Benefits and Driver

Benefit and Drivers Paper

Success is acquired by driving operational excellence throughout the business by building a brand or company reputation. The reputation drivers are created by a company using innovation and creativity to develop products or services, creatively solve problems, and generate improvements in the quality of his or her designs, which also creates a sustainable business advantage. It may be streamlining and improving the processes or delivery of services, driving visibility of company’s data and goods, or the initiatives that will make the customers take notice of the innovative and creative changes. Benefits and drivers are essential for inspiring innovation and creativity within the company. Innovations are separated into two wide classifications. Evolutionary innovations are knowledge or procedures; revolutionary innovations are frequently troublesome and innovative. However, they have their benefits.

Increase in revenue will allow the company to research or explore other avenues of innovation that can increase profits and create new growth. Innovation brings new ideas to reality, and one of the drivers of innovation is the encouragement from the organization. Companies must do more for their employees' creativity than just acknowledging that employees have good ideas. Creative organizations need to be malleable while regulating the risks, but also provide liberties to explore new ideas through learning and experimentation. Monetary incentives and promotions drive innovations too, providing awards, or recognition can be a driver for innovation. Another driver is the right fit or keeping leadership in the right place, or the right people for the job. A major part of innovation and creativity is good internal communication to share ideas, along with experimentation or trial and error. Also, the ability to learn, whether it is new technology or errors both internal and external (other businesses). These ideas are drivers and help the...