Excelling through innovation

Update: 2020-03-08 23:28 IST

Innovation can be defined as a new idea, creative thought with new imagination offering better solutions in markets.

Innovators create new products, methodology, and ideas.They look at problems differently and come up with solutions and value to their companies.

Why is innovation so important?

l Innovators are key differentiators.

l Growth happens with innovation drive. Whether a small business or big one, with innovation growth happens.

l Right innovation attracts customers and make brands stand out by increasing revenue. Also stands out from competition.

As the customer needs are constantly changing, diversified requirements have to be met. Innovators predict market outcomes by assuring customer delight with innovative solutions. New ideation has to be met for the ever growing market and customers needs on a ong term basis to innovate.

Innovation according to Siddharth Kunapuli of Class X, Oakridge International School, Bachaupally is a great idea, executed wonderfully and is communicated in a way that fully celebrates the brilliance of the concept. The application of the ideas have to be both novel and practical. Innovation can be practiced and fully achieved through nurturing creative thinking while setting goals. My role model in life is Elon Musk, the renowned entrepreneur, inventor and change maker, who has transformed modern technology.

Tapping the latent talent is a crucial ingredient. Whether in organisations or educational institutions, the key driver is best talent. How does one tap the best talent? All talented innovative people want to work for the best companies. People with latent talent are always challenged and encouraged to innovate on a regular basis. For this organisations have to give them an opportunity to experiment. According to Vedavarenya Belagam of Class X of Oakridge International School, Bachaupally, innovation is the creativity and ideas put in to get an output. I

practice innovation with the idea of sharing thought and promoting the idea of brainstorming.

My ambition in life is to be a travel journalist as it helps me explore the world and understand cultures and traditions. My role model is Leonardo Da Vinci known as the renaissance man has shown how to diversify learning.

Employees

will have to set a trend for being innovative then the company will benchmark for innovation.Growth trajectory stands out from competition and meet all customers aspirations. Risks come with innovation but that's when rewards come in too.

Creating innovative practices ensures handling people and customers diligently by beating competition. Competition is a hard fought contest, where the best products compete against the best to gain a market edge. Best Practices have to be incorporated to win over stiff competition.

For every organization to ally itself to a greater purpose, it must have the cream of the industry to benchmark & stand out from the competition.

Only when opportunity and talent are utilised, the results generate to a higher level. At the organisational level the interests of the whole of employees must be taken care;at the individual level one must fine tune to the demands and deliver the best to innovate.

At the institutional level, students have to be nurtured to innovate so that they learn standards of excellence from a young age. Mentors and Teachers play a pivotal role in shaping the young minds by giving them the direction.

Innovation is an innate drive, a huge potential to make a difference either with an invention, product or giving a new thinking to an idea. Our experiences, thinking and people have a huge influence on us.

Students must choose the outstanding influencers so that they shape up their destiny with right thinking that excels where there's a huge potential to innovate. The hallmark of a successful innovator lies in determining opportunity and making use of it to create an impactful innovation. Aiming for the best innovation is the beginning of an impactful journey in excellence.

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