An organization that operates to achieve a social or environmental mission without a profit motive.
Process innovation is the improvement of existing processes to gain an advantage in terms of cost, quality or speed.
Creative concepts, products or practices that have not been adopted before and that are intended to be useful.
Corporate Innovators: Employees driving new value creation within a company through novel ideas and implementations.
Non-profits need innovation just as much as for-profits. Innovative methods, such as S.I.T, can help non-profits break fixedness and open up new approaches.
Empowering employees through digital suggestion boxes can significantly enhance business operations by improving both morale and output.
Employee suggestion programs can drive innovation in organizations, as demonstrated by Amazon, Starbucks, and IBM.
GE's FirstBuild exemplifies a successful business model that incorporates crowdfunded ideas and community rewards to develop and sell innovative home appliances.
