Managing and innovation
Follows
Sources of innovation
CONTENTS - Introduction
- Sources
- Search tools & methods
- Innovation search space
1. SOURCES OF INNOVATION-INTRODUCTION “Innovation is the specific tool of entrepreneurs, the means by which they exploit an opportunity for a different business or service” – Drucker - Creativity = ideas, concepts & inventions
- Entrepreneurship = couples opportunities & resources
- Innovation = process of development & commercialisation
Strategies for idea/concept generation: Strategies for idea/concept generation: - research & analysis
- imitate or adapt
- seek inspiration
- consult ‘creative’ types
- apply systematic creativity methods & tools
- Eg: China’s imitation of Mercedes:Geely
Business creativity training is not: - logic, research, analysis or intelligence
- artistic creativity / right-brain
- being crazy / a rebel
- removal of structures, inhibitions or fear
- brainstorming or team building
- conceptual fluency - multiple responses
- mental flexibility - re-frame & change level
- defers judgement - avoid premature analysis & criticism
- tolerance - accepts ambiguous, diverse or opposing views
- challenging - assumptions & authority
- risk-taking - high energy, imagination
Do: Don’t: develop broad idea collect detailed data challenge everything accept assumptions re-frame problem tackle given problem consider in-action confuse action & solution identify obstacles focus on objectives
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