We talked in our previous article about R&D (you can find it on our website). Today, we’ll be focusing on INNOVATION, and we’ll try to explain the meaning of this concept very briefly. This is all part of an Erasmus+ project called VET R&D! We’ll be diving a bit deeper into in very soon…
Since we are born, we are innovating by “learning by doing”. We see something and we imitate it, giving it our own personal imprint. We innovate. The thing is that schools tend to diminish our ability to do so, and that’s why innovation is highly valued nowadays…
If you search a general definition of innovation you will find something like “a new method, idea, product…” but innovation is not just about introducing or implementing new ideas or methods. The definition of innovation can be explained as a process that involves multiple activities to uncover new ways of doing things. It’s about generating new ideas, conducting R&D, improving processes or renovating products and services.
At this moment, we live in a fast-paced environment where technology is rapidly growing, and globalization is increasing day by day. Innovation is essential for the survival, economic growth, and success of a company. Leaders should be open-minded and collaborative, feeling comfortable with uncertainty and able to manage change.
For example, here are a few types of innovation a business can implement:
– New ways of promoting products to clients.
– New designs to respond to customer demands.
– Improved use of technology to help have a better interaction with suppliers and customers.
– A more efficient planning to lower production times.
– Designs of products that meet green standards.
– A change in the product range to reach new costumers.
– New concepts of doing business.
There are many aspects and types of innovation, and that’s what we’d like to talk about on our next post. But that’s all for today, just a brief introduction, hope you enjoyed it!