Innovation Management

ICIMP-2018 | SPECIAL ISSUE | SEP-2018 | Published Online: 03 October 2018    PDF ( 252 KB )
Author(s)
Dr. R.Saranya Devi 1

1Assistant professor, Dept of commerce with computer application, Rajapalayam Rajus’ College, Rajapalayam (India)

Abstract

Innovation is both a necessary means and a desirable end for businesses in a fast moving global economy. It is about managing a process that delivers either new products and services to the customers, efficiently, effectively and faster than the competition, or about enhancing the delivery of existing products and services by process improvement. Generally innovation involves managing a complex mix of procedures in a context that often conditions the way the end result will be achieved. Innovation management is a combination of the management of innovation processes, and change management. Innovation management is the active organisation, control and execution of processes, activities, and policies that lead to the of substantial new value for customers and the firm by creatively changing one or more dimensions of the business system.

Keywords
Modernization, Innovation, Training, Development, Learning, Education
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