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Entrepreneurship And Innovation : Tej Kohli
Posted by
Elina James
,
05 June 2013
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1,729 views
Innovation is inseparable from entrepreneurship, especially in the 21st century, it seems. The guiding force of innovation is the ‘need’. Particularly, in the flat world we are living globalization, virtualization and moderntechnology are the buzzword. Innovation is derived from Latin word innovare, it literally means ‘to renew or change’. In a layman’s term, Innovation is a new solution. A combined team or individual effort with continued research and development to create fresh value in the existing product. Innovation in products, services or even societies and government can bring magical output. Innovation can come via more effective items/products, fine tuned processes, novel technologies or anything that brings out a positive change in general.
Can Innovation lead to profitability?
Yes, and this is also something which every entrepreneur should ponder inside his head. First of all innovation is further development and it is different from invention or creation or an idea or the method per sé. For example, the invention of a Telephone can be attributed to Alexander Graham Bell, but what the BlackBerry Z10 or Samsung Galaxy is offers in 2013 is pure innovation. Let’s say the cloud based management solutions companies are providing these days.
Experienced IT entrepreneur and CEO-Graphix Softech S.A Mr. Tej Kohli explains, “Innovation is the key to all round growth and development. Before the internet, offices were still being run and businesses still made profits. So what changed post internet? It led to mind boggling profits, if used well. The continued innovation in the web space has led to massive inventions, spiraling growth and more opportunities and scope for everyone.”
