Tuesday, March 22, 2022

ONLINE FACULTY DEVELOPMENT PROGRAMME


 

Dr.M.Selvam, Co-ordinator, Centre for Entrepreneurhip and Skill Development, briefed about the Significance of Start Ups in Manufacturing and service sector.

The speaker spoke about Essential steps, tips, strategies and ideas for starting up a new venture.Speaker emphasized that Innovation is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services.

The four key elements for innovation - Collaboration, Ideation, Implementation, Value Creation. Advantages of innovation - improved productivity, reduced costs, increased competitiveness, improved brand recognition and value, new partnerships and relationships, increased turnover and improved profitability.


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