fbpx
Connect with us

Executive Voice

Gurps Rai and a Perspective on the Role of Innovation in Driving Entrepreneurship

A lightbulb represents innovation and inventive thought

Studies have shown that upscaling a company’s creativity by 5 percent can result in as much as a 50 percent boost in its bottom line as well as shareholder value. In a business world characterized by fast adoption of technology, increased complexity, disruptions, and stiff competition, honing innovative skills and creativity is becoming a major focus by many enterprises and companies. Creativity is one rare quality of human resources that is free and renewable. Companies that can leverage this potential in their employees are more likely to create enormous changes in their operations and steer their profitability. Innovation is thus a simple, non-automated human capability that is at the heart of sustainable businesses. 

Defining Innovation

When many people think about the term innovation, they form impressions of people glued on machines and laptops in laboratories trying to come up with new things. With this feeling, many people working in organizations or settings outside of laboratories may think that innovation doesn’t apply to them. Various definitions point out that innovation is the application of skills, experience, and competencies in coming up with completely new ways of performing something. Perhaps this is why Josh Linkner once said that innovation finds enormous applications in virtually all spheres of life. 

Applications of Innovation

A survey conducted by Microsoft on leading American, Asian, and European business decision-makers and executives showed that 74 percent of these people agreed that innovation is not just an exception but a “must-have” component. What’s more, a company’s innovativeness must be seen to be functional and resilient for a business to achieve great results. A separate study indicated that 98 percent of leading enterprises with a strong and resilient innovation culture believe that innovation and creativity are the key ingredients needed to help businesses respond with speed to market dynamics and seize opportunities. Companies that can respond quickly to extreme challenges such as the prevailing health crisis due to coronavirus are four times likely to recover faster than those that still lag behind in terms of creativity. 

As the country and the world at large continue to grapple with the harsh realities brought about by COVID-19, more than 70% of organizations say that they need innovation more than ever before in order for them to react quickly, effectively, and efficiently to the market challenges. In addition, innovation is what will determine just how businesses will seize opportunities and ensure that they stay afloat. A majority of businesses whose innovation culture has matured contend that innovation is an essential aspect that will help entrepreneurs navigate the ever-increasing and complex crisis. 

Gurps Rai’s Perspective on Innovation

Gurps Rai is a globally recognized entrepreneur, keynote speaker on the concept of innovation and its inherent ability to jumpstart businesses and drive them towards success. He has been instrumental in advising senior company executives and business leaders of some of the most successful fortune companies. Innovation is all about the mindset and problem-solving skills, all of which can be leveraged to bolster business performance in financial management, operations, procurement, marketing, sales, and other core functional areas of an organization.

“Suppose an organization can unlock the creativity of its team of staff. In that case, they literally loosen the nuts that hold the engine of success from taking off and speeding towards achieving progress,” says Gurps Rai. Creative, flexible staff fuel positive growth and give their company a competitive advantage.

Gurps Rai believes that leveraging the ability to be more creative and innovative helps business leaders grow into resilient executives capable of helping their enterprises recover faster.

Join Disrupt Magazine

defi
Become A Disrupt Contributor

Most Disruptive

Real Estate Disruptors13 hours ago

From Nothing To The Top 7% Percent In Real Estate With Joe And Lety Torres

What’s your backstory?    (Lety) We both have parents who immigrated to the US from Mexico. We were fortunate to...

Social Media6 days ago

Khaby Lame Becomes The Most Followed TikToker in The World

Khabane Lame was a machine operator but now trending and just became a star from an account he created on...

Tiger_Shroff Tiger_Shroff
Entertainment7 days ago

Meet Bollywood Star Tiger Shroff

Tiger Shroff has a long history in the film industry, starting before his birth. With prominent parents in the industry...

Amanda Bernardo Amanda Bernardo
Women Who Disrupt1 week ago

Meet “The Pizza Princess” Amanda Bernardo

If you live in or near New Haven, Connecticut, you may be familiar with the hidden gem that is “New...

Shirley_Setia Shirley_Setia
Women Who Disrupt1 week ago

Meet Upcoming Bollywood Star Shirley Setia

Shirley Setia is the little Kiwi that could. Coming out of seemingly nowhere with a hit cover on YouTube, she...

two people shaking hands two people shaking hands
Diversity in Tech1 week ago

How the Best Leaders Create and Build Trust in a Modern Workplace

Being a leader in any setting can be challenging but within professional settings, you really are juggling a lot at...

Jay Majors Jay Majors
Executive Voice3 weeks ago

How Jay Majors Is Disrupting The Barber Industry

When we see a successful figure in any industry, learning their story, where they came from, and how they’ve struggled...

Daymond JOhn Daymond JOhn
Executive Voice3 weeks ago

Daymond John Can’t be Stopped

Perhaps you know Daymond John from the wildly popular show Shark Tank. Or maybe you’re familiar with his revolutionary clothing...

Finance3 weeks ago

Ryan Carroll Establishes Wealth Assistants to Serve as a Launching Pad for Hopefuls Worldwide

Countless highly accomplished personalities and established authorities have proven that the pursuit of one’s passion can be a way to...

Business4 weeks ago

Social Media Star, TheBlondeJon’s Journey from Homelessness to Multimillionaire Status

A strong self-belief in oneself is a powerful enabler no matter the obstacles or challenges one faces on a journey....

Trending

Copyright © 2020 Disrupt ™ Magazine - Disrupt is a Minority Owned Privately Held Company

Disrupt ™ is the voice of Latino entrepreneurs around the world. We are part of a global movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities around the world. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. This Podcast was designed to give them a taste of that.