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BY:SAHIL MALHOTRA (013)
LUV KHANNA (018)CHIRASH (051)
Rahul Kalra(039)
Innovation is introducing something new in the economy,that can be new means of sources of raw materials,new methods of production,etc..
Use open innovation to reduce R&D costs
Use process innovation to reduce operating costs
Use innovation to match supply and demand
CONT….
Solve your customers’ pain Use innovation to improve your
suppliers’ business
INVENTIVE(First to market)
ADAPTIVE (Second but “best”)
ECONOMIC(Low cost producer)
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