A look at INNOVATION and INNOVATION MANAGEMENT in Asia and beyond. You can also check out the very popular introductory flash presentation on innovation. Note the new URL: http://innovation-definitions.blogspot.com
Monday, December 29
What does it take to innovate?
"An iconoclast . . . A person that does something that others say can't be done."
- Gregory Berns, Iconoclast
"Fear is the greatest inhibitor of innovation."
- Gregory Berns, Iconoclast
Anybody with even the tiniest interest in innovation knows the importance of "thinking differently" or "thinking outside the box." These phrases are often thrown about willy nilly without spending much time digging down to discover just how we actually go about thinking differently. Or, better yet, what stops us from thinking differently? I've worked in many business environments in different parts of the world and I can say from my own experience that, for the most part, it is continuity, not thinking differently that reigns supreme. In the context of innovation, this is the "C" word. Fear is the "F" word. Of course, continuity and fear are often garnished with the usual "we value our people" or "we are an innovative firm/city/nation etc." lacquer. Horse crap. As you can tell, I've become quite cynical towards this whole innovation thing. But we should also remember this:
"All businesses, no matter how strong they seem to be at a given moment, ultimately fail -- and almost always because they failed to innovate."
- Thomas K. McCraw,Prophet of Innovation
So we have a strange situation: we know we must innovate, but, at the same time, we are incapable of doing so. Unless . . . ?
Below is an interesting talk from Gregory Berns, professor of psychiatry and behavioral sciences at Emory University, on what happens to individuals in group settings at the level of the brain. I love this bottom-up approach to innovation.
By the way, please note the new Blogspot address for my Blog: http://innovation-definitions.blogspot.com or simply http://www.brokenbulbs.com
Trust is at an all-time low here in America. People have been burned financially and it may take some time to get back to the good old days. Looking at many of the recent financial scandals, including the recent one concerning Madoff, it's worth pulling one of innovation's key ingredients back in from the cold: come on in imagination. Take a seat at the fire.
Remember those silly creativity games that people in workshops play: "Think of as many uses as you can for this toothbrush!" or "How would a heavy metal guitarist solve this problem?" You know: all that "airy fairy" stuff. The stuff that really hurts the brain to even think about. The stuff that adds nothing to the bottom line.
But, you know what, if somebody had actually asked some crazy questions, some people would still have a lot more money in their pockets. It's good to question "conventional wisdom": Maybe that guy in the suit is a fraud? Or maybe, even, all those Ivy League schools don't produce people quite as clever as we are all lead to believe.
You know that many in North Korea believe that Kim Jong-Il is an expert horseman and scored 11 holes-in-one in his first-ever round of golf? Yet North Korea isn't the only country whose people are force-fed fabrication.
Imagination. Trust. Never underestimate their contribution to innovation.
[Link]: Andy Xie, a U.S.-born Chinese economist, talks with Peter Day about the Chinese economy in the BBC's Global Business podcast.
I remember hearing a podcast a while back and one of the speakers made a comment that has stuck with me for quite a while. He said that one of the problems with making money online is the fact that the psychology of the Web is different from more traditional retail spaces in that it is free. Yes, there is a tendency to expect stuff for free on the Web. There is also a vast amount of business knowledge out there and it has had a massive effect on people who previously wouldn't have been able to access it. It's all there for the taking. And people are taking, taking, taking. This is good (I think). It's pretty neat that somebody with a computer and the will to educate themselves can sit down and access a world of knowledge without having to pay a penny for it. Even if this humble little blog helps just one person learn something, it has served its purpose. Some people have asked me, "What's the point in blogging?" This usually pisses me off. Isn't it our duty to help people? And forget about giving money. I'd rather be sharing knowledge than sticking $5 in an envelope as a way to feel better about myself! Give a man a fish . . . and all that.
I came across this via the Stephen Shapiro Innovation blog. I thought it was hilarious. Some of the places mentioned are very local to England, but they really do get the message across. "The Watford Warrior Weekend" is irresistible to anybody who wants to succeed!
"The profitable implementation
of ideas." - Broken Bulbs (2005)
This definition includes three core elements of innovation: ideas; implementation; and profit. If you dislike the term "profit," you can replace it with "social or economic value." So: "The implementation of ideas that create social or economic value." Broken Bulb's definition draws from these authoritative sources:
"Implementing new ideas that create value." - Innovation Network, U.S.A.
"The intersection of invention and insight, leading to the creation of social and economic value." - U.S. National Innovation Initiative (2004)
"The development of new ideas and their economic application as new products or processes." - U.K Dept. Trade and Industry
INNOVATION: UNDER THE BONNET (HOOD)
When thinking about innovation, it's worth keeping the following points in mind:
- innovation is a multi-dimensional construct - an innovation can be described by type (process, product, service, business model, value, market, brand, channel, price etc.) - and degree (incremental, semi-radical, radical, transformational etc.) - an innovation can be described as a user innovation (the developer benefits by using it) or - a manufacturer innovation (the developer benefits by selling it) - a definition will emphasize a particular unit of analysis (e.g. task, project, individual, group, SBU, firm, region, or nation) - a definition can, therefore, take a broad or narrow perspective - a definition can take a supply- or demand-side view - viewing innovation as either product or process, while useful, is overly simplistic - a sustaining innovation can be radical or incremental - a disruptive innovation, by contrast, emphasizes a dimension of a product that incumbent firms' most profitable customers don't especially value. - the same author may use a number of different definitions, depending on which dimension is being discussed. - innovation can also be viewed as attitude: "There must be a better way."
My passion and interest is in innovation and brands in international business. Recently completed post-graduate research into the innovation strategies of Taiwanese firms active in multiple country-markets as part of an MSc (distinction) in International Marketing. Originally from Scotland. I recently moved to the United States (CT) and would love to work in a corporate university or traditional university setting. Thanks!
"Though the outcomes of successful innovations appear random, the processes that result in their success often are not." - Clayton Christensen (2003)
"He who innovates will have for his enemies all those who are well off under the existing order of things, and only lukewarm supporters in those who might be better off under the new." - Niccolo Machiaveli, The Prince
"The true pacemakers of socialism were not the intellectuals or agitators who preached it, but the Vanderbilts, Carnegies and Rockefellers." - Joseph Schumpeter (1942, p. 134)
"Dear President Jackson,
The canal system in this country is being threatened by a new form of transportation known as "railroads" . . . If the canal boats are supplanted by railroads, boat builders would suffer, and towline, whip, and harness makers would be left destitute . . . God never intended that people should travel at such breakneck speed."
Sincerely,
Martin Van Buren Governor, State of New York, 1829
"Some good experiences will always be scarce." - Matt Mason, 2008