You are on page 1of 7

It’s in

OUR NATURE
What is
INNOVATION???

Innovation is a process of taking new ideas to


satisfied customers. It is the conversion of new
knowledge into new products and services.
CREATIVITY
and
INNOVATION
are not the same !
FORMS OF INNOVATION

• Radical Innovation

• Incremental Innovation
FORMS OF INNOVATION

Radical Incremental
Innovation Innovation
INNOVATION – MAKING
A DIFFERENCE
INNOVATION
STRATEGIES
• Financial backing to innovation
• Give opportunities to employees
• Skillful recruitment policy
• Information from outside the
organization
• Target being set for innovation
• Employees should be rewarded

You might also like