Innovation Skills and Knowledge: Impact on Business Practices

This assignment explores the concepts of innovation skills and knowledge, emphasizing their significance in business practices. It defines innovation skills as a combination of creative thinking, decision-making, and problem-solving abilities, along with functional and technical skills, while innovative knowledge is gained through experience. The assignment highlights the impact of innovative knowledge on business, including improved efficiency, goal achievement, and competitive advantage. It also provides examples of how individual innovative skills, such as critical thinking and presentation skills, contribute to professional success and organizational growth. The author shares personal experiences of applying these skills in a company setting, including contributing to group projects, developing presentations, and receiving promotions as a result. References to supporting literature are also provided, which further support the concepts of innovation skills and knowledge.

innovation skills and
knowledge

INTRODUCTION
 Innovation skills are usually a combination of individuals
ability to think creatively, decision making and problems
solving stabilities,
 as well as the functional and technical abilities while
innovative knowledge is gained by the person with an
experience (Bedir., 2019).
 It takes times to develop because person have to spend
long times to understand their job and create new idea.

Relationship and influence of innovation
knowledge and skills have on the business
practices
 Innovative skills refers to the talent in a person of
exploring and creating new ideas for the purpose of
gaining social or the economic value.
 Innovation skills are usually a collection of one's ability
to think creatively to provide benefits to the other and
make the things easy and some more skills like,
problem-solving ability,
 as well as functional or technical abilities. While
innovative knowledge means having experience of
working in any of the field that create knowledge in a
person.
 Innovative knowledge can help organization to take
competitive advantage's ad company can use their
knowledge to develop their product to satisfy their
customers needs and their demand.

To be Continue...
 Relationship and influence of the innovative knowledge
has huge impact on the business. If we are have innovative
ideas of doing work within the organization then we can
make our task easy and more effective for the company
(BEKTAŞ, SELLÜM and POLAT., 2019).
 It will be direct benefit to the organization, and they will
able to achieve their business goals and objectives. In of
the practices within the business need innovation
knowledge and skills, so we can take higher position
within the company.
 It is not only beneficial for us but also helps us in getting
benefits from the company as well like- promotions, salary
increments and good image within the superiors of the

Own innovative practices and development
practices
 I am also having some innovative knowledge and skills that I
have created by working in a company.
 We used to get group task within the company and before
working in company I have worked in some multinational
companies that helps me to develop knowledge and innovates
ideas.
 I used to helps other employees within the group to provide
innovates ways to work, and they send to take knowledge about
the work. It makes my team more effective as compare to the
other and most of the times we were the only who used to do
work on items, and we used to get extra incentives from the
company leaders for the task competitive.
 Some of the skills like critical thinking skills helps me to
complicated task in a easy way. I was having addition
perseveration skill (Meissner and Shmatko., 2019).

To be Continue...
 During the companies project submission I make proper
presentation for the product and development including
the new ideas about the product, development of the
product, growth of the company and all the other things
that can increase the profitability and growth of the
business.
 Leaders and managers were get impressed from my all the
ideas I give them within the presentation, and they
approved the presentation, and they use in their business, it
helps company allot and company was able to boost their
production and growth.
 This help me to get promotion within the company in
sometimes and. They make a company's supervisor. It was
an big achievement for me. Another innovative skills that

References
Bedir, H., 2019. Pre-service ELT teachers’ beliefs and
perceptions on 21st century learning and innovation skills
(4Cs). Journal of Language and Linguistic Studies.15(1).
pp.231-246.
BEKTAŞ, M., SELLÜM, F. S. and POLAT, D., 2019. An
Examination of 2018 Life Study Lesson Curriculum in
Terms of 21st Century Learning and Innovation Skills.
Sakarya University Journal of Education.9(1). pp.129-