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Innovation is important because an organisation's competitors is innovating, so if an organisation doesn't innovate, it gets left behind.

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Q: Why the Innovation is important in an organization?
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What is fellowforce about?

Fellowforce.com is a Platform for Open Innovation. "The monster.com for Innovation" Do you have an organization and challenges? Looking for innovating solutions? Are you an innovator and have solutions to common challenges? Well, Fellowforce.com is a platform to connect innovators and organizations. Any organization worldwide can run innovation challenges or connect via Fellowforce's Innovation Box with their consumers. In other words, the organization posts the challenge, and many innovators start looking for a solution. The one that comes up with a solution sells it to the organization.


Why do you choose innovation?

When you innovate -- you do the action of changing something or applying something new to a community, network or organization. Innovation intends to provide positive change into a society through it's products, ideas and services. You choose innovation because it is what defines your uniqueness to other groups. You choose innovation because you choose to progress, improve, develop.


In todays environment what is more important to organization efficiency or effectiveness?

both are most important for an organization


In your previous experience describe how you influenced senior management in an important decision for the organization?

In your previous experience, describe how you influenced senior management in an important decision for the organization.


Objectives of portfolio management?

best possible returns based on the market. 1.Maximize Value: Every innovation portfolio is constrained by either human or financial resources. Optimizing the risk-adjusted expected commercial value of the innovation pipeline within those constraints is the primary objective of portfolio management. Making better investment decisions increases returns. 2.Achieve Balance: Portfolios should attempt to balance investments and initiatives across a number of dimensions including both risk and reward, but also across product lines, geographically, by phase and launch date, and by innovation type. There are a number of important analyses that will help portfolio review committees answer questions regarding mix and balance in the pipeline. 3.Maintain Alignment: Innovation portfolios should be congruent with the business and innovation strategies articulated by the organization. This starts with the question of whether the pipeline is capable of delivering against the organic growth goals of the organization. We should also be aligning investment individual business unit or product line objectives.

Related questions

Why marketing system is important?

Having a marketing system is very important. This is because the organization and innovation help you to meet the needs of the market.


What is the definition of tactical innovation?

Tactical innovation means to devise new and unique tactics or to improve existing tactics by introducing new ideas. Tactical innovation is an important attribute of field commander or an individual overseeing operations at any level in an organization.


Why is innovation important to forensic scientists?

its important to scientist as the innovation is a newly discoverd reaction


What is fellowforce about?

Fellowforce.com is a Platform for Open Innovation. "The monster.com for Innovation" Do you have an organization and challenges? Looking for innovating solutions? Are you an innovator and have solutions to common challenges? Well, Fellowforce.com is a platform to connect innovators and organizations. Any organization worldwide can run innovation challenges or connect via Fellowforce's Innovation Box with their consumers. In other words, the organization posts the challenge, and many innovators start looking for a solution. The one that comes up with a solution sells it to the organization.


Why is leadership important to an organization?

Leadership is important to an organization because it provides vision, direction, and motivation to the team. Strong leadership influences the company culture, drives organizational goals, and fosters innovation and growth. Effective leaders can inspire and guide employees to reach their full potential and achieve success.


Explain why customer services and innovation are important managers jobs?

it is important because if there is no good service their is no client or no costumer and innovation is the key


What is communication to organization?

Organization and communication factors differed for two contrasting Innovation. Organization must adapt to stay consistent In this society today. Communication defers to parties.


Why is innovation important?

Innovation is important, because it creates new things towards technology and it helps people improve the things we got now days.


What is organization related to communication?

Organization and communication factors differed for two contrasting Innovation. Organization must adapt to stay consistent In this society today. Communication defers to parties.


Why customer service and innovation are important to manager job?

customer in the reason that organization exist, managing the customer relationship is the responsibility of managers and employees. managers should encourage employees to be aware of and act on opportunities for innovation.


Would you say that voting is an invention or innovation?

By definition an innovation is an important invention, so yes, I would say so


What was the most important technological innovation of the Renaissance was?

printing press