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Showing posts with the label Creativity and Innovation

CHARACTERISTICS OF INNOVATORS

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 1. Innovators have compelling visions. They believe that they are part of something better to come in business and that their willingness to contribute to the vision will make that happen. 2. An innovator is opportunity oriented. He/she always seems to find an opportunity in any situation. One has enough confidence that if one thing does not work out, there is always another way to do it. 3. An innovator is self-disciplined. He/she knows that it takes self-discipline to achieve results. They prioritize their time so that they do the important work first. 4. An innovator is passionate about what he/she believes. Successful people have great passion for what they do. They put their efforts in achieving a particular thing and are totally focused on it till they achieve their goal. 5. An innovator is inner-directed. They are goal-oriented and do not need any one else to motivate them (they are self-driven). 6. An innovator is extraordinarily persistent. He/she just keeps on going and ...

SOURCES OF INNOVATION

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 Innovation can result from internal and external forces. INTERNAL FORCES 1. Unexpected occurrences. These can be failures or successes. It is through unexpected occurrences that new ideas are born from new information brought to light. 2. Incongruities This results from a company’s or industry’s perception and reality, for instance, the demand for steel continued to grow between 1950 and 1970, in the steel industry fell. This incongruity caused some innovators to develop a steel mill with a less expensive method of making steel. 3. Process needs These are innovations inspired to support some other products or process. For example, newspaper publishers devised advertisements to cover the expense of printing newspapers using the new printing equipment acquired. 4. Industry and market changes. Innovation is stimulated by changes in the market to meet the changing customer needs and to compete favorably with new products on market. EXTERNAL FORCES 1. Demographic forces This affects al...