Title: Principles of Innovation - MITID Innovation
1Key Principles for Maximizing Innovation in Your
Organization MITID Innovation
2 Innovation is the key to the success of modern
businesses. An organization needs to walk on the
path of innovation as the modern world requires a
modern solution. According to the Lab42
Innovation Survey, 84 of respondents of the
survey said that it is very important that the
company they buy from should be
innovative. Innovation helps a company to achieve
heights that they could not achieve with
conventional methods.
3Innovation is the need of the hour as customers
today demand products with a modern design that
meets all the peoples future needs. These are
some of the principles of innovation that an
organization can adopt
4Look for Innovation Everywhere in the Organization
Organizational innovation should not be limited
to a certain number of people. Everyone should
think of innovative ideas, and everything should
inspire to be an idea. The organization could
implement these ideas as they might be truly
unique and give an edge over the competitors if
successful.
5Use Differences as a Leverage
Every organization consists of people belonging
to different regions, cultures, languages, ages,
and gender. Instead of using differences as a
means of division, these differences could be
used as a productive means to understand an
insight or technology from a wider viewpoint.
This will give a better way to implement the
innovations in an organization.
6Use a Proper System to Implement Innovation Model
Every organization should have a proper system
designated to implement innovative ideas. These
systems would provide a proper pathway to
implement innovative ideas in the organization.
It may be taking place outside established
channels (informal) or under the leadership
(formal).
7This system should contain interrelated elements,
monitor regular performance, evaluate them, and
suggest improvements. A proper system is one of
the principles of innovation that will
revolutionize your organization.
8Leaders Should be Future-Focused
Leaders in an organization should have a tinge of
curiosity and courage. It applies to leaders at
all levels of an organization. Leaders should be
more challenge-driven and attempt to change the
status quo of their companies. Their vision to
inspire everyone will engage people more
effectively in the achievement of their names.
9More Focus on Consumer Needs
The major goal of innovation in an organization
is its acceptance by the customers. If innovation
is accepted by the customer, success in an
organization is very likely to follow.
10Every organization desire to be successful. This
success will create a revolution inside with
happier employees and outside with social
advancements. There is no denying that innovation
is the spice that will add flavour to your
organization. Organizational innovation will help
an organization create a revolution in their
respective field that will change their
organizations destiny.
11It is difficult for an organization to survive in
modern times without innovation. Therefore, one
needs to breakdown the complexity of the business
environment to innovation as a part of an
organization. Comprehending the same, many
institutions offer several courses pertaining
to organizational innovation, which are known to
excel in the knowledge and exposure they provide.
12MIT ID Innovation is one such elite educational
institution. If excellence and quality are your
aspirations, MIT ID Innovation Programme is the
choice you should make to extend your horizons.
13Conclusion
MIT ID Innovation Programme curates knowledge and
experiences that challenge the very paradigm of
evolution. And that's why we have set out to
define the future of industries, communities,
cities and ecosystems. MIT ID Innovation offers
the best Courses in Innovation.
14Wed love to hear
from you.
- MIT INSTITUTE OF DESIGNRajbaug,, Loni-Kalbhor,
Pune-412201
- 91-7038982225 / 91 9834092369
- innovation_at_mitid.edu.in