Pankaj Deshpande

In a world that is drastically transforming itself, there is no discovery that the corporate world is also changing. According to Forbes' Technology Council members, they predict that 13 jobs will be automated by 2030. Who knows, machines could be achieving at least 70% of jobs that people perform now by the year 2050. But that is years beyond our time, and the only way to move along with today's fast-paced modernized domain is to acquire some innovation leadership skills.  What Is Innovation Leadership? Innovation leadership is an expression where businesses adopt different methods to create authentic first-of-its-kind kind products and services. Innovation leadership strives to achieve a specific creative goal that changes according to their customers' needs.  Effects of Innovative Leadership at the workplace The workplace benefits from the extra creativity of the employees since they are motivated to take risks. Harvard business review shows that employees feel psycholo...

Necessity is said to be the mother of inventions but isn’t innovation an important part too? Novel ideas and even concepts are being introduced in the market day in and out. People are more attracted to things they have not seen or experienced before; people need innovation! If ‘basic need’ were the only requirement of humans, there wouldn’t be a variety of concepts and competition in the market.  Did you know? About forty percent of the leaders and entrepreneurs in the United Kingdom fail because they fear their ideas. But, you can’t succeed if you don’t start. So, let us look at some product innovation ideas that you need to know.  Latest product innovation ideas A pillow that is meant to hold your tablet  Don’t you feel tired of holding that tablet in your hands for a long period of time? Would you not feel comfortable grabbing and hugging a pillow instead? A pillow tablet does that. It allows you to feel comfortable attending a long and boring online lecture or watch...

In an ever-growing and competitive world, creativity is the best tool for success. But it should be properly utilized. Without good management companies will find a decrease in their profits, even if they have good creative ventures. This blog aims to introduce and explain the very significant topic of creativity and innovation management .  What is creativity and innovation management? It is a tool that fills the gap between the theory and practical applications of organizing imagination and innovation.  It is a tool that gives managers insights into introducing innovation within their organizations. It also helps in boosting the development of the creative performance in their staff. 94% of managers look for creativity while enrolling candidates.  There are five pillars in creativity and innovation management. These are: Communication : Make it clear how much you/the company values innovation. Create an innovative platform where everyone can brainstorm and share their i...

Today, innovation is much more than just new technologies, products, creations, or methodologies. It is about the interconnection between a product and a user, between a person possessing the ability to create wonders with the ecosystem. The two seemingly unrelated words, “marketing” and “innovation,” have a significant connection that is almost very disadvantageous to ignore. They serve as collateral assets to each other; an innovation needs amazing marketing to succeed, while marketing needs innovation for the success of its products. Marketing Innovation , thus, is the need of the hour to dive into the constantly changing world with the progress each day that does not see the sky as its limit.  What exactly is meant by Marketing Innovation? The only constant thing in the world is change, and marketing innovation is the best way of implementing this into reality. With significant changes in product design, management, packaging, promotion, placement, and pricing, marketing innova...

How amazing it is being able to form ideas and concepts through the genius of the human brain. This process is termed as the Innovation Process. The most interesting thing about innovation is, in fact, being able to turn an idea into a successful project. However, the innovation process is a complex process. What is Innovation? The Innovation Process is the structure that ensures your innovation team has novel ideas and the ability to successfully implement them. With the innovation process, you have a strategy that compels you to drag it all the way to the finish. It also increases the efficiency of actions, as it places innovation that is continuous.  Importance of the Innovation Process Ensures business survival : Some companies have been on the market for years and, therefore, remain in their comfort zone. Meanwhile, other businesses are investing in the Innovation Process to meet the current needs of the consuming public.  Organizes internal processes : Innovation manage...

Definition of Innovation and Invention The actual development of a new concept or theory is known as invention. It is described as the creation of a concept for doing or doing something without first confirming that it works or is commercially useful. Invention is impossible without creativity, but creativity alone is insufficient to successfully create an idea. In the industry, innovation binds everything together. The impacts of having a strongly aligned innovation strategy (with the overall company plan) and a pro-innovation culture on the growth of the enterprise's value were explored in a Booz & Co. research, which found a 30% improvement over businesses that didn't have both. Innovation entails commercialising an invention and promoting its widespread adoption. This is the point at which big ideas, after they've been fully created, are presented to the public. But despite all this, according to a survey by McKinsey Global Innovation, 84% of executives think that i...

 What is Disruptive Digital Technology? Disruptive digital technology is an innovation that disrupts and supersedes the existing technology, thereby significantly altering the pattern of the operations of industries, business enterprises, or consumer behavior with its superior attributes. This term disruptive technology was defined and popularized by Clayton M Christensen in 1997. History has witnessed the evolution of disruptive technologies from time to time. Think of how the intervention of digital imaging displaced the conventional Kodak films. Likewise, economies get disrupted by such innovations and tend to adapt and evolve in due course. The change is inevitable. Technologies keep changing, so is our way of life.  Disruptive digital technologies for tomorrow: Disruptive digital technology is transforming every industry. Microsensors, ‘smart’ gadgets, A.I., nanomaterials, and cloud computing are innovative technologies transforming the world. Let’s take a look at five di...