University of PhoenixJanuary 19, 2010IntroductionBusinesses rely on several factors to st invention melodic line, tour in business and compete with other businesses. These factors include staff much(prenominal) as managers and employees, consumers, the market, economy, and environ affable aspects. Innovation can keep a business current and differentiate itself from the competition. creative thinking and flesh dissolution important roles during the vicissitude process. This paper allow for describe blueprint, creativity, and design. It will explain the business implications and identify similarities and differences. InnovationWhat is innovation and how does it concord to business? According to BusinessDictionary (2010), innovation is the process of applying ideas, imagination and opening night to name refreshing productions. Innovation is typically ge freighter to a precise product that will fill a customer?s need and provide measurable forces on the business? perfo rmance. forthwith innovation has taken over a previous marches once known as ?new product instruction? (Stamm, 2003). There are different categories and levels to innovation and the common categories are product innovation and process innovation. increase innovation is the product that is offered by the company and process innovation is the process of creating the product and how it is distributed to the tar pretend audience. Bettina von Stamm (2003) defines innovation as ?a frame of mind. It is the art of making new connections and continuously intriguing the status quo without ever-changing things for change?s sake.
? Innovation is the result of creativ! ity and implementation. creativity and ImplementationCreativity is defined as ?a mental characteristic that allows a person to think outside of the boxwood which results in modern or different approaches to a ill-tempered task? (BusinessDictionary, 2010). Creativity is an individual act that may be encouraged, trained, and fine tuned; however, it cannot be forced. ?Implementation ? putting ideas into practice ? is make up of troika aspects: idea selection, development, and commercialization?? (Stamm, 2003). If you want to get a extensive essay, order it on our website: OrderCustomPaper.com
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