INNOVATION FACTS TOWARDS LIFE

CHANGING EDUCATION PARADIGM

Abstract

Innovation is the course of translating an idea or invention into a goods or services that creates value for which customers will pay or for which societies can benefited. To be called an innovation, an idea must be replicable at an economical cost and must satisfy a specific need. Innovation involves deliberate application of information, imagination and initiative in deriving greater or different values from resources, and includes all processes by which new ideas are generated and converted into useful products. In business, innovation often results when ideas are applied by the company in course or further meeting the needs and expectations of the customers. Innovation is not a one-man thing it can happen at every stage of an organization. The new intern may have million dollar business idea instead of those employers working for past 10 years. In our society we have great people and associate who are desirous to help us innovate. We need to listen to them and look for what they put forward. Ideas are everywhere. Without realizing their action some people do not Praise new ideas, do not let everybody contribute, not be open minded. This is how we kill innovation by our action. For Global Sustainability, Innovation is a Life blood we need to silhouette, nourish, retain and promote innovative culture in and around. We need to reframe our brain and actions or else it will kill or bring to an end us to upgrade further. This chapter is dedicated to all who like to grow one step further. Contents are divided with Historical Example of Kodak then the process to build innovative culture in the organization, Common Inhibitors, Inhibits Innovation, and activities to generate innovation.