When we talk about creativity in innovation then only one meaning comes in our mind i.e. bringing some changes with creativity. In general terms creativity and innovation are two different things but with same aim of creating a masterpiece. Creativity means to create something new and innovation on the other hand means to make some changes in an object. Businessmen can understand this term very well as nowadays in the world of competitions creativity in innovation has become the key of success in businesses. Nothing has been created on its own; artist puts his imaginations and creative skills to craft any beautiful object similarly in business also, success never comes on its own, proprietor have to adopt some innovative strategies to take his business to the stairs of success. This makes the creativity in innovation important in the development and success of business.
Meaning and need for idea innovation
If we talk about idea innovation in terms of business and management companies then it varies with the types of businesses. Every business is unique in its own terms, rules and regulations and other factors. Business entrepreneurs will have different innovative strategies to run a business and the administrator of Management Company will have different ideas of innovation. There are various innovative ideas depending upon the kind of business you are managing, or kind of Management Company you are administrating. Being entrepreneur first you need to observe changes occurred in your financial condition, profit and loss graph, working staff and sales figure. After observing all these aspects, look for the type of innovation you need to bring like foundational innovation in which you need to set up everything again, other is developmental innovation which can be done in already existing or any particular area. Another innovation is apparition innovation which will affect only marketability and not the product and technologies. Same tips of idea innovation can also be applied in management companies but depending upon the situations prevailing in company.