Creating Capacity to Enhance Innovation

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Creating Capacity to Enhance Innovation
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• Innovation is the basis of the continuous
  advantage. Only those who continuously innovate
  can stay long on the market.However
  innovativeness is possible if a company applying
  the digital business transformation.

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Digital Business Transformation Hike Innovation
Company environment is changing according to the
business environment. Those who do not adapt
change cannot expect business success. In this
regard, a company continually needs to innovate
and thus improves its business performance.
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Creating Capacity for Innovation
The ultimate goal to satisfy and attract the new
one. For that reason each company can create a
culture of innovation that constantly change.This
is especially important for startups company that
needs a quick breakthrough on the market.
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Set a Digital Congruence
In a digital society technological advancement is
continually change. Therefore, company need to
achieve the digital congruence or the balance
between their vision, strategy, culture, and
structure.
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Create Innovation Culture
Company should have a adequate culture to
encourage creativity and innovation.Too large
hierarchy and strict rules are limiting
innovation .Company should encourage their
employee to be creative , to share ideas, to be
involved in finding better solution or inventing
something new.
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Collaborate With Others
The digital business transformation has also
established new cross-industry ecosystems that
enable cooperation and integration, and thus
provide synergy effects of innovation.Also, the
mobile ecosystem allows the formation of
specialized ecosystems that capture a higher
value.
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