Innovation management and entrepreneurship

You either innovate or you die! The topic of innovation and entrepreneurial initiative is critical in modern business. Acceleration in business is a consequence of technology and globalization. In the last 20 years, we have witnessed a large number of changes in the way we do business. Internet business and digitalization are simply old news! Doing business from home, a global approach to meeting needs, short memory, and lightning-fast twists are what characterize today’s business.

Not so long ago, we believed that a web presentation was the pinnacle of innovative digital literacy. Who else sends letters and catalogs by mail? Who are the companies that are conquering markets from small countries all over the world? Who are these people who live off of new occupations and new ways of doing the same things? At what speed do the heroes of yesterday fall behind and news stars are born?

Innovation is an old, yet very important topic. You do not need to be Nikola Tesla or Mihajlo Pupin to bring improvements and change into your organization. Most often, it is a change of attitude and small steps, the sum of which leads to meaningful change.

Entrepreneurship is a trait that can be nurtured and developed. We are not all enterprising but we can make organizations cultivate and embody an enterprising culture to nurture entrepreneurial ventures whether they are small, or large organizations.