Why Innovation Matters

Innovation matters because it's the process of inventing things that can be used as a good or service. With the changing economic environment, what matters to customers is changing. When creating something new, most likely customers will try it. There are things you must consider such as management, material, quantiles, colors, prices, the consumers and the competitors when inventing things.

Organizational Change is the creative ideas of a company. Life is all about innovation and change. When creating something new you must be a strong individual who can lead and be productive with your work. There should be different kind of strategies when inventing anything.
Forming committees to work together is also a successful way help with innovation. Powerful …show more content…
Change drive individual transitions and ensure the project meets its intended outcomes. A company will face changes such as inventing new products or changing the company outlook. When making a change in a company it needs to be carefully thought out.
Also keep in mind that some change designs competition. Also set short term goals to improve performance. During the process of change in a company you must test to see if it improved company. Hands on experience when testing reduce uncertainty and accelerate learning and understanding. Creating millstones during innovation gives people a sense of accomplishment and can shorten innovation process by creating a sense of urgency that keeps people task.
Multifunctional teams are composed of people in different departments. Everyone working together as a team also speed innovation through earlier detection of problems needing to be improved. This can also help with learning and understanding tasks. Incremental change is when a company lower the cost and improve functions of a regional dominant design. Generational change is when incremental improvements are dominant. Discontinues change is the phase