INNOVATION & CREATION (CHANNELS TELVISION NIGERIA) by A.I. Innovation is the creation of better or more effective products, processes, services, technologies, or ideas that are accepted by markets, governments, and society. Innovation differs from invention in that innovation refers to
Technology Innovation Group Report Cultural differences in innovation management April 1st D. Solntseva D. Polyakov D. Prorok K. Filimonova MIB 2013 GSOM SpbSU TABLE OF CONTENTS. EXECUTIVE SUMMARY... 2 1. INNOVATION AND NATIONAL CULTURE.. 2 1.1 Italy.. 2 1.2 France.. 4 1.3 Germany... 5 1.4 The USA...
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Governments play an important role in business innovation.’
Discuss in relation to two sectors
Government’s role in business innovation:2
Innovation is essential to distinguish one’s contribution to find and fill untapped areas in the market, and to keep up with increasing efficiency of competitors (Pinchot and Pellman, 1999).
One has to innovate quicker just to keep oneself in position. In this developing world, innovation is playing a very important role for a country to sustain its growth and acquire great heights (Pinchot and Pellman, 1999). So now organizations have realized the significance of innovation to gain competitive advantage. These days the urge to innovation is growing rapidly.
Organizations that innovate tend to outlive and grow faster (Business.gov.in, 2015). More and more businesses are involving themselves in different innovative activities like process of manufacturing, improving products, brand building, customer satisfaction, supply chain management etc. to find the most effective way of innovation which can also provide an opening in finding new markets quicker and deeper (Wessner, 1999).
Innovation has always been, and will continue to be, a significant driver of development and economic prosperity. Huge bodies of studies points out innovative economies are more productive and are having rapid growth (Miller, 1986).
They bring higher profits on investment and better living standards. It improves health and welfare and helps us to address crucial challenges facing society such as ensuring viable energy and hygienic food safety. Pushing forward the boundaries of knowledge and development and exploitation of new technologies is central to the Government’s Industrial Strategy .....[read full text]
The promotion of innovation is the important agenda of the EU after the Lisbon summit of 2000 (Farrell, 2012). The American government has various policies for the betterment of the health sector as well as for encouraging the innovation in the same. The National Institute of health support the pharmaceutical manufactures for the biomedical research that leads to the invention of new drugs (Field, 2015).
American healthcare industry could be described as a unfettered market-based system (Field, 2015). This market-based system is developed as a result of the support of the government bodies in America. In UK the NHS plays an important role in innovation in health care. The open innovation is one of the major milestones in the path of innovation in the health sector .....