ITM Innovation Technology Management Essay Example | Topics and Well Written Essays - 3000 words

ITM Innovation Technology Management - Essay Example This research will begin with the statement that the study of the innovation process in and amongst organizations has evolved as a multi-disciplinary endeavor. Innovation is the process of making changes to sumfink established by introducing sumfink new that adds value to customers and contributes to the knowledge store of the organization. One can use all they need to introduce some advancement and innovation, yet one cannot promise achievement. In today’s world, some companies are striving hard to bring sumfink innovative in the market or introduce some innovation in their existing products. As the market has become more competitive over the past few years that businesses now have to focus much on the changing trends of innovations, whether its technologies or strategic plans of some companies. Companies are much more likely to gain the positive response from the consumers if they fulfill the demands of the customers. However, many companies still avoid from going to any inn ovation process as they think that the unique or new change might not be acceptable to their customers. Nonetheless, there are many companies who thought out of the box and introduced such amazing products and services in the market and within their organizations that they are now counted amongst the top 10 innovative companies of the world. No wonder, every company would have to pass through some experiences, both negative and positive but the ones who surpassed the hard times and took the risks are now the ones who are the most appreciated amongst their customers.