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Innovation is an idea that has become a practical reality. For a company, it is a product, process or concept or business combination that has been activated in the market and brings new profits and growth to the organization. I distinguish radical and disruptive innovations from incremental innovations, as the latter can happen if the company is simply good at what it is already doing. True innovation is much more than an extension of what is usually done, and although they differ, they take advantage of the opportunities that exist within the company or are complemented by strategic alliances. So something is new, not just because it is new to this company, but simply because it is new.
Innovation is the process of bringing new ideas, new methods, or new products to an organization. Unfortunately, in the past in America, innovation was limited to finding the “big” idea to make the organization more competitive. It seems that management is always looking for a “miracle solution”, a new “I Phone, etc.”, while the real innovation is that each employee looks around their work area to identify small problems around them and gain authority and responsibility for its solution. solve them. The average Japanese company gets 24 ideas per employee per year and saves $ 4,000 per employee. This process of engaging all employees in continuous improvement will lead to daily improvements in quality and productivity, and wonderful business ideas will miraculously “float”.