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Conservative Investment Management Pays for This Firm
It is genrally not a good idea for an independent financial adviser to endorse specific companies or products by name and this article is not intentionally written as an endorsement. But when another industry magazine printed an article sub-titled...
Debt Management Advice
The best debt management gives you the most financial options.
By making regular payments and having a low debt to income
ratio, you can access credit when you choose. If you aren't in
that situation, then ask for help from the variety of...
Debt Management UK - Time Tested Formula For Freedom From Debts.
UK residents seem to enjoy a strange relationship with debts.
While they cannot do with a large debt load over their
shoulders, they also cannot do without incurring them for long.
If a survey is to be taken out of the most rash spenders,...
Quality Management: Organizational Needs
Any business out there can benefit from quality management.
Whether you are producing thumb tacks or if you are producing IT
equipment, there is little doubt that they need to be of the
highest levels of quality. Yet, as your business grows, you...
Time Management and Working to Succeed
Time management is the process of working to succeed. When you
are working to succeed, you are reaching your goals. Another way
to look it is the popular phrase "begin with the end in mind."
Sometimes it is difficult when times are constantly...
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Creativity and Innovation Management- Turning Ideas into Action
The phrase “turning ideas into action” is a Russian doll.
Managing the ideas to implementation process is important for at least two reasons:
a)To make effective use of resources – investing in one idea uses resources that could be applied to another idea. Yet all ideas do not have the same likelihood of success.
b)To prevent re-engineering. There is often not enough time to properly develop and commercialise a product but there always seems to be time to go back and fix it. It has been estimated that the cost of re-engineering ranges from the low to high billions every year.
Effective idea to implementation involves a number of disciplines:
a)Effective idea selection – the first stage of innovation. Innovation can be defined as idea selection, development and commercialisation (as opposed to creativity, which can be defined as problem identification and idea generation).
b)Effective idea development – which involves a second tier of competencies. Where effective idea selection may be management, sales and end-user focused, idea development also requires technicians, designers and the like.
c)Effective idea commercialisation – which involves yet a third tier of competencies.
Each of the above can further be drilled to improve effectiveness. For example, idea
selection can involve:
a)Selecting ideas according to type. Some idea types have a higher probability of success than others.
b)Selecting ideas according to strategic, competency and technical fit.
c)Selecting ideas according to practical impediments.
d)Selecting ideas at various stages of the idea funnel.
e)Selecting ideas according to end-user benefit.
There is much more to this….
These and other 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
Kal Bishop, MBA
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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.
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