Cognitive Diversity refers to the inclusion of varied thinking styles and perspectives in a team or organization.
A lean-improvement method for identifying opportunities to streamline work processes.
Cost of Innovation: The total financial expenditure required to discover, develop, and bring a new product or service to market.
The opposite of open innovation, cosed Innovation is the practice of developing products or services solely within an organization without external help.
Diversity and inclusiveness in the workplace has a direct impact on financial outperformance, innovation potential, and creating a more desirable workplace that attracts appropriate people.
Innovation requires participation and diversity plays an important role. Companies with higher levels of diversity have shown more innovation and higher revenue. This article explains how fostering a culture of diversity and inclusivity can enhance innovative thinking.
Equal mix of men and women in innovation process yields optimal results, as each gender brings a complementary effect that yields better results.
