The process of translating an idea or invention into a good or service that creates value or for which customers will pay.
“Change is inevitable. Growth is optional.” – John C. Maxwell
Companies that grasp and embrace innovation will adapt to the ever changing market, get and keep top talent, and sustain industry leadership. One doesn’t need to look far to find proof of these realities. However, how can companies innovate while maintaining production levels and budget constraints? It must become part of the fabric of the company through careful planning, organizing, and budgeting. This isn’t an overnight success story, but an organizational shift in thinking towards innovation, continual improvement, and being the best.
Innovation starts and ends with top leadership. Leadership with vision, willingness to take risks, and the fortitude to challenge the organization to think beyond today.