Insights success The 30 Most Admired Companies of the Year Dec 2016

Editorial
ell, when it comes to listing the most admired companies
Wof the year, the list cannot be fulfilled without a proper
survey and a standard set of norms. The very first
criteria we land up is the ‘Innovativeness’ of a company. In this fast
race of competition and that is too with an urge ‘to be on top of the
competition’, companies need to have certain characteristic inbuilt
and one of the most important amongst them is ‘Innovativeness’.
It is not about how well you can do something than the others, but it
is all about, as Tyler Oakley says, “Recognizing what only you can
do...is going to make you successful”. It is the uniqueness of the
company which makes it go and sit in the category of ‘Most
Admired’.
Innovation is the
Need of an Hour
But what exactly innovation means? Well to simply answer this
question, it is nothing but a value creation. The paramount objective
of innovation for a company must be to be innovative through the
aspect of development, application and bundle technology in the
products or services they come up with in the global market.
It is all about coming up with unique ideas to keep operations,
products and services as fresh as possible. It is the process to fetch
those ideas into reality is what innovation is all about. Though, it is
as hard as it could be to actually transform those ideas into an actual
product or service that will prove to be beneficial for the customers.
Once innovation is put into action and launched in the market, the
company needs to put it into practice and exploit it in such a manner
that will lead to new products, services or systems that will add
value and improve quality. Innovation will also include,
technological transformation and management restructuring,
which will generate new value and will bring significant changes
in the company.
Innovation is just inevitable in this modern day world than ever
before. With the world full of globalization technology and
knowledge revolutions, innovation brings added value and widens
the employment base. Innovation will not just elevate the rank of the
company, but will boost its moral to do something admirable in the
future too.