Every company should have robust succession planning structure to ensure business continues to run smoothly by handing it over to next generation, said Ashish Kulkarni, Pioneering Creativity Founder - Punnaryug Artvision Pvt Ltd, Chairman of FICCI Animation, Visual Effects, Gaming and Comics (AVGC) Forum. He was speaking on the topic ‘Creativity in Business’ at the CIMCON 2024 event organised by Vidarbha Management Association (VMA) at Indian Institute of Management (IIM), Nagpur on Saturday. Kulkarni further said that an effective succession planning is essential to ensure critical roles are always filled in and business growth does not come to a stand still or becomes stagnant. A succession plan will also help to nurture most promising talent and provide them with clear career path, which will boost engagement and retention efforts.

 

He said that if a person does not have creativity he will have tough time in life. Creativity design is a way of thinking and finding solutions. Also, innovations have design thinking. “Emotional intelligence, design thinking and creativity are equally important for new age business as Artificial Intelligence is for the future growth,” he said. These skills should be part of design and structure of company and transition should be part of the philosophy. Companies will have to adopt the processes to emerging technology of Artificial Intelligence. Creativity in business is a way of thinking that inspires, challenges, and helps people to find innovative solutions and create opportunities out of problems. “It is the source of innovation and inspiration that drives growth in an organisation, he said. Creativity is vital in business because it enables innovative problem-solving and helps companies find unique solutions to challenges. It also gives businesses a competitive edge and boosts productivity”, he added.