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When we are talking about innovation, what is the first thing that comes to mind? Technology, Sales, NFT, Accelerator, Hackathons, Blockchain.<\/p>\n
It is hard to think about one specific thing when thinking about innovation. It somehow evolves its meaning to everything and nothing simultaneously, and more often than not, it costs a lot of money.<\/p>\n
A recent study by Delloite<\/a> shared that innovation is not only wholly new; successful innovation must be both new (but not necessarily new-to-world) and improved (as measured financially).<\/p>\n So, in other words, innovation is not only super new and unmeasurable, but in fact, it’s the improvement of something that exists and making it better.<\/p>\n “Innovation is taking two things that exist and putting them together in a new way.” – said <\/span>Tom Freston, Co-founder of MTV.\u00a0<\/span><\/p>\n When you see history through the ages, we can see that innovation has come in waves and is, in fact, directly responsible for massive economic growth and value creation in its time.<\/p>\n Starting from the investigation of steam engines and the first industrial revolutions to mobile phones and social media. Founders need to understand these general trends to capture the first waves of opportunities that come with innovation.<\/p>\n Then, the next question is how do we unlock those tremendous opportunities. Stay ahead in the game and create the proper strategy to accelerate other new innovative ways and market entry strategies for your company.<\/p>\n Also Read: The next fintech innovation will be a customer-led phenomenon<\/a><\/strong><\/p>\n At the end of the day, whether you are just starting your company or managing a big corporation, everyone will always need to grow and innovate themselves. <\/span><\/p>\n If you are in Asia, Asia has become one of the hotbeds of innovation<\/a> over recent years, with one of the most dynamic startup scenes anywhere. With its venture deals, with record highs in 2021<\/a><\/span>. Funding was up 89 per cent from the 2020 mark. Starting any innovation journey in Asia will be very exciting in the following years.<\/span><\/p>\n So start with demands, engage clients directly but quietly, learn insightful clues from past initiatives and leverage key partnerships to achieve sustainable results for your innovation initiatives.\u00a0<\/span><\/p>\n –<\/p>\n Editor\u2019s note:\u00a0e27<\/b>\u00a0aims to foster thought leadership by publishing views from the community. Share your opinion by\u00a0submitting<\/a> an article, video, podcast, or infographic.<\/p>\n Enjoyed this read? Don\u2019t miss out on the next insight. Join our WhatsApp channel<\/a> for real-time drops.<\/p>\n Image Credit: Matt Ridley<\/a><\/p>\n This article was first published on April 27, 2022.<\/p>\n The post 5 tips to plan your innovation initiatives<\/a> appeared first on e27<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" When we are talking about innovation, what is the first thing that comes to mind? Technology, Sales, NFT, Accelerator, Hackathons, Blockchain. It is hard to think about one specific thing when thinking about innovation. It somehow evolves its meaning to everything and nothing simultaneously, and more often than not, it costs a lot of money. […]<\/p>\n","protected":false},"author":1,"featured_media":1810,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"http:\/\/www.fresnoforeclosure.com\/index.php\/wp-json\/wp\/v2\/posts\/1808"}],"collection":[{"href":"http:\/\/www.fresnoforeclosure.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.fresnoforeclosure.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.fresnoforeclosure.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.fresnoforeclosure.com\/index.php\/wp-json\/wp\/v2\/comments?post=1808"}],"version-history":[{"count":2,"href":"http:\/\/www.fresnoforeclosure.com\/index.php\/wp-json\/wp\/v2\/posts\/1808\/revisions"}],"predecessor-version":[{"id":1811,"href":"http:\/\/www.fresnoforeclosure.com\/index.php\/wp-json\/wp\/v2\/posts\/1808\/revisions\/1811"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.fresnoforeclosure.com\/index.php\/wp-json\/wp\/v2\/media\/1810"}],"wp:attachment":[{"href":"http:\/\/www.fresnoforeclosure.com\/index.php\/wp-json\/wp\/v2\/media?parent=1808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.fresnoforeclosure.com\/index.php\/wp-json\/wp\/v2\/categories?post=1808"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.fresnoforeclosure.com\/index.php\/wp-json\/wp\/v2\/tags?post=1808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Why innovation is important, and how to unlock it?<\/h2>\n
Five general tips to plan your innovation initiatives:<\/h2>\n
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Final thoughts<\/h2>\n