How Innovation and Creativity can Benefit an Organisation, Its Customers, and Stakeholders

Innovation may be linked to positive changes in efficiency, productivity, quality and competitiveness, among other factors. Benefits of innovation could be the improvement in the workforce. By improving the workforce an organisation will benefit from increased productivity and improved morale and lower staff turnover. Employees will feel more valued which therefore increases motivation. This is beneficial to employers because it provides the organisation with knowledgeable, reliable staff who will have a more positive contribution to the needs of the organisation. Staff are a valuable source of innovation, even if it is not expected as a major part of their job. An innovative work environment means being creative and try new techniques. As Albert Einstein said “if you always do what you’ve always done, you will get what you’ve always got.”

Innovations form the main sources of competitive advantages and are always of significance for the growth of a company. Companies or organizations put their greater efforts in improving their performance by finding new ideas and knowledge on the best way of beating their competitors and therefore give satisfaction to their customers. There are various factors involved in the innovation design system which can be either internal or external.

In today’s rapidly changing business environment, the ability to transform obstacles into opportunities can be a firm’s biggest advantage (Samašonok & Leškienė, 2015). As organizations recognize the need to be adaptable, creativity in the workplace has become one of the most important determinants of performance and success (Anderson, Potočnik & Zhou, 2014). To date, even though creativity has been linked to firm performance and survival (Nystrom, 1990), many managers admit that employees have “room to improve” in terms of creativity (Shalley, 2004).

All these advancements in technology were arguably the best effects of the Industrial Revolution, everything seemingly was becoming increasingly larger, faster, and generally improved upon.

Throughout all of human history, advances in technology have sparked changes in society. From the stone tools of the early humans to today’s smartphones, technology has influenced history and helped shape the world to its current form. One historical period that featured significant advances in technology was the Industrial Revolution, which occurred in the 18th and 19th centuries. During this time,

The American industry developed gradually in the first half of the nineteenth century. A sequence of levies sanctioned by the congress between the year 1816 and 1828 safeguarded the manufacturing industry (Johnson, 2012). However, Samuel Morse the inventor of the telegraph system was credited for his successful discovery that brought a great impact to the American culture and expansion as well. This paper

A firm that identifies innovation as a strategic activity is more likely to attract creative workers in search of exciting opportunities in the ‘war over talent’

How did the inventions during the Industrial Revolution contribute to our world as know it? The Industrial Revolution was a period of time during the 18th and 19th centuries were many inventions were made and changed the world. Some of the many inventions and discoveries made during the Industrial Revolution were the light bulb, steam engine, and telephone. These inventions affected our world socially and economically.

The industrial revolution was a crucial step that led to our modern day society that we have today. During the industrial revolution, there were many new advances in technology that helped better the lives of many people. Although the revolution had some consequences, the development of new technology that came from this time period was important. Some of these inventions include John Kay’s Flying Shuttle Loom, James Hargreaves’s Spinning Jenny, Richard Arkwright’s Water Frame, Samuel Crompton’s Mule, Edmund Cartwright’s Power Loom, Thomas Newcomen’s Steam Engine, the Undershot wheel, and the Overshot Waterwheel. There were also many influential people who helped spark the industrial revolution and played an important role in it. Some of these

Over the years the economy of the industrial revolution has developed a tremendous growth with the use of inventions. This would cause the economy of certain places would grow into a more first world type of country with the use of manufacturing and transporting goods. Some essential inventions were founded in England then later spread to other continents in Europe and the Americas. Inventions like the Watt steam engine mainly benefited capitalists in England. Not only did this help England create the first fully functional railroads, this led to their complex trading system. However, not all inventions were ever so beneficial, in fact most have caused inadequate living conditions to the working poor. The cotton gin was another

The industrial revolution was a great impact on modern society because it made us develop factories, machines, advanced medicine, military, and agriculture. In the year 1750, many people lived off man made tools, made their own clothing, and grew their own crops. As a matter of fact, people only traveled the distance their feet or horse could take them. However, in 1850 many villages turned into cities; they were able to buy food and clothing that some other person made (Ellis, 608). As a result, there were many great inventions during this time era that one simply could not miss.

From the time-span of the 18th century and the 19th century, the Industrial Revolution grew and impacted the world in many ways. There are also a lot of things and inventions that led to the revolution and made it so advanced… I chose to write my essay on three inventions that led to the revolution and the impact they had.

Innovation refers to finding new ways to improve the existing products, services, processes, technologies, and employee performance in an organizational setup. In today's competitive business environment, organizations have to focus on bringing innovation in each and every aspect of their business operations; like products or service offerings, enterprise resource planning systems, marketing and promotional efforts, and organizational structure. The market challenges and competitive pressures also force organizations to use a blend of all these innovation processes in their business activities. Therefore, it is vital to give an equal focus on product innovation, process innovation, marketing innovation, and organizational innovation within the limited organizational resources and capabilities.

Innovation offers the companies a competitive advantage. Presently and within the future, more than any time in history, the key to competitive advantage is innovation. However innovation will facilitate businesses meet all of their strategic challenges, not simply competition; to illustrate, in confronting accelerating rates of change, globalization, apace advancing technology, a additional numerous workforce, associated a modification from an industrial to a knowledge-based economy. Meeting all of those challenges helps the firm attain competitiveness, and meeting these challenges suitably depends on innovation. Innovation allows a firm to workout its challenges in distinctive ways in which build competitive advantage either through relative differentiation, a relative low-priced position, or few acceptable level of each. Innovation cannot assure success, however success cannot be achieved within the end of the day without it.

In today’s knowledge-based economy, innovation has become the principal source of competitive advantages in global business; the success of firms now depends more on their intelligence capability – such as employee creativity – than traditional material assets (Amabile et al., as cited in Zhou, Zhang & Montoro-Sa ́nchez, 2011). The creative capability of individual and collective knowledge workers is the fuel that powers innovation in firms. While creativity leads to the production of new and useful ideas in any domain, innovation is the successful implementation of those creative ideas within an organisation (McLean, as cited in Zhou, Zhang & Montoro-Sa ́nchez 2011). In highly dynamic business environments innovation and creativity have become crucial for creating competitive advantages for the