01 April 2008 | BestPrax Club Pvt. Ltd.
Competition and an evolving customer have ensured that product and process improvement is on the agenda of every organization. Merely wishing to achieve improvement or even adopting a plug-and-play solution will not take the firm far.
01 March 2008 | BestPrax Club Pvt. Ltd.
Innovation is the process and outcome of creating something new that is also of value. It involves an entire process cycle from identification of opportunity, ideation and invention to prototyping and successfully implementing the idea. It thus creates new opportunities, new avenues and growth for an organization.
1 February 2008 | BestPrax Club Pvt. Ltd.
In today’s fast paced and extremely competitive global business environment, innovation is the compass that helps organizations to successfully navigate turbulent waters. But innovation alone is not enough. Managing innovation effectively and continuously enables successful organizations to gain that cutting edge, placing them a few steps ahead of their competitors.
1 July 2005 | BestPrax Club Pvt. Ltd.
"Out there in some garage is an entrepreneur who's forging a bullet with your company's name on it. You've got one option now - to shoot first. You've got to out- innovate the innovators."– Gary Hamel. Worldwide, companies are facing fierce competition that is "…set in truly global context, with more capable players, higher stakes, and vastly different rules of engagement from those (known) to date." Driven to the point of paranoia, many fail to seize the opportunity and make successful moves.