Innovation Archive

15 KEY CHARACTERISTICS OF SUCCESSFUL ENTREPRENEURS

There are no hard and fast parameters to gauge entrepreneurship for business excellence. The characteristic of successful entrepreneurs that are commonly observed in leading successful entrepreneurs in the entire world are grouped in a list.  An entrepreneur starts their business, manage it and grow it by showing initiative, having strong imagination, and taking risks to excel. 1.      IMAGINATION Einstein said “Imagination is more …

INNOVATION AND 4Ps OF INNOVATION

INNOVATION Innovation is a sound of every corner. What may be new and radical for someone, may be old news for others. Despite this subjectivity in identifying and classifying innovation, there has been valuable work in thinking about the focus of different innovation processes, guided by the question: what is it that innovation processes seek to change and improve? INNOVATION 4P MODEL The ‘4Ps’ model …

Exploring Linkage of Quality Management to Innovation

In modern age the focus is shifting from quality as a competitive tool to innovation. The question arise “is quality dead?”. Mostly quality professional believes that quality will always be critical but the innovation is the way to improve competitiveness. It is most important for organization to manage both. According to McAdam Quality is doing things better and innovation is doing things differently. The organization …