Process Innovation - MIT ID Innovation

1
What is Process Innovation? Why is it
Important MITID Innovation
2
Innovative ideas, particularly in today's world,
are the only way for businesses to succeed. Over
the last few years, there has been a significant
increase in the competition amongst products and
services. However, a product or service that
meets people's requirements is the one that
stands out above the rest. Read on to find out
about process innovation and its importance. 
3
What is the Process Innovation
Process Innovation deals with a set of
facilities, skills, and technology utilized to
create, distribute, and maintain a product or
service. It can include changes in technology or
even changes in products to produce the best
outcomes. Apart from this, it also deals with
improvements in software and tools to help a
company through its supply chain management and
delivery processes.
4
What is the Importance of Process Innovation?
Process innovation is an essential factor,
particularly for growing businesses in the
competitive market. It allows a company to get a
better drive in the market by developing products
that provide the best outcomes while also
satisfying the needs of their customers. The main
goal behind these innovations is to give the
end-users customer-centric products and
services. 
5
Why Do Companies Need Process Innovation?
The modern world is all about competition,
especially amongst various firms that strive to
achieve similar outcomes. A business can only
stand out and generate the best market drive
through innovative tactics. Every company that is
willing to achieve success needs
this process innovation strategy.
6
Boost in Productivity
Process innovation strategies use technology to
increase a company's efficiency, particularly by
relieving staff of the burden of time-consuming
manual operations. The reduced time allows
employees to work on multiple tasks
simultaneously. 
7
Effectiveness
Process innovation strategies allow employees to
gain more outcomes through the reduced time and
improve a firm's efficiency and effectiveness,
and processes. It has a significant influence on
employees since it increases productivity by
increasing shorter learning curves. 
8
Quality
Businesses tend to produce better quality
products through innovative techniques. Process
innovation uses technology, automation software,
and tools to improve the efficiency of a task and
reduce human errors that are often a consequence
of manual processes. 
9
Decision Making
A company can decide on the best possible
outcomes for its products and services through
effective decision-making processes.
Decision-making allows a company to progress by
analyzing multiple hypotheses. It also enables a
company to make future predictions about its
products and services.
10
Customer Satisfaction
Innovative products that provide customers with
the solutions to their pain points can gain
better customer satisfaction results. Feedbacks
and surveys from the end-users can help a company
improve and modify products to serve their
purposes best. A firm automatically gains a high
position in the market if it delivers products
that customers are willing to buy. 
11
Brief About MIT ID Innovation
MIT ID Innovation is the solution to growing
businesses willing to gain knowledge in Process
Innovation and its importance. Our online
platform is easily accessible and has all the
basics to help your business flourish by making
the right decisions and gaining insights about
cost-effective and time-effective tactics.
12
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 Courses in Innovation.
13
Wed love to hear
from you.

• MIT INSTITUTE OF DESIGNRajbaug,, Loni-Kalbhor,
  Pune-412201

• 91-7038982225 / 91 9834092369

• innovation_at_mitid.edu.in