Uploaded on Aug 23, 2022
Creative thinking is an unconventional thinking that looks at an issue from different perspectives. Innovative thinking is a thinking that converts / commercializes a creative idea into practical application. For more details, visit : https://mitidinnovation.com/recreation/what-is-creative-and-innovative-thinking-and-why-is-it-important/
Creative and Innovative Thinking - MIT ID Innovation
What is Creative and
Innovative Thinking
and Why Is It
Important?
MITID Innovation
The survival of any business calls for
meeting the new and ever-changing
demands of clients and customers. Thus
there is a constant need for being
inventive and different. As a business
owner, one needs to be constantly aware
of the rising changes that exist in the
business environment. Thus arises the
need for having creative and innovative
thinking.
Meaning of Creative and
Innovative Thinking
Modernized thoughts and ideas require one
to adapt to new tools and techniques of
businesses. In order to do the same, one
needs to utilize creative thinking and
innovation. Creativity implies thinking in a
new manner and offering something out of
the box. The same is done uniquely through
innovation.
New inventions and techniques require
the use of resourceful imagination and
highly trained personnel who can bring
about a massive change in one’s
business. The business could be
traditional, but by applying modernized
techniques, one can improve their existing
line of products or services, thus creative
innovation is crucial for a business to
thrive today.
Importance of Creative and
Innovative Thinking
The following points help us understand the
importance of modernised thoughts and
processes in any business:
Meeting the ever-changing demands of
clients and customers due to various
lifestyle changes
Through feedback and research, a
business owner can cater to the new and
existing needs of its clients and
consumers, which calls for the use of an
imaginative approach. By adopting up to
date and advanced processes, one can
offer better services to its clients and
expect long term loyalty
Increasing profitability, profit
maximisation
When you have the best of services to offer,
one can expect maximum retention of
customers. Also, innovative techniques of
businesses can help one prevent
unnecessary expenditure. The money which
gets saved can be reutilized and rolled into
your existing business to ensure long term
profitability. Using innovative ways can help in
reducing the expenses incurred for raw
materials, in turn maximizing profits.
Offering better services to compete with
business rivals
New and well-polished services would
fascinate your buyer, thus giving the buyer
more choices to go for what is unique in the
market. Access to the same would ensure an
increase in the number of buyers, thereby
helping you increase your overall presence in
the market.
Improving motivation among existing
employees through innovative training
sessions
The process of learning involves a change in
one’s thoughts and behaviour. Training your
existing employees with new and innovative
techniques can lead to altered behaviour and
increased motivation. Learning experiences
provided by employers to an employee would
create room for better efficiency and more
productivity, thus strengthening the human
assets in one’s firm.
Reduced levels of stress amongst
employees, increased morale and
highly trained/qualified personnel
By adopting innovative and creative
business techniques in one’s organization,
one can ensure that their employees are
able to feel less stressed. There would be
less room for boredom, and one can have
better, qualified personnel to perform
tasks with high levels of productivity, thus
increasing efficiency.
MIT ID Innovation-A Place for
Learners and Self Driven
Business Owner
We offer a one year courses in
innovation technology and business to all
those who are or wish to be in the
business of innovation. MIT ID Innovation
welcomes you if you want to convert your
dream into reality and earn a spot at the
top in today's fast-paced world.
Our trained and qualified professional
faculties make learning easy and practical
through practical examples and up to date
learning techniques. Individuals who are
self driven and passionate to be good role
models and great business leaders know
where they need to be!!
Creative and Innovative thinking is a
thinking that converts / commercializes a
creative idea into practical application.
Conclusion
MIT ID Innovation Programme curates
knowledge and experiences that
challenge the very paradigm of evolution.
And that's why we have set out to define
the future of industries, communities,
cities and ecosystems. MIT ID Innovation
offers the best Design Thinking Courses.
We’d love to
hear
from you.
MIT INSTITUTE OF DESIGN
Rajbaug,, Loni-Kalbhor, Pune-412201
+91-7038982225 / +91
9834092369
[email protected]
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