Pankaj Deshpande

 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 tr...

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 inn...

In today's world, where the number of problems is on a constant hike, the need for an innovative solution is clearly felt. Innovation for entrepreneurs is a necessity that will help in increasing the loyal customer base for a company. Creativity and innovation skills help in increasing business growth and development prospects for a company. This overall success is owed to creative thinking for innovation . But what exactly are creativity skills and innovation? The ability to generate novel ideas to solve a problem is called creativity skills. Innovation skills could be explained as exploiting new and novel ideas to gain and increase social and economic value. Innovation and creativity skills are now considered essential in every aspect of the workplace. Even innovation and creativity skills are an inseparable part of an employee innovation programme. Therefore, many organisations are adopting various activities to encourage innovation. Some of the activities an organisation could ...

Wondering how to stay productive and progressive in your workplace? Well, innovation is the primary factor responsible for sustaining your position in the market and set you apart from the competition. Not only it improves employee efficiency it also stimulates the overall operations of an organization. For example, regular meetings should be held with them, open debates or discussions should be conducted. This will instil confidence and encourage them to bring innovation and creativity at work .  There is a need to constantly promote the activities to encourage innovation directly proportional to employee engagement in an organization.As estimated via 2020 engagement and modern workplace report by Bonusly, the more engaged employees tend to work 2.9 times more innovatively and actively in their organization. Therefore, if you are looking for ways to be more innovative and creative for your organization, we have listed them down. They are -  Encourage the freshers:  The m...

This era is marked by the rapid progression of Digital Transformation in almost all sectors. It has resulted in a widespread change in customers perspectives and expectations, making it a vital component of a business organization. Therefore, it stresses the need of integrating digital transformation and technology into your business to meet the customer's expectation and increase the overall outcome of the production processes. Digital Business innovation and transformation saves a lot of time, increases efficiency with which an organization works, brings in innovation and engages a more extensive customer base. So, we have mentioned top technologies that can drive digital transformation in business -  Artificial intelligence: Artificial intelligence is superiorly pacing and establishing its roots in the modern world. The biggest examples of AI involve the current market biggies like Alexa.  AI can be used to further personalize the customer's overall experience and reduce th...

The term data-driven is used to describe a business state that uses data in power decision-making and performs activities efficiently. Basically, it is a whole round approach involving the recognition of data that must be managed efficiently, and in a way, it improves your overall business tactics.  Data driven innovation is a key part of any business model this year. It enables the major as well as minor businesses to thrive in the market and have a stronghold in their field. Mainly the reduction in the cost of data storage, collection and processing has resulted in a collection of large volumes of data. It is also commonly referred to as big data.  The proper integration of data, technology and customers successfully establishes the concept of innovation and creativity at work. Data innovation is used in almost every company, namely, supply chain, research and development, target marketing, new goods and services, management, and operations. It also encourages creative thin...

 In simple words, trend-driven innovation can be explained as spotting the latest trends and recognizing whether they are beneficial for their business or not.  Well, it is essential in today's changing world to identify an ideal trend that could stimulate your business's growth and provide highly favourable results. The need for trend-driven innovation is relatively high and significant. It enables a business organization to attract more customers, launch new business strategies and expand its market. It is accomplished by raising the customer's expectation and meeting the new high every time you launch a new product or strategy.  The need for innovation for entrepreneurs has brought a new milestone in every business strategy. Therefore, we have mentioned how trend driven innovation can help a business survive in the competition –  The best part of trend-driven innovation is that it helps in improving your customer's overall experience to a great extent. It is main...