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Business & Marketing
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Essay
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English (U.S.)
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IM-U9D
Essay Instructions:
Chapter 15 of your text identified several elements shared by innovative organizations. Fast Company has identified some of the most innovative companies in the world.
The World's 50 Most Innovative Companies. (2021). Fast Company, 243, 30–93.
Using the Fast Company article as well as the material from Chapter 15 of the text, address the following in your response:
Define 'innovation'' in your own words.
Describe why innovation is necessary for a company to remain competitive in a global economy.
Review the Fast Company article regarding the top innovative companies.
From the article, choose two examples of innovation to share with your classmates.
Identify what about these two examples was innovative for the company and/or the industry.
Essay Sample Content Preview:
Innovative Organizations
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Innovative Organizations
In the modern business world, innovation comprises transforming inventive ideas into new resolutions that drive business development, advance effectiveness, and meet consumer’s varying needs whereas advancing decision-making and proble-solving across the organization (Chapter 15, n.d.).
In today’s dynamic business setting, innovation is vital for companies to remain competitive in a global economy. It can sometimes feel like a multifaceted idea in business, but when new ideas fall into place, innovation can drive business organizations to new heights. With an innovative mind, business organizations can redefine their product and service values, improve customer relations, and cr...
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