey of innovation, let us delve into the true meaning of social innovation. What Defines Social Innovation? Social innovation revolves around the creation of groundbreaking ideas aimed at driving change and solving problems through diverse mediums. It entails utilizing creativity to seek solutions that enhance the overall well-being of people. By embracing different perspectives from both the affected and those aspiring to create an impact, social innovation fosters the development of ingenious and imaginative solutions. This transformative proces

Service innovation, a concept often overlooked and misunderstood, holds immense potential for those operating within the business sector. If you are curious to delve deeper into this fascinating topic, buckle up as we embark on a journey to unravel the intricacies of service innovation. Understanding the Concept of Service Innovation Process The service innovation process encompasses various aspects, such as the development of new or improved service products and innovation within service delivery. While service products may incorporate technological features, they are distinct from "technological innovation." Service design and the creation of new services are closely intertwined with this notion of the service innovation process . It involves innovative approaches to planning and creating services, be it through service delivery system advancements or service product innovations. These innovations can be technology-driven, technique-based, expertise-driven, or even involve

Product innovation is a pivotal driver of business growth, encompassing the development of new products and enhancements to existing ones to expand their applications. This article explores remarkable examples of product innovators who have revolutionized their industries. From Samsung's diverse collaborations to Lego's community-driven product creation and Mozilla's motivating open-source community, we delve into how these companies harnessed innovation to achieve remarkable success. Product Innovation Examples Here are a few product innovation examples that shine best in the business world: 1. Samsung: Embracing Diverse Collaborations Samsung, renowned globally as one of the most innovative corporations, has demonstrated its commitment to product innovation despite facing plagiarism accusations. By engaging in partnerships, Samsung consistently adds new features and connections to their existing product lineup. These collaborations not only generate revenue but also prov

Innovation is widely recognized as the key to enhancing productivity, fostering development, and improving living conditions. It generates employment opportunities, generates income, and positively impacts people's lives by creating valuable products and services. Generally, innovation emerges from the deliberate pursuit of advantages, which is acknowledged as the wellspring of innovation. Oftentimes, innovation is mistaken for advancement. While innovation involves creating new things, advancement is focused on designing effective implementation strategies. Throughout history, numerous companies have come up with ingenious innovations or products but failed to bring them to the market. 7 Different Sources of Innovation Here are seven sources of innovation proposed by renowned management guru Peter F. Drucker in his book " Innovation and Entrepreneurship ." The Unexpected  Innovations can occur unexpectedly and by chance. A groundbreaking idea or product can be stumbled u

Disruptive strategy alludes to the innovation that changes expensive or exceptionally sophisticated products or services—already available to a top-of-the-line or more gifted portion of customers—to those that are more reasonable and open to a more extensive population. This change disrupts the market by uprooting long-standing, established contenders.  It requires empowering technology, an inventive plan of action, and a conscious worth organization. It isn't the most common way of improving or upgrading items for a similar target group; instead, it includes the technology used to make them simple to use and accessible to the bigger, non-targeted market.  Clayton Christensen popularized the possibility of disruptive strategy in the book ‘The Innovator's Solution’, which developed his ‘The Innovator's Dilemma’ published in 1997. Importance of Disruptive Strategy The need to accept the fundamentals of disruptive strategy isn't only for those grounded businesses. Platfor

Digital technologies have progressed quite rapidly than any innovation in our history – reaching around half of the global population in two decades and changing civilizations. It has improved connectivity, financial services, and trade services; technology can be a great counterbalance.  For example, AI in the health sector can be used to diagnose diseases, cure patients, extend longevity, and even save lives. In the education sector, distance learning and online learning environments have created programs for students.  Public services are also available and responsible across blockchain systems and not arduous because of AI support.   5 Technologies that can accelerate innovation Here are some of the latest technologies that can help accelerate innovation in the future: Artificial Intelligence: Artificial Intelligence is one of the prime emerging technologies because of its considerable influence on how we work, live, and do things. AI is prominent because of navigation apps, image