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Innovation Strategies for Sustainable Development in Business Considering Current Scenario for Africa

Nidhi Agarwal ()
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Nidhi Agarwal: Lincoln University College

Chapter Chapter 6 in Management and Resilience of African Organizations in Times of Crisis, 2024, pp 95-110 from Springer

Abstract: Abstract Innovation could be a core part of innovation and development corporations, often determined by structure style variables as well as structure and capability for learning, for change, and for adjustment. Innovation ways have advanced as ways to deal with market agility and creativity inside the improvement associations. In any case, almost no examination has inspected structure inventiveness and its association with structure style and reception of innovation ways. Amid this work, we will in general propose a theoretical system to portray innovation’s inclined and reluctant examples on structure style in innovation and advancement organizations by movement dissemination and incorporation of advances and practices among individual, group, structure, and ecological dimensions. Innovation administration incorporates an accumulation of apparatuses that empower chiefs and designers to team up with a standard comprehension of procedures and objectives. It is not consigned to R&D; it includes staff at each dimension in tributary innovatively to an organization’s advancement, delivering, and advancing. By using innovation administration instruments, administration will trigger and send the creative capacities of the hands for the ceaseless advancement of an enterprise. A pushed procedure depends on existing or crisp liked innovation that the association approaches and attempts to search out productive applications for innovation. A pulled procedure depends on discovering zones wherever clients’ needs do not appear to be met, so see answers for those needs. To prevail with either strategy, relate degree comprehension of each the market and in this way the specialized issues zone unit required. The research is with purpose of exploring the efficacy and impact of innovation methods for sustainable development in African firms within the context of the current scenario, to investigate how the implementation of various innovation techniques in the African corporate landscape might help to promote economic development, social inclusion, and environmental preservation. The present paper analyzes the responses of 300 customers of rural, urban, and semi-urban areas using the same product of different brands of Africa and quantitative analysis of 25 stakeholders by different innovative techniques based on economic development (ED), social inclusion (SI), and environmental preservation (EP). The company has an assorted portfolio and works in various FMCG classifications and brands; it adjusts its asset assignment keeping in mind the end goal to give satisfactory venture to each brand and item as indicated by its development profile and openings.

Keywords: Sustainability; Research & Development; Supply chain; Challenges (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-56007-1_6

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DOI: 10.1007/978-3-031-56007-1_6

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