"One must be God to distinguish successes from failures" Anton Chekov.
Most businesses continue to struggle by approaching highly dynamic markets with risk aversion as their primary guide. Yet, in recent times, the organisations that have continually outperformed the pack are perennial risk takers. They are the innovators. When it comes to innovation, it becomes impossible to distinguish success from failure.
Innovation is coming up with a new idea and turning it into an effective process, a new product or service. The implementation of creativity and innovation in business is likely to incorporate success and help you stand competitiveness in the market. Innovation can be referred to as something new or introduced differently and has impact on market or society.Continue Reading
A lot has been written over the years about both public and private sector innovation. Following the wave of managerialist reform in the 1980s and 90s it has been widely believed that the Public Sector could improve its innovation performance by looking to the Private sector. That is not the conclusion we drew from a recent comparative study of Private Sector CEOs and Public sector heads of agencies experience of innovation.Continue Reading