Essentials of Innovation

June 2, 2017

We

live in the atmosphere of ever changing business landscape, where innovation plays an integral role in keeping your business relevant.

As said by Steve Jobs, The visionary founder and CEO of Apple

‘’ Innovation distinguishes between a leader and a follower ‘’,

For small and medium size companies, Innovation is of utmost importance, why ? because without innovation they simply cannot make a cut.

Since innovation is a complex, company-wide endeavor, it requires a set of crosscutting practices and processes to structure, organize, and encourage it. Taken together, the essentials described in this article constitute just such an operating system, These often overlapping, iterative, and nonsequential practices resist systematic categorization but can nonetheless be thought of in two groups. The first four, which are strategic and creative in nature, help set and prioritize the terms and conditions under which innovation is more likely to thrive. They Elucidate , how to deliver and organize for innovation repeatedly over time and with enough value to contribute meaningfully to overall performance.

  1. Aspire
  2. Choose
  3. Discover
  4. Evolve

Why Innovation is Important for small and Medium size companies and how Nettech Ltd has innovated ?

Nettech was founded in 1999, with a simple aim of innovation and innovative disciplines. With 17 years gone, Nettech ltd has done over 25000 projects, With estimated earnings of £1.5 Million.  Why Nettech has survived and others didnt ? Simple four step strategy Aspire, Choose, Discover and Evolve. All these four words are interlated and Innovation or innovative disruption simply cannot work without these benchmark words.

To be sure, there’s no proven formula for success, particularly when it comes to innovation. While our years of client-service experience provide strong indicators for the existence of a causal relationship between the attributes that survey respondents reported and the innovations of the companies we studied, the statistics described here can only prove correlation. Yet we firmly believe that if companies assimilate and apply these essentials—in their own way, in accordance with their particular context, capabilities, organizational culture, and appetite for risk—they will improve the likelihood that they, too, can rekindle the lost spark of innovation. In the digital age, the pace of change has gone into hyperspeed, so companies must get these strategic, creative, executional, and organizational factors right to innovate successfully.

Companies do not easily reinvent themselves as leading innovators. Having Experienced this at Nettech we completely understand why it is important to keep a start up mentality. For companies, Too many fixed routines and cultural factors can get in the way. For those that do make the attempt, innovation excellence is often built in a multiyear effort that touches most, if not all, parts of the organization. Our experience and research suggest that any company looking to make this journey will maximize its probability of success by closely studying and appropriately assimilating the leading practices of high-performing innovators. Taken together, these form an essential operating system for innovation within a company’s organizational structure and culture.

Sunwest Solutions, has over 11 years of experience in Software development and are one of the most promininent proponent of innovation and innovative disruption.

For more info please visit www.sunwestsolutions.co.uk

By | 2017-10-07T10:07:17+00:00 July 22nd, 2016|Latest Articles|