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Innovation Planning and Design Paper - Essay Example

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Innovation must be emulated by companies that are focused at facing off their rivals in the market. It is through innovation that competition…
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Innovation Planning and Design Paper
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Download file to see previous pages This paper seeks to discuss innovation planning and design so as to maintain stability, productivity and profitability in industries.
Innovation planning process is not easy since creativity must be adopted in any company or in the market place. This is because is a firm does not involve innovation plan, this means that one must maximize the creativity of ideas so that the ideas that one has are put in place and they can only implemented, if one utilizes innovation plan. If one is a manager in any organization, the first thing to emulate is the goal that one wants the company to achieve. As a manager, one must state the goal or the problem that is going to be addressed and then have a particular target group. This means that one must be prepared for the project since the responsibility is not on the management but it is on the entire organization.
A project that is started in any organization depicts a life cycle where all the entire organization has to be involved and be part and parcel of the project. A project should not be restricted to a specific project team since other member within the organization can contribute to innovation planning process by providing resourceful ideas or feedback.
Resources and the basic tools needed and capturing of ideas must be available and have assurance that the company will be able to provide the required resources any time they are needed (Davila, 2006). The facilitators must be considered accordingly since without them will mean that innovation planning will not be achieved thus certain amount of fund must be set aside.
Time is a limited factor in a project which one is focused at developing and implementing. This means that an individual must consider time to capture and develop ideas. In this step since one is not interested in implementation, then one should not take a lot of time to capture and develop ideas.
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