Creative Innovation - MIT ID Innovation

1
Discover Strategies and Techniques for Creative
Innovation MITID Innovation
2
Creative innovation is a technique of turning new
ideas into commercial success. A recent Lab2
innovation survey revealed that 84 of
respondents believe that it is remarkably
important that the company they trade from is
innovative. Hence, it's essential to be
innovative to satisfy customers and adapt to
external challenges quickly. Therefore, we have
mentioned some strategies that businesses can opt
to bring innovation culture in their workplace -
3
Be Curious and Gather More Information
Market chiefs can't act as market leaders unless
curiosity to learn and gather new information is
not their thing. A leader must keep his eyes open
to identify current market trends, spot new
opportunities, be aware of their competitor's
Strategies.
4
Having a good archive, interaction with partners
in workshops and seminars, conferences, trade
meetings, etc., will keep the company up to
date.
5
Recognize Innovation Opportunities
Acknowledging why a product is not doing well in
the market and among existing customers will lead
you to innovate the product idea and check what
works for its successful sale. Understanding why
customers might be attracted to your rival
company will lead you to think of better
offerings for your consumers than what they are
receiving from other companies.
6
Look Broader, Beyond the Industry, For Ideas
Most often, the promising ideas for your
innovation framework need not originate from your
own industry but from other industries. For
example, Henry Ford started the concept of moving
assembly lines after being inspired by the meat
processing industry, which changed the entire
dynamics of the automobile industry in terms of
deployment and labour volumes. 
7
Foster an Innovative Environment
Is your business open to adapt changes or want to
do business in an old-fashioned way? If the top
administration is not flexible to change, it will
go down the hierarchy, and innovative concepts
won't come up. The innovation team must have
frequent meetings to carry brainstorming sessions.

8
Innovative Need not be About Products but the
Workplace Also
Most people relate innovation to the development
of a new product. Still, they fail to recognize
that the association's better practices and
processes can boost the firm's profits and
productivity. A poor workplace atmosphere leads
to lower motivated employees, hence results in
lower outcomes for the firm.
9
The workplace should not have dull walls and
cubicles. Offices can have play areas, open
kitchens, coffee bars, creches, libraries, themed
conference rooms, and several other innovations
to give workers a happy environment to boost
productivity.
10
Run a Contest, Scout for Ideas From College
Young minds undoubtedly thrive in creativity.
Students can be a company's best advisors on how
to sell their products innovatively. Some
companies do run contests for the public or in
colleges, offering monetary rewards. The best
ideas can get licensed and commercialized.
11
These are the strategies and techniques for
creative innovation that will help to bring
innovation culture in your workplace. Innovation
is not just for start-ups but also market
leaders. Innovation can occur in any association
where the cultural mindset is pitched to
discovering solutions to problems creatively.
Thats where an educational institution's role
comes to fosters the students to be more
innovative and take their companies to heights.
12
With a curriculum specially designed as per
industry requirements to tickle innovation, MIT
ID Innovation is one such leading institution
that strives to achieve the best in students. So,
if you are looking for an elite institution, MIT
ID Innovation is a worthy investment.
13
Conclusion
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 Innovation Courses.
14
Wed love to hear
from you.

• MIT INSTITUTE OF DESIGNRajbaug,, Loni-Kalbhor,
  Pune-412201

• 91-7038982225 / 91 9834092369

• innovation_at_mitid.edu.in