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All Fortunes Begin with an Idea!
A new idea is merely the combination of two or more old ideas. The creation of a new idea is the critical first step in establishing any business. People who dream of setting up their own business but don’t succeed, generally fall into one of...
Choosing a Winning Business Idea
You've probably heard it a hundred times by now - if you want to make alot of money with an online business you have to offer your own product or service. Well, make that a hundred and one times...
It's true. Although affiliate programs are...
Guaranteed Sign Ups-What Are They?
Every business needs customers that's axiomatic. When you work on the net, the only way to get customers is to get them to your website. There are many ways to do that. You send send traffic to your site You can link to other sites You can...
Innovation Management – what problem is being solved?
Franklin (2003) reported that many innovations fail due to a lack of focus. This sentiment is echoed by Doug Richards ....
Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea...
Lasers and High-Performance Cutting
When is a balloon not a balloon? When it’s a technical problem, a design challenge, and an inspiration for the development of new and more efficient cutting equipment.
EdgeWISE Tools founder Pat Momany — didn’t start out at the high-tech...
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The Wheel v2.0: On the Road to Innovation
"There is a village, which is hidden in the shadow of a
mountain. Everybody is suffering from a lack of light. One day
the eldest of this village leaves for the mountain with a
teaspoon in his hands. The others ask him what he intends to do.
He replies that he is going to move the mountain. "But you will
never succeed" they cry out. "No. I will never succeed. But
somebody has to start.", Misty's Big Adventure - Wising Up
There's been a lot going on this week in terms of technology.
The innovation waggon has been trundling along at a merry old
pace, and so I thought I'd bring you my road map to "true"
innovation, which is a lot more than just providing something
better, cheaper or quicker than your competitor. It's about
three things, so let's look at the first one.
STEP #1: THE IDEA
German students, gor bless 'em have been working on an idea that
could net them a bundle. It's an everyday, run-of-the-mill beer
mat. But it's not. It's electronic. This little device can
detect when a glass is empty, and then send a signal to the bar
staff to refill the glass automatically.
This is the first step on the road to innovation. These lads
have had the idea, and tested it so they know it works. But an
idea is worthless unless you can find someone who's willing to
make your dreams into a reality. We've seen plenty of science
programs like Tomorrow's World and whatnot, and we're all
familiar with the stereotypical beardy scientist who has a new
invention that he's sure will revolutionise the way we
do...whatever it is he thinks we can do better...or quicker...or
without the neighbours complaining about the noise. If you're
like me - and you're not - you get all excited and you never
hear from them again. That's because many inventions die unless
they're gobbled up by a bigger fish. Which brings me to my
second step.
STEP #2: MAKING IT HAPPEN
The big players like Sony and Microsoft are already getting into
a new technology called "electronic paper", and peripheral
devices for phones and PDAs are already in development to start
using it. It sounds like something out of a bad novel set in the
future, but it's true. E ink have already developed a high
contrast, portable, paper-like display device which is made from
the same substances as standard paper and ink.
The practical upshot of all this is simply that we get a very
lightweight display unit which we can fit in our pockets. But
how many people will go for it? It's new and exciting, but it's
still just black and white, and I think the average man on the
street knows that for the sake of a bit of bulk he could get a
better quality display in colour, without making such a dent in
his bank balance.
You see, our beardy scientist friend from Tomorrow's World, and
his big fish manufacturers still have a long journey ahead of
them. He's had the idea, he can make the stuff, but now it needs
to work in the real world. OK, there maybe a few thousand who
can afford this great new piece of kit, but what
about the
everyday man on the street?
STEP #3: THE ROLL OUT
After the initial boom, when your new idea has been plastered
all over the news, and the great and the good - and Richard
Branson - have all queued up to be the first to get their sweaty
palms on it, comes the reality. How can this be made affordable,
so that everyone can get hold of it?
At this point, our beardy scientist and his big fish cronies are
left to their own devices. They're happy because the rich and
famous are buying up their goods like there's no tomorrow. But
while they're sleeping, someone else is working out how to do it
cheaper. And that's the thing. It's great to have an innovative
concept, but if you can't maximise the number of people who can
use it, it's...a bit pointless.
On Monday 26th of last month, a London-based firm announced the
arrival of 24 megabit broadband Internet access for only £24 a
month. To put that into perspective, that's nearly 50 times
faster than entry level broadband, and between 12 and 24 times
faster than the current standard.
At the moment it's only available in the London area, but Be,
the company offering it, are planning to roll this out for the
rest of the UK's BT customers in the space of a year. This could
come as a blow for companies such as Telewest and NTL who use
their own, separate telephone and broadband lines. But does it
mean that they'll be thinking of offering the same service for
around the same price, or will they try to out-price Be? In a
few years' time, yes, why not? Because the fact is, the final
step in the innovation process constantly repeats: things become
cheaper and more accessible with each iteration, until the
product becomes obsolete and we start from step one all over
again.
So what can we learn from all this guff? Well, I placed a quote
at the beginning of this article from one of my favourite bands,
Misty's Big Adventure. I think it's a useful little story
because it basically explains my point. We may have the idea to
make things better, but we've got to fit somewhere in the chain.
No-one wants to be the guy with the teaspoon, because he'll
never be able to finish what he's started. We'd much rather be
the person who comes along and finds a way to do it quicker, and
finishes the job. But the fact is, if that man hadn't gone to
the mountain in the first place, we'd still be at home twiddling
our thumbs.
So my point is this: be a part of innovation in whatever way you
can. If you've got an idea, try to make it happen. If you're the
one asking "why the hell does this cost so much?" why not stay
up one night with a pen and paper and try and work it out? You
never know, you might find the answer.
Mark Steadman 06/10/05 For more, visit our web design website at www.msomedia.com
About the author:
Mark Steadman is the director of the UK-based web design company
MSO Media. Visit www.msomedia.com for more information
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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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