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)