Innovation in business development

• Main Authors: Umachandran, Krishnan, Della Corte, Valentina, Said, Mohamed Mohamed Tolba
• Other Authors: Cierniak-Emerych, Anna
• Format: Book Chapter
• Language: English
• Published: Oficyna Wydawnicza Stowarzyszenia Menedżerów Jakości i 2018
• Subjects: L Education (General)
• Online Access: http://irep.iium.edu.my/69296/1/69296_Innovation%20in%20business%20development_Chap%201.pdf; http://irep.iium.edu.my/69296/

: Innovation addresses major barriers to progress by migratory research through collaborative, interdisciplinary developmental initiatives. Critical thinking along with in hands on skills to create, design involves a process of problem solving hypothesis and elaboration followed by creative and systemic action. Innovation is inter-disciplinary embodies a remarkable commonality of purpose among the users to expand the interoperability of connected systems which encourage immediate use and function. This is no less remarkable achievement given the increasing ability to understand the evolution through many trials for setting right the error runs. Interdisciplinary initiatives bring success through frugal investments and outside expertise than the core discipline. Innovation encourages information sharing and facilitates transparency of disciplinary knowledge to a brief, requirement orientation, and relevancy to real demand to be evolved into an interdisciplinary collaboration for successful product evolution. Innovation brings a lot of benefits to the economy, diminishes wasteful productivity, reduces obsolescence, increases product reliability and facilitates life with better utilization of resources.