Organizations who perceive and act upon the possibilities and opportunities for change through innovation in the current uncertain and volatile, business environment will not only survive; they will effectively compete and even thrive in the face of the range of emerging unfavorable and fluctuating economic and business conditions.
They will use innovation as a systemic, strategic, and technological lever for developing accountable business management processes agile innovation cultures, and international industry eco-systems. Doing this will make sure that their individuals develop the ingenious confidence; the belief and self assurance and the ability to come up with imaginative ideas and the courage to try them out, and join forces to affect the desired changes in the world around them.
Having a sense of urgent necessity and being passionate making innovation a strategic and visionary and a systemic lever to effect business changes, breakthroughs, competitiveness, value and growth enables organizations to flourish and prosper in the age of disruption. Business entrepreneur like Radha Singh will use innovationas the unsettling change mechanism to surpass their competitors, and create new markets by creating enhanced customers’ experiences.
This facilitates them to attain a range of key business outcomes including;
- Inspiring and engaging people to tap into the power of the in-house crowd, and empower people to invent, create and innovate new processes, products and services.
- Improving bottom line results and achieving business growth goals.
- Increasing their ROI to shareholders.
- Increasing business value making the business profitable to shareholders, mergers and acquisitions.
- Making efficiency and productivity gains to increase profitability.
- Responding quickly by developing the internal capability in both technology and human resources to alter direction and do things in a different way.
The first thing about comprehending innovation is that it is, in essence about perceiving, seeing and solving problems in artistic ways! It requires a sense of visionary dreaming and vital passionate purpose and thinking to play with solving irreverent problems so as to develop the quality of people lives and the way they live.
The progress of digitization enabled largely by the internet of things has created the sharing and connection of data between digital devices, ranging from domestic devices and heating systems to even automobiles. This resulting aggregation and the connectivity of data is creating entirely new revenue streams and business models, both for start-ups and established companies that leverage existing assets in profitable, exciting new ways. The increasing accessibility and availability to free and low cost online education is enabling and encouraging almost anybody with a desire for learning and a hunger for knowledge to become subject matter specialists in their fields.
By creating services and products that people cherish and value, by spanning generational and maximizing demographic diversity, by effectively using technology, and by creating creative, collaborative and courageous work environments. This is the modern age of innovative entrepreneurs like Radha Singh NJ who use innovation, co-create and envision new, impudent and abundant blue oceans who know how to be singular, think and act differently to make the divergence they want to make in the world in ways that people value and treasure.