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The following article was published in our article directory on February 4, 2017.
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This Is Why You Need Innovation and Creativity in the Workplace

Article Category: Business

Author Name: Theodore Henderson

Running a business doesn�t only mean serving your market, earning revenue and income, and putting up with the same cycle over and over again. Being an entrepreneur means embracing a fast-paced business environment and being able to survive your industry for a long time.
Evidently, not all start-up companies are able to keep up with this setting. The ultimate secret to survival lies in two key concepts � innovation and creativity.
Innovation and creativity in the workplace work hand in hand. Innovation is all about introducing a fresh new concept, which may be a new product, new service or a new system in your organization. Creativity, on the other hand, is all about making fresh new ideas work, which would later on pave the way to unique concepts and innovation.
Now, why are innovation and creativity in the workplace important? Here are 10 reasons why you need to stir innovation and diversity in the workplace.
It urges inventiveness and resourcefulness.
Pushing for innovative ideas means inviting creative concepts in your organization. It may be as simple as automating a laborious task, or coming up with a more progressive way to complete tasks within a shorter period of time. Innovation can also be in a grander approach, like introducing a groundbreaking concept on the market, like how Apple and Facebook did during their humble beginnings.
It helps you find solutions to problems you didn�t think you had.
Innovation is all about providing more convenient solutions to market demands, or even to the requirements of your own business organization. Once an idea pops in, it presents solutions to problems you did not even know you were experiencing. It�s all about making things more convenient for a smoother and better business processes.
It provides easy and convenient solution.
Innovation in business is vital because it brings ideas into life that improves your systems. The process of introducing positive change is the most crucial outcome that innovation brings in. This also empowers your employees to come up with creative ideas, and present them as fresh new concepts for the business.
It�s a one way ticket to success.
Only the companies who know how to constantly innovate their services and products survive the business cycles. Hence, presenting an innovative concept may be your key to greater heights. If your idea sells like pancake, the value of your company will surely skyrocket, just as how Niantic made billions out of the virtual game Pokemon Go. This was also the case for the makers of Uber, the app-based car booking system that changed the platform of private car rental all across the globe.
However, despite the importance of innovation in business, it also presents immense risks in the face of the business. Of course, there would never be a certain answer if the market is going to accept the concept, or if a new system would fully work for your organization. Nonetheless, this depends on your risk preference as a businessman. As a typical entrepreneur would say, higher risks pave the way for higher rewards.

Keywords: Innovation, innovation in business, innovation in the workplace, cultivating innovation in the workplace, innovation and creativity in the workplace, innovation and diversity in the workplace, innovation and entrepreneurship, innovation and older workers, innovation and baby boomers, innovation and millennials, Leadership and innovation

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