CDOE Events

Innovation Toolkit for Business Growth

Dr. Nishant Singh, AVP – Consumer & Market Insights, Crompton Greaves Consumer Electricals Limited

25.Aug.24

This expert talk explored driving business growth through innovation. Participants learned actionable strategies to foster creativity and implement innovative solutions.

Introduction

GLA Online University organized an insightful expert talk on "Innovation Toolkit for Business Growth" on 25th August 2024. The session, conducted online via Zoom, featured Dr. Nishant Singh, a seasoned professional with over 22 years of experience, currently serving as AVP – Consumer & Market Insights at Crompton Greaves Consumer Electricals Limited. The event aimed to equip participants with cutting-edge strategies and tools for driving innovation and fostering business growth in a competitive environment.

Attendance

The session witnessed enthusiastic participation from faculty members, learners, and professionals from diverse backgrounds. Attendees actively engaged in discussions, making the event interactive and impactful.

Session Highlights

Understanding Innovation in Business Growth Dr. Singh emphasized the role of innovation in achieving sustainable business growth, highlighting key frameworks and methodologies.
Consumer & Market Insights He shared real-world examples and case studies, illustrating how businesses can leverage market insights to drive customer-centric innovation.
Challenges in Innovation The session covered common obstacles that organizations face in implementing innovative strategies and ways to overcome them.
Strategic Toolkit for Innovation Dr. Singh introduced a structured approach to developing an effective innovation toolkit, focusing on strategic thinking, creativity, and execution.
Technology and Market Trends He discussed emerging technological trends and their impact on market dynamics, providing actionable insights for businesses to stay ahead in the industry.

Key Takeaways

Innovation as a Growth Driver: Businesses must integrate innovation as a core component of their strategies.
Market-Driven Approach: Understanding consumer behavior is crucial for successful innovation.
Adaptability: Organizations must stay agile and responsive to technological and market shifts.
Practical Implementation: A well-structured toolkit enhances the execution of innovative ideas.

Conclusion

The session provided invaluable insights into the significance of innovation in modern business practices. Dr. Nishant Singh’s expertise and engaging discussion offered participants practical strategies to foster innovation and business growth. The event was highly informative and left attendees with a deeper understanding of leveraging innovation for success.