Tuesday, May 09, 2006

INNOVATION- A CLICHE ALREADY?

The word INNOVATION is part of daily management lingo. People mean different things by this word. To see what I mean by this difference, look at the dictionary meaning and thesaurus meaning for INNOVATION. Are they indeed the same? I bet you would find the thesaurus meaning much more stretched in meaning.
We will start a journey at this blog to comment upon the latest known thoughts on Innovation. We shall start soon with a book by Vijay Govindarajan and Chris Trimble titled 10 Rules for Strategic Innovators: From Idea to Execution. If you have any thoughts, let the debate begin right here! To me however, plain and simple, a hand wound charger for a mobile phone is ample proof that Innovation is alive! It also suggests that innovation has a context. This device might appear utterly useless to most of us, but do go and check the villages where there are power supply issues ( No I did not mean Delhi, though I agree the resemblances are close!) and the marginal importance of such a contraption comes out. That is what I mean by context.
Let's talk innovation!!!
Test

2 comments:

Mayank Krishna said...

Innovation has been much abused in recent times. Most of the times, the word "innovation" is wrongly used to describe a situation.

In the simplest terms, Innovation means new ways of solving old problems or looking at the current situation from an angle unknown to the world and it aims at making life easier.

Sometime back, Atul, one of my friends, shared with me Doblin's 10 types of innovation that can be used as a framework to view innovation. Here are they:
========================
1) Business Model (DELL)
how the enterpise makes money
2) Networking (Walmart)
Enterprise's Structure/Value Chain
3) Enabling Process (Siebel)
assembled capabilities
4) Core process (GECAS)
proprietary processes that add value
5) Product performance (Intel)
basic features, performance and functionality
6) Product system (MS Office)
extended system that surrounds an offering
7) Service (FedEx)
how you service your customers
8) Channel (MIKETOWN)
how you connect your offerings
9) Brand (VIRGIN)
how you express your offering’s benefit to customers
10)Customer experience (LEXUS)
how you create an overall experience for customers
=========================

For more on innovation, do visit: http://en.wikipedia.org/wiki/Innovation

Cheers,
Mayank

Manish said...

To add on to Mayank Krishna's comment, what about innovation in everyday life?

Do read the book extract from The Paradox Process on my blog

http://manish-justlikethat.blogspot.com/2006/05/paradox-process-by-derm-barrett.html

By the way, the sketch in one of your posts looks hardly like you.