Question

Compare global, national, and local approaches to maximize innovation and creativity in IT projects.

In your opinion, what is the largest pitfall for offering an innovative product to a global marketplace?

Answer 1

Here is the answer for your question.

Comparision of Global, national, and local approaches to maximize innovation and creativity in IT projects.:-

Maximising innovattion and creativity in IT projects gives significant advantage over the other competitors and stands as a foundation for being a market leader in industry The innovation and creativity in IT projects also keeps the organisations to stay profitable in the industry.

Innovation and creativity also helps sometimes to service in the industry .

The best example is LEGO.

LEGO was ready to shutdown in the year 2000 but with the help of innovation and creativity, today it has become the market leader .

The global, National, and local approaches should focus on the customer, customer taste and preferences, customer interest and customers expectations .

The IT projects should consider various factors which includes the local, national and global.

While applying the creativity and innovation techniques in IT projects, the companies should focus on the factors which effects from various levels like global, national and local .

The local approaches includes :

- Government rules and regulations.

- Tax policies.

- Trade barriers.

- Availability of work force.

- Location and geographical barriers .

The national approaches includes

- Industry requirements

- Project acceptance.

- Trade policies

- Innovation regulations

The global approaches includes

- Market conditions

- Demand for IT products and services.

-Economic conditions.

- Globalisation policies.

- Trade policies.

Largest pitfalls for offering a innovative products to a global market place:-

- More advancements than the required innovation .

- Innovation which is not capable of handling

- Not following the ethics.

- Unable to adapt to new innovative product.

- The manufacturing and production units are mnot capable .

- Not suitable for global logistic .

- Global logistics unablle to handle the product

- Unable to market and sell the product.

- Product not having a specific use based on the specific people of specific country.

- Rules and regulations of foreign countries.

- Political factors.

-Environmental issues.

- Difference in cultures

-International laws and domestic laws.

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