innovation circle

What is an Innovation Circle?

An innovation circle is the formation of a group of workers who sit together to investigate, analyze, and find innovative ways of solving the problems in an organization using several problem-solving tools and processes. Therefore, for a significant and productive innovation to occur in your organization, you need visionary thinkers, strategic planners, talented practitioners, and…

paypal

The Success Story of PayPal

In the early 90s, sending and receiving money online for payment of goods and services rendered was not easy. Individuals couldn’t imagine how possible it would be to carry out such transactions, even though other financial institutions like banks had ways or carrying out online transactions. But, today, everybody who does business online knows about…

a group of asian office worker meeting

Why is innovation management important?

Competition is getting tougher by the day. What can set a Company or an Organization apart from its competitors is how they manage their creative resources. More importantly, it depends on how they extract creative nectar from their employees. Innovation management widely deals in helping organizations make the most of their employees. It could vary…

brainstorming ideas

How to encourage team innovation?

6 in 10 people admit creativity is valuable to their company. Yet, there are many barriers to innovative ideas. From lack of communication to lack of involvement, an employee won’t share their creative resources unless they feel invested in the company. Many organizations demand creativity in the workplace but do not like the risk of…

using 5G in everyday life

5G Ecosystem Development Grant To Encourage Technological Innovation

KUALA LUMPUR: The government will introduce a RM5 billion grant for ecosystem development to promote technological innovation in the country as 5G presents an unprecedented challenge to rethink to achieve aggressive performance goals. Strong industry partners including several innovation consulting services are involved at all stages of development, from initial research to the development of…

visual innovation

Types Of Innovation Strategies

For most people, innovations are small improvements or additions to existing products, processes and services. For others, innovations may be revolutionary technological inventions or business models that change the industry. To learn about these innovation types and to know a lot more about the subject of innovation, you could take up innovation courses either online…