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Casual Articles - Innovation Management - The Need For Knowledge Managers
Residual Income is the Key to Financial Freedom e end of one working day.Robert Kiyosaki, author of Rich Dad Poor Dad, spoke often of how important it was to be financially free in this generation. Many of us have chosen to deny our fates and to choose a life full of success, by choosing financial freedom over financial security. While most know that on this journey, we have all learned that success is not a destination it is a jour But what do we do with all these ideas? An idea is valueless unless it is successfully implemented. From those 4000 ideas, a selection process has to be organised and many people with varied competencies need to be brought into the idea selection process if good decisions are to be made. And then those ideas have to be pushed through the innovation pr A Rainbow Reminder Series Article: Big Corps Cheat, Scam Models Change, But Rip-off Devils Don't Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation.I had been working for a major national known corporation (SCM) since turning 21. After becoming their #1 office equipment salesman in the nation, the "Big Corporation" didn't want to pay me all of the commissions that I'd earned. My immediate supervisor was sympathetic. I was pissed! "The Man" as you would call it today, had screwed me out of some of my bonuses an There are other useful definitions in this field, for example, creativity can be defined as consisting of a number of ideas, a number of diverse ideas and a number of novel ideas. There are distinct processes that enhance problem identification and idea generation and, similarly, distinct processes that enhance idea selection, development and commercialisation. Whilst there is no sure fire route to commercial success, these processes improve the probability that good ideas will be generated and selected and that investment in developing and commercialising those ideas will not be wasted. the need for Knowledge Managers The Economist (2003b) states that 3000 bright ideas are needed for 100 worthwhile projects, which in turn will be winnowed down to four development programmes for new products. And four such development programmes are the minimum needed to stand any chance of getting one winner. From the above it is clear that a large number of good ideas are required before the innovation process can truly begin. Given that the bright ideas themselves would have been chosen from a larger pool of general ideas, the problem becomes one of maximising idea generation before idea selection begins. A number of techniques can be used to generate vast quantities of ideas rapidly. For example, asking 100 participants to address a problem and generate five ideas an hour, results in 4000 ideas at the end of one working day. But what do we do with all these ideas? An idea is valueless unless it is successfully implemented. From those 4000 ideas, a selection process has to be organised and many people with varied competencies need to be brought into the idea selection process if good decisions are to be made. And then those ideas have to be pushed through the innovation pro Visionary, Strategist, and Tactician: How to Avoid Disaster entification and idea generation and, similarly, distinct processes that enhance idea selection, development and commercialisation. Whilst there is no sure fire route to commercial success, these processes improve the probability that good ideas will be generated and selected and that investment in developing and commercialising those ideas will not be wasted.Why is it important to know if your boss or customer is a visionary, strategist or tactician? The combination of oil and water should give you a clue. It is critical to know how you and your boss are 'wired.' If you are in sales it is especially important to understand the difference because if you approach a visionary in the same manner that you would a strateg the need for Knowledge Managers The Economist (2003b) states that 3000 bright ideas are needed for 100 worthwhile projects, which in turn will be winnowed down to four development programmes for new products. And four such development programmes are the minimum needed to stand any chance of getting one winner. From the above it is clear that a large number of good ideas are required before the innovation process can truly begin. Given that the bright ideas themselves would have been chosen from a larger pool of general ideas, the problem becomes one of maximising idea generation before idea selection begins. A number of techniques can be used to generate vast quantities of ideas rapidly. For example, asking 100 participants to address a problem and generate five ideas an hour, results in 4000 ideas at the end of one working day. But what do we do with all these ideas? An idea is valueless unless it is successfully implemented. From those 4000 ideas, a selection process has to be organised and many people with varied competencies need to be brought into the idea selection process if good decisions are to be made. And then those ideas have to be pushed through the innovation pr Do You Have To Spend Money To Make Money? I recently spoke with a franchise company that provides cleaning services. This enterprise has been in business for about 18 months. The company has ten employees, 115 clients and produces revenue of over $12,000 per month. Unfortunately, the company advertising expenses total of $5,000 every month! As a result, company profit only totals a little under ten p The Economist (2003b) states that 3000 bright ideas are needed for 100 worthwhile projects, which in turn will be winnowed down to four development programmes for new products. And four such development programmes are the minimum needed to stand any chance of getting one winner. From the above it is clear that a large number of good ideas are required before the innovation process can truly begin. Given that the bright ideas themselves would have been chosen from a larger pool of general ideas, the problem becomes one of maximising idea generation before idea selection begins. A number of techniques can be used to generate vast quantities of ideas rapidly. For example, asking 100 participants to address a problem and generate five ideas an hour, results in 4000 ideas at the end of one working day. But what do we do with all these ideas? An idea is valueless unless it is successfully implemented. From those 4000 ideas, a selection process has to be organised and many people with varied competencies need to be brought into the idea selection process if good decisions are to be made. And then those ideas have to be pushed through the innovation pr The Ten Commandments of Selling My Business an truly begin. Given that the bright ideas themselves would have been chosen from a larger pool of general ideas, the problem becomes one of maximising idea generation before idea selection begins.1. Thou shall not wait too long. Have you ever heard, “I sold my business to early?” Compare that with the number of times you’ve heard somebody say, “I should have sold my business two years ago.” Unfortunately, waiting too long is probably the single biggest factor in reducing the proceeds from the sale of a privately held business. Exit your business from a A number of techniques can be used to generate vast quantities of ideas rapidly. For example, asking 100 participants to address a problem and generate five ideas an hour, results in 4000 ideas at the end of one working day. But what do we do with all these ideas? An idea is valueless unless it is successfully implemented. From those 4000 ideas, a selection process has to be organised and many people with varied competencies need to be brought into the idea selection process if good decisions are to be made. And then those ideas have to be pushed through the innovation pr 5 Hot Spots to Tweak for Higher Conversion Rates e end of one working day.All successful marketers know the sale comes from the words or the copy. While the traditional definition of copy is salesmanship in print I actually take a broader approach. Copy is used in ALL your promotional sales and marketing material. That means any place there are words about your business there is copy. So it’s EVERYWHERE. Some people will drop lo But what do we do with all these ideas? An idea is valueless unless it is successfully implemented. From those 4000 ideas, a selection process has to be organised and many people with varied competencies need to be brought into the idea selection process if good decisions are to be made. And then those ideas have to be pushed through the innovation process. But the thing with problems is that they are never ending. The first problem solved is only the most pressing, that problem which is foremost in the bottleneck. And bottlenecks have to constantly be attended to. And then there are issues such as sustained awareness. 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/ You can also receive a regular, free newsletter by entering your email address at this site. Kal Bishop, MBA ********************************** You are free to reproduce this article as long as no changes are made and the author's name and site URL are retained.
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