The Importance Of Managing Innovation

Decent Essays
Today’s 21st century has evolved tremendously and has become more advanced and sophisticated. In fact, the 21st century has placed such an emphasis on innovation and creativity that it has led to the creation of today’s information age. Innovation has inspired businesses to adapt and evolve, especially to meet consumer’s demand, operate more effectively and efficiently, as well as maintain the competitive advantage. However, adopting these new technological challenges and innovative ideas is not the only thing that businesses must adapt to; businesses must also learn how to properly manage these new innovations. That being the case, managing innovation is essential in today’s business industry, especially since it plays a significant role in promoting technological and institutional innovation. Not to mention, achieving success. Therefore, considering the significance of managing innovation, it is essential for entrepreneurs and society alike, to educate themselves on how to effectively manage innovation. That said, one will, in this paper discuss the most important lesson learned from the course Strategies for Change. …show more content…
This book encompasses the overall aspect of innovation and what it entails to manage innovation in an effective manner. For instance, it introduces and educates readers on innovation, its significance, its process and development, and how to effectively manage it. In general, through this book and course, one can comprehend the significance of adapting and accepting innovations, as well as proper management, as it provides several strategies that can successfully be incorporated in to any business. On that account, one can admit that although this course is challenging, it is exceedingly

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