Institutionalising Innovation as a strategy for Growth

Abstract

Innovation is natural process of Human Invasion. There are different ways of perceiving innovation. but to be specific this paper explains the importance of institutions in Institutionalising Innovation as a strategy for growth.It is a systematic process which is narrated in this paper How one can establish innovation as a habitual pattern? Growing competition forces the organizations to innovate two different ways through human force and Robotics. Otherwise organizations fail to stand in the global market. This necessity has become a cultural pattern of successfully leading companies in the world.

DOI: 10.5901/mjss.2014.v5n20p299