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            | Topic: | History | 
        
            | Number of pages / Number of words: | 5 / 1201 | 
                
    
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In todayâs heightened competitive environment, innovation is critical for companies to survive. No longer can companies rely on their product portfolio to sustain business. Instead, companies need to envision, conceptualize and bring innovations to market that customers perceive to be of high value...
        
        
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Companies also need to have senior staffs who assume the roles of executive sponsors for projects, who steer them from conception, prototype to launch. These individuals need to exert strong leadership to obtain project funding and can also form cross-functional teams, responsible for inventing and researching ideas for their business units...
        
        
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                                    Relevance Of Industrial Relations In Today’s Changing Scenario
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