Unleashing Innovation across Value Chain: Theme for NCYM 2012

Theme for  38th National Competition for Young Managers (NCYM)  has been released. This competition is held every year by All India Management Association (AIMA). To quote from AIMA website

"Competition has been the key factor in AIMA's thinking to attain excellence. To promote this excellence in Young Managers, AIMA has been conducting the National Competition for Young Managers for the last 33 years. The Corporate Sector sees this competition as an important and keenly anticipated training tool for their Young Managers.

The participants in the NCYM deliberate on a theme of national importance. The Competition is first held at regional levels to qualify for the finals at national level. The Competition provides an excellent platform to young managers to exhibit their talent, leadership skills, knowledge, experience, professional prowess and creativity in preparing them to become “Leaders of Tomorrow’ and thereby win recognition of excellence."
This year is the 38th edition of NCYM competition.

Theme for NCYM-2012 is:-

"Unleashing innovation across the value chain- A mantra for Growth"

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Innovation - The new age success Mantra

INNOVATION is a steps involved in taking new ideas through to satisfied clients. It is the conversion of new cognition into new products and services. Innovation is about creating value and increasing efficiency, delivering  Organizational growth in terms of market place percentage and gains. It is a sparkle that keeps systems and peoples going ever onward and upward. "Without innovation, new products, new services, and new ways of doing business enterprise would never emerge, and most organisations would be forever set in stagnation". 

Innovation, the development of new ideas, is utterly all important to safeguard and generate high end jobs, successful Businesses enterprise, better productions and services for our consumers, and new, more environmentally friendly processes. There are many Indian and international companies who have gone up to this challenge and drew the rewards for their innovative streaks. Industries that have invested heavily in Research and Development (R&D) have, in recent years,competed successfully in the global economy and have grown faster than the world economy as a whole.

Innovation can be classified on the basis of its Focus, Types and Sources.

FOCUS:         Technology, Organization, or External relationships,

TYPES:          Incremental or Radical

SOURCES:   Technology transfer,  or development of new business models/concepts.

Whatever be the type of innovation the key is to follow a strategy to unleash the hidden innovation potential in your organization to achieve high scale growth.