Response in Enhancing Innovations - Assignment Example

It is interesting to emphasize that the art of product innovation for large corporations is not a mere trend but an inevitability.

Hogg’s study in 1993 reports the vitality of strategic vision and innovation in the performance of technological telecommunications companies in Europe. Despite the importance of communication within the telecommunication sectors, innovative skills are more valuable than later. Competitive advantage in the market is attainable only if companies possess advanced technological innovativeness. It is fascinating to note that most prosperous entrepreneurs prioritize innovativeness within their firms according to the Roper Starch Worldwide survey done by Ernest and Young (Belkin, 1).

Although innovation forms an organization's success, embracing effective communication strategies is essential. Emerging realities for most business implicates the importance of effective communication in coordinating organizations' plans. Communication is imperative in relating factors such as global market trends, continual innovation, planning, and technological changes. Most flourishing firms consider the use of all of the above factors in ensuring the success of a business. Experience in the organization indicates that effective communication strategies besides coordination of the abovementioned strategies also assist in improving corporate relations. Corporate relations assist companies in identifying new innovative strategies for an organization. It is vital that companies not only prioritize innovation but also integrate effective communication in management.