Innovation often is seen as a value-added curve introduced when the existing product or service value sees reduction in value or benefit. This is often termed as multiple 'S Curves'. In high technology organizations, you have various S curves very regularly keeping in mind innovation stemming out of competition.
Unfortunately, though innovation must arise from necessities, innovation often is a birth child of slowing growth and 'problems'. Why?
Most often, innovation is only thought of when your financial statements or your production numbers show a declining trend/slowing graph. Yes, innovation and thinking out of the box is required at this stage but will it really push up your graph overnight? It seldom does. Innovation is required at every stage of business decline and this can be even as frequent as a single week.
Daily and weekly innovations are a must for every changing business organizations playing in a ever-changing economy or industry. A strike or an economic announcement, hiring freeze among, others can for example affect organizations within the Hiring and Recruitment industry. It is often seen that unless we innovate and develop these innovations quickly, results are seldom seen.
The global hiring scenario has been choppy since 2008 and the scene in India is not that better.
I would like to bring in few excerpts from the ILO's Global Employment Trends in 2012 - Preventing a deeper jobs crisis Release in this interim and revert back to our discussions on innovation:
"The International Labour Organization (ILO), India accounts for 74 per cent of of the South Asian region's labour force and the unemployment rates is expected to dramatically arise from 3.8 percent to 7.4 per cent. Though the growth rate in India has driven to a large 7.8 per cent, this has been associated with increased labour productivity and not due to larger employment opportunities.
Further excerpts from the ILO, Global Employment Trends in 2012 - Preventing a deeper jobs crisis Release:
MapleCode adopts regular 'S-Curves' throughout the year. This enables the team and the organization to be a step ahead of its peers. Communicating innovation regularly also has helped MapleCode create a value space with its customers.
About MapleCode
MapleCode is a specialized Executive and Technology Search Business established in the year 2009. MapleCode is presently based in Bangalore, India and delivers specialized Search consulting services across India, Asia Pacific, Europe and Americas.
About the Author
Prashanth Vaidyan is a Senior Partner with the Technology Search Practice at MapleCode. He has been with the organization since inception and manages the Technology Mid Management Search assignments. Prashanth can be reach via prashanth.vaidyan@maplecode.com
The author has referenced necessary examples from an external source to use as examples. This is duly credited herewith. Other contents are his own and as explained.
Unfortunately, though innovation must arise from necessities, innovation often is a birth child of slowing growth and 'problems'. Why?
Most often, innovation is only thought of when your financial statements or your production numbers show a declining trend/slowing graph. Yes, innovation and thinking out of the box is required at this stage but will it really push up your graph overnight? It seldom does. Innovation is required at every stage of business decline and this can be even as frequent as a single week.
Daily and weekly innovations are a must for every changing business organizations playing in a ever-changing economy or industry. A strike or an economic announcement, hiring freeze among, others can for example affect organizations within the Hiring and Recruitment industry. It is often seen that unless we innovate and develop these innovations quickly, results are seldom seen.
The global hiring scenario has been choppy since 2008 and the scene in India is not that better.
I would like to bring in few excerpts from the ILO's Global Employment Trends in 2012 - Preventing a deeper jobs crisis Release in this interim and revert back to our discussions on innovation:
"The International Labour Organization (ILO), India accounts for 74 per cent of of the South Asian region's labour force and the unemployment rates is expected to dramatically arise from 3.8 percent to 7.4 per cent. Though the growth rate in India has driven to a large 7.8 per cent, this has been associated with increased labour productivity and not due to larger employment opportunities.
Further excerpts from the ILO, Global Employment Trends in 2012 - Preventing a deeper jobs crisis Release:
Between 2007 and 2011, labour productivity increased by 6.4 per cent on average, while employment expanded by just 1.0 per cent. This situation is prominent in India, where total employment grew by only 0.1 per cent over the five years to 2009/10 (from 457.9 million in 2004/05 to 458.4 million in 2009/10), while labour productivity grew by more than 34 per cent in total over this period (Chowdhury, 2011).
Innovation in the recruitment industry is the need of the hour. Organizations must innovate internally vis-a-vis understanding the customer as well and provide inputs and discuss with the latter on realities on the ground. Example: If the hiring trend shows that a premium pay rise of 10% for a specific skills, bring this up. Innovation here is clear that specific targeted Search is adopted to identify high skilled candidates.
MapleCode adopts regular 'S-Curves' throughout the year. This enables the team and the organization to be a step ahead of its peers. Communicating innovation regularly also has helped MapleCode create a value space with its customers.
About MapleCode
MapleCode is a specialized Executive and Technology Search Business established in the year 2009. MapleCode is presently based in Bangalore, India and delivers specialized Search consulting services across India, Asia Pacific, Europe and Americas.
About the Author
Prashanth Vaidyan is a Senior Partner with the Technology Search Practice at MapleCode. He has been with the organization since inception and manages the Technology Mid Management Search assignments. Prashanth can be reach via prashanth.vaidyan@maplecode.com
The author has referenced necessary examples from an external source to use as examples. This is duly credited herewith. Other contents are his own and as explained.