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7 Strategies for Sustained Innovation
The need for constant reinvention is a given in today’s business environment. And while a breakthrough product or concept can catapult an organization ahead of its competitors, in these fast-paced times, that advantage is often short-lived. While...
Creativity, Innovation and the importance of Spontaneity
Spontaneity occurs when ideas or behaviours are expressed without evaluation. This lack of evaluation is the key to good idea generation. Some of the links include:
a) Large, quality idea pools are built up through a separation of...
Innovation Management – Diversity Can Make All The Difference
Companies are welcoming a diverse range of employees (The Sunday Times, April 10 2005). Doh!
It is incredible that this concept is getting coverage in 2005. I mean, how many new ideas, novel ideas and divergent thinking is going to come from an...
Innovation Management – Idea Selection, Development And Commercialisation, What Are The Differences?
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...
Top of the Mind Awareness in Equine Marketing: Familiarity Breeds Sales
One of the large challenges you face as an equine marketer is
achieving what marketing professionals call "top of the mind
awareness" of your horses and business.
What is Top of the Mind Awareness?
Top of the Mind Awareness, or...
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Sex up your business growth
A top executive called up me late in the night. He was still awake at 3 o’clock. He told me that he has not been sleeping for last 3 nights. Problem at his working place is working it effect on his marital life with wife. Although problem in professional life was manageable to some extent. But the bottom line was heading towards south. He was always busy in solving problems to the extent of guilty of ignoring the happening in market. He wanted help in solving problem.
What could be the solution of his problem? Is there a permanent solution to any business situation? Chemistry of business is a fast changing genes very different from human being. There could not be any fix solution leave alone a permanent to any problem. Problems in business are bound to raise their heads sooner or later. Would you like to keep solving the problem at the cost of growth?
My observation and suggestion is, if your time is getting messed up more than 30% in day to day problem of your business, there may be a very serious problem at hand. It is the clear sign that either you need a person to solve these problems and get the house in line or you are heading straight into the dead wall. It is just matter of time; you will end up at the street which will go nowhere.
All the top executives are guilty of this trait. We all are taught that solving problem is most important as old saying goes. If you are not a part of solution, you are part of problem. But let me explain no organization has survived and moved on to become leader just by solving problem.
Take example of Digital, Compaq, and Amdahl etc. They all got problem, they solved it
but in the process loose there focus on the innovation. As Peter Drucker said, “The market is a harsh who will dismiss even the most faithful servant without a penny of severance pay”. All these one time king of industry went in to spirals of problems and lost the ground to others at other players. Compaq ate up DEC and HP ate up Compaq. Now HP is facing the same dilemma.
If we see the market and the market leaders. It is very clear that growth can solve a hell lot of problems itself. In fact in a growing company problems just do not arrive at all. But you can’t grow all the time that is law of market. But you have to innovate in your business insight to see new market to jump in before your old one kill you under its own falling weight. Only opportunity not the problem can solve the problem permanently. It is the death time of any organization when its innovation engine dries up. If they can’t see any new market and opportunity. They will get killed in this race where any product life is getting shorter day by day.
Digital and Compaq became leaders in their respective segment by exploiting the opportunity. And innovating new offering to customer. And when they became leaders, vanity killed their innovative minds and in the process they got terminated by others.
So solve your problems but relax and do not loose you sight on opportunities. As old adage goes, our productivity is directly related with our ability to relax.
About the Author
Arvind Kumar is an internet marketer and consultant for last 3 year. He is founder and CEO of www.nuttymarketer.com . You can reach him at arvind@nuttymarketer.com .
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| DTI - Welcome to the DTI's Innovation Home Page |
| The DTI is working to stimulate a significant increase in innovation throughout ... It covers Living Innovation, web streaming of a series of high profile ... |
| www.dti.gov.uk |
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| Innovation - Wikipedia, the free encyclopedia |
| An innovation in this light occurs whether or not the act of innovating ... A convenient definition of innovation from an organizational perspective is ... |
| en.wikipedia.org |
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| National Innovation Website |
| The Department of Industry, Tourism and Resources has developed this website to raise awareness of the importance and benefits of innovation and ... |
| www.innovation.gov.au |
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| Innovation, creativity and brainstorming resources from ... |
| A comprehensive site designed to provide busy entrepreneurs with a focused collection of the best resources on innovation, creativity, and brainstorming. |
| www.innovationtools.com |
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| Innovation Weblog - Trends, resources, viewpoints from Chuck Frey ... |
| The Innovation Weblog - Valuable trends, resources and viewpoints in innovation, creativity and brainstorming from Chuck Frey at InnovationTools. |
| www.innovationtools.com |
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| CORDIS: Innovation Portal: Home |
| This Innovation Portal is supported by DG ENTR of the European Commission, ... European Commission adopts new Communication on Innovation: on 13 September ... |
| cordis.europa.eu |
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| CORDIS: Promotion of Innovation: Home |
| This programme stands at the cross-roads of the Community's policies on Research, Innovation and SMEs. |
| cordis.europa.eu |
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| Innovation Network... leveraging innovation, creativity and ... |
| The Innovation Network is an association of companies and employees committed to innovation. The site features some interesting articles as well as some fun ... |
| www.thinksmart.com |
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| Business Innovation : Car Reviews, Online Gaming, and Product Branding |
| If your in need of great Online Gaming material, we carry up to the minute news and reviews for all of your favorite games and gaming systems. |
| www.businessweek.com |
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| Innovation - Life, Inspired | PBS |
| Learn about fascinating innovations, explore interactive features, submit questions to our experts, investigate resources and lesson plans, and more. |
| www.pbs.org |
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| Innovation.org - Welcome |
| Impact of Innovation Saving & Improving Lives Controlling Healthcare Costs Strengthening ... Future of Innovation New Medicines in Development Next Wave of ... |
| www.innovation.org |
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| Innovation: See what people are saying right now on Technorati |
| See all blog posts tagged with innovation on Technorati. |
| www.technorati.com |
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| Innovation Relay Centres - The World Largest Network for ... |
| Innovation Relay Centres giving advice on Innovation, Technology Transfer and Exploitation. Major European source for innovative technologies or new ... |
| irc.cordis.lu |
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| The Tech Museum of Innovation | Welcome |
| The Tech Museum of Innovation - Welcome! The Tech Museum inspires and educates the innovators of the future. |
| www.thetech.org |
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| Pages tagged with "innovation" on del.icio.us |
| CoDev 2007 - Co-Development for Business Growth: Open Innovation and Alternatives ... PDMA & IIR's 5th Annual Front End of Innovation ... |
| del.icio.us |
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| innovation |
| Publication highlighting the research activities of NUS. The site provides snippets of selected articles online, and provides a subscription form online. |
| www.innovationmagazine.com |
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| Canadian Innovation Centre |
| Services includes invention evaluation, technology due diligence, market research, and education programs. |
| www.innovationcentre.ca |
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| London INNOVATION :: Home |
| Maximise your business potential through innovation. Learn the secrets of successful business innovation in London. |
| www.london-innovation.org.uk |
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| Eric Von Hippel's Homepage |
| Downloadable Books. Democratizing Innovation (2005) ... The Sources of Innovation (1988). Free download of the complete book. Permission granted by Oxford ... |
| web.mit.edu |
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| Intel Innovation in Education |
| www.intel.com/education/ - 3k - Cached - Similar pages |
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