Innovation - A Tool for Prosperous Growth

Homepage  | Add to Favorites

 

Search
Recommended Products
Related Links


 

 

Featured Articles

Buying Jewelry For Your Business Part 1 Buying Gold Jewelry
Whether you presently own a retail or web based business and are looking for an additional profit center or you are thinking of starting a business, jewelry is a “no-brainer” choice for a proven product category. The buying public, (particularly...



Truth or Consequences: How to Give Employee Feedback
In the bestseller, Good to Great, Jim Collins discovered that, "the good-to-great companies continually refined the path to greatness with the brutal facts of reality." And, in his recent autobiography, Jack Welch reports that he spent about...

What is the CMMI?
WHAT IS THE CMMI? The CMMI is a model for improving and appraising the performance of development organizations. It stands for "Capability Maturity Model Integration". It is published and developed by the Software Engineering Institute in ...


A Financial Case for Leadership Development
In the competitive world of business, companies may decide to forgo leadership training in order to cut costs. However, a high-quality Leadership Development course can save six figures off a company's bottom line each year. Not only does a...

 
Google
Innovation Management – changing the world!

However, all too often the concept of innovation is intricately linked with radical change. In fact, the opposite is true:

Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation.

There are distinct processes that enhance problem identification and idea generation and, similarly, distinct processes that enhance idea selection, development and commercialisation. Whilst there is no sure fire route to commercial success, these processes improve the probability that good ideas will be generated and selected and that investment in developing and commercialising those ideas will not be wasted.

However, all too often the concept of innovation is intricately linked with radical change. In fact, the opposite is true:

a) Most successful innovations take advantage of existing technology, are moderately new to market (not radically new), support existing behaviours, support customer needs and save money.

b) Radical innovation is the result of incremental change. Small changes can have radical effects and when considered over time, cause radical shifts. An example of this is looking at an old photo – very minute changes make big differences over long periods. An examination of any artists work will show incremental changes for periods before new knowledge or other inputs lead to radical shifts, which are then experimented with


incrementally for periods.

c) Radical innovations are actually the result of invisible periods of incremental change and previous periods of radical change. The Internet resulted from the connectivity of the PC, which developed out of the mainframe, which owes its existence to the solid state transistor, which evolved from the earliest cathode ray tubes and so forth.

These topics are covered in depth in the MBA dissertation on Managing Creativity & Innovation, which can be purchased (along with a Creativity and Innovation DIY Audit, Good Idea Generator Software and Power Point Presentation) from http://www.managing-creativity.com.

You can also receive a regular, free newsletter by entering your email address at this site.

Kal Bishop, MBA

You are free to reproduce this article as long as no changes are made and the author's name and site URL are retained.

ABOUT THE AUTHOR
Kal Bishop is a management consultant based in London, UK. He has consulted in the visual media and software industries and for clients such as Toshiba and Transport for London. He has led Improv, creativity and innovation workshops, exhibited artwork in San Francisco, Los Angeles and London and written a number of screenplays. He is a passionate traveller. He can be reached on http://www.managing-creativity.com.


 


Visit these sites in the Information Organizers Network
Government Funding | Repair My Credit Now | Best Home Business Ideas | Online Business Ideas | Non-Profit Management | Attitude of Gratitude | Great Affiliate Sites | Civic Engagement Foundations | Health Foundation Grants | Grants for Building | 100 Best Small Business Ideas | Philanthropy News | Free List of Baby Girl Names | Prosperous Spirit | Affiliate Marketing Pros and Cons | Community Development Corporation
Edited by:Michael Saunders

©2009 Information Organizers, LLC