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Rachana Dhanraj

Innovation sets up camp where value creation is taking place. Chronologically the value creation hotspot started in the Industrial Economy, and moved on to the Experience economy. Currently, value is generated in the Knowledge economy, and in the future it will transition into the Transformation Economy. For this future, I forecast three innovation types which could provide effective results. My research fills a gap that all three innovations bank on: multi-stakeholder collaboration. The solution I propose is impromptu and brings together experts from non-related fields to tackle an issue – the practice of Jugalbandi.  Along with resolving the concern, a byproduct in this approach is the production of innovation.       

 

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