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Casual Articles - Creativity and Innovation Management: The Value Of Due Diligence
We have reached the halfway point in the 2006 season of commercials. We kicked the season off with the studs and duds of the Superbowl commercials where we all loved the FedEx cavemen and the Budweiser Streaker. But this season also featured the duds: the Nationwide Fabio parody,
b) Most innovations fail. And one of the major reasons for failure is the lack of a focused product that solves particular problems.
c) Group-think and other negatives cause bad deci
For those of you who are interested in culture, will probably know that there are many books on the subjects. Interest in culture is important if you are an expatriate who accidentally dwells in another country and is shocked by the way people live and work. If you are an touris
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 Value of Duel Diligence
One consideration innovators should be wary of in the rush to market is to not forego due diligence. That is, the temptation to forego, among other things, investigation into an idea’s feasibility, adequate market analysis and the questioning of the dominant assumptions. Due diligence is important for a number of reasons, including:
a) There may be no time before a product is rushed to market but time always seems to be available when faults are discovered. The cost of retracing steps and reengineering products runs into the billions.
b) Most innovations fail. And one of the major reasons for failure is the lack of a focused product that solves particular problems.
c) Group-think and other negatives cause bad decis
People have found numerous ways to ruin a meeting. Here are two myths that make everyone uncomfortable.1) Endurance implies strength.Back in the days of saber tooth tigers and walking to work, physical toughness was essential for survival. Now, modern managers have f
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 Value of Duel Diligence
One consideration innovators should be wary of in the rush to market is to not forego due diligence. That is, the temptation to forego, among other things, investigation into an idea’s feasibility, adequate market analysis and the questioning of the dominant assumptions. Due diligence is important for a number of reasons, including:
a) There may be no time before a product is rushed to market but time always seems to be available when faults are discovered. The cost of retracing steps and reengineering products runs into the billions.
b) Most innovations fail. And one of the major reasons for failure is the lack of a focused product that solves particular problems.
c) Group-think and other negatives cause bad deci
Looking for a job? Whether you are chaging careers, been fired or let go, a victum of downsizing, whatever, looking for a job can be a daunting task. Where do you begin?First, decide if you want to stay in your previous field or totally change careers and go down another pa
The Value of Duel Diligence
One consideration innovators should be wary of in the rush to market is to not forego due diligence. That is, the temptation to forego, among other things, investigation into an idea’s feasibility, adequate market analysis and the questioning of the dominant assumptions. Due diligence is important for a number of reasons, including:
a) There may be no time before a product is rushed to market but time always seems to be available when faults are discovered. The cost of retracing steps and reengineering products runs into the billions.
b) Most innovations fail. And one of the major reasons for failure is the lack of a focused product that solves particular problems.
c) Group-think and other negatives cause bad deci
When you are thinking about a career in media, you may be only thinking about the person who anchors the morning news; however, there are many more careers in media that are less obvious, but very challenging and rewarding as well. Media and the right and want to know is very impo
a) There may be no time before a product is rushed to market but time always seems to be available when faults are discovered. The cost of retracing steps and reengineering products runs into the billions.
b) Most innovations fail. And one of the major reasons for failure is the lack of a focused product that solves particular problems.
c) Group-think and other negatives cause bad deci
Technology provides often a source for change. But also, technology is responsible for the fact that changes do not happen as swiftly as possible. And one main ingredient in this dilemma is that existing technology is still suitable. Like the pair of shoes that are still valuable
b) Most innovations fail. And one of the major reasons for failure is the lack of a focused product that solves particular problems.
c) Group-think and other negatives cause bad decision-making and consequently unrealistic expectations. Clasic examples include the Segway Human Transporter and the Internet boom of 2000.
These 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/
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