StudentShare solutions
Triangle menu

Innovation and development - Essay Example

Innovation is the only strongest weapon that helps an organization or an entrepreneur to develop a strong identity in the market among other rival players. Other than this, it might also be used to develop a huge brand image and equity in the market so as to retain its sustainability in the market among others. Side by side, innovation also acts as the latest buzzword among the corporate organizations such as Google, Apple Inc, Procter & Gamble that helps these companies to remain in the headlines of the newspapers and business articles. Due to which, the reputation and fame of the organization also gets enhanced to a certain extent as compared to others. This might be possible only by gratifying the changing requirements and demands of the customers by presenting them varied types of inventive solutions or products. Thus, innovation is the development or creation of new products, services and technologies that might fulfil the changing needs of the market as well as improve the competitive image of the organization. ...
Similarly, according to the manager or leader of Apple Inc, Mr. Steve Jobs, innovation means enhancement of the inner morale of the employees that might prove effective in improving organizational portfolio in future. This might be possible only by improving the level of performance of the employees thereby amplifying the productivity and brand value of the organization in the market. Role of innovation in organization and business In business and organizations, innovation acts as the catalyst for the development of inventive products, services or ideas. This might be possible only if the dedication power of the employees is extremely high as compared to others. However, in order to do so, the management of the organization need to enhance the level of motivation and team spirit of the employees thereby recuperating the growth and profit margin of the organization. Side by side, the market share and brand value of the organization might also get enhanced among other rival players as witnessed in case of Apple Inc. Mr. Steve Jobs the most unconventional leader of Apple Inc became successful in convincing Wozniak as well as many other employees to support him in the development of computers in Apple Inc. This proved extremely beneficial for the organization of Apple Inc in future era that amplified its recognition and status in this competitive market among other contenders. Therefore, the entire credit for such an innovation of Apple Inc is mainly due to the best performance of its employees. Thus, employees of the organization are directly related with the concepts and ideas of innovation. Hence, it might be stated that innovation acts as the guiding forces that amplifies the efficiency and effectiveness of the organization ...Show more


Innovation and Development Table of Contents Table of Contents 2 Introduction 3 Definition of Innovation 3 Role of innovation in organization and business 4 Discussions 5 Theory of Innovation 5 Changes in the demands of the customer needs and wants 6 How Development of New Products Changed Due To Situational Changes 8 Analysis 9 Findings 10 Conclusion and recommendations 11 References 13 Introduction In this age of stiff economic downturn and tough competitive scenario, the definition of innovation is changing at a rapid pace…
Author : lroob
Innovation and development
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Innovation and development"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

New product development and product innovation charter
Therefore, the vital approach to every new product development process is to master the ongoing tastes and preferences of the consumer. Thereafter, a company will have the ability to establish the product innovation charter in relation to its goods and the market.
10 pages (2500 words) Essay
Relationship between Entrepreneurship, Innovation and Economic Development
Hence, economy can be broadly described in terms of constructive production that leads to development of society and nations. The various tenets of economic development focus on people’s welfare and promote employment by supporting market led business activities through available resources, including human capital, to help in development of society.
6 pages (1500 words) Essay
Relationship between Entrepreneurship, Innovation and Economic Development
From individual level to organizational level to the national level, everyone seeks some level of economic development. Once economic development comes about, it is expected that the general wellbeing of people will improve. With economic development, people are able to access not their needs but also to a very large extent, their wants also.
6 pages (1500 words) Essay
Relationship between Entrepreneurship, Innovation and Economic Development
If one takes into consideration the economic developments wrenched in the last three decades, one notices a significant breakthrough as to studying the relationship between knowledge and economic growth on one hand and between innovation and economic growth on the other hand.
6 pages (1500 words) Essay
Enterpreneurship, Innovation and Economic Development
All job adverts require innovative and creative individuals. Institutions offer entrepreneurship lessons as part of their curriculum. These terms have transformed the business world. No single business wants to remain at the same place as the there is stiff competition.
6 pages (1500 words) Essay
Entrepreneurship, innovation, economic development, and sustainability
This essay focuses on uncovering of the interaction mechanism between entrepreneurship, innovation, development and sustainability. Entrepreneurship and development have a cause and effect relationship with each other that runs both ways. Entrepreneurship causes sustainable economic development and economic development causes entrepreneurship.
3 pages (750 words) Essay
Innovation and New Product Development: Essay
These benefits can be both tangible and intangible. Tangible benefits include for example clean skin with the use of soap and tastier food with the use of ketchup. Intangible benefits on the other hand create an emotional connect for the consumer; these include the ambience of a certain restaurant and the relaxation and comfort associated with buying the right mattress.
10 pages (2500 words) Essay
Innovation and New Product Development:
Very substantial studies are available to prove this point of view; our concern is, by sifting through the studies and by citing different firms', who have been successful by introducing new product or a new process in the market, to prove this standpoint.
4 pages (1000 words) Essay
Innovation and Development
This is the case of the United Nations. The path to a widespread development is not easy in any way. The United Nations do their best to find solutions, but the causes behind poverty and lack of development are very complex. A logical solution lies in improving the education level in the developing countries.
12 pages (3000 words) Essay
Innovation Research & Development And Growth
However, due to lack of proper implementation, various acquisitions failed to realize their targets which led to poor performance. Recently, there are some trends that emerged to drive innovation process to success. Contemporary consumers are
12 pages (3000 words) Essay
Comments (0)
Click to create a comment
Let us find you another Essay on topic Innovation and development for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
Join us:
Contact Us