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Casual Articles - Innovation Management - some ideas are better than others
The question about how much blame is not about determining any verdict of guilty or not guilty as the courts will do this. It really relates to shareholders, employees, community and country losses suffered as a result of the collapse.In the end various parties have and may still be found to
f) Trend following.
Of these, the random event was the most successful (92.9%) with least failures (7.1%). However, this type of idea requires previous knowledge or experience on some level – for example, an individual who has worked in an environment previously may uti
There is a flourishing business in Used Conveyors and conveyor parts. Original users sell them for various reasons, like expanding, streamlining or modernizing their facilities. Dealers with large storage space buy secondhand equipment for resale. These are sometimes sold as they are or, in many cas
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.
One of the useful methods of valuing ideas is to compare the type of idea with those types of ideas that have previously been most successful.
Franklin (2003) notes that some kinds of ideas are more successful than others. He notes six types:
a) Need spotting – involves actively finding an answer to a problem.
b) Solution spotting – involves finding a problem for a solution.
c) Market Research – ideas generated as a result of market research.
d) Random event – moments of serendipity when people stumble across answers they weren’t looking for.
e) Mental invention – pure random ideas with no previous knowledge of how they may be implemented.
f) Trend following.
Of these, the random event was the most successful (92.9%) with least failures (7.1%). However, this type of idea requires previous knowledge or experience on some level – for example, an individual who has worked in an environment previously may util
In my regular newsletter, I pointed out how companies should empower and support frontline staff to do what the supervisor ultimately does, without having to check with the supervisor each and every time.Many readers sent in follow-up questions and suggestions.***Question: ‘If w
One of the useful methods of valuing ideas is to compare the type of idea with those types of ideas that have previously been most successful.
Franklin (2003) notes that some kinds of ideas are more successful than others. He notes six types:
a) Need spotting – involves actively finding an answer to a problem.
b) Solution spotting – involves finding a problem for a solution.
c) Market Research – ideas generated as a result of market research.
d) Random event – moments of serendipity when people stumble across answers they weren’t looking for.
e) Mental invention – pure random ideas with no previous knowledge of how they may be implemented.
f) Trend following.
Of these, the random event was the most successful (92.9%) with least failures (7.1%). However, this type of idea requires previous knowledge or experience on some level – for example, an individual who has worked in an environment previously may uti
If you’d like to be “set for life” as the owner of a multi-million dollar business -- sitting back and collecting a six-figure salary while other people (who have several years of business experience) “run” everything for you –- then this article will show you how. Listen to this: I've
Franklin (2003) notes that some kinds of ideas are more successful than others. He notes six types:
a) Need spotting – involves actively finding an answer to a problem.
b) Solution spotting – involves finding a problem for a solution.
c) Market Research – ideas generated as a result of market research.
d) Random event – moments of serendipity when people stumble across answers they weren’t looking for.
e) Mental invention – pure random ideas with no previous knowledge of how they may be implemented.
f) Trend following.
Of these, the random event was the most successful (92.9%) with least failures (7.1%). However, this type of idea requires previous knowledge or experience on some level – for example, an individual who has worked in an environment previously may uti
When studying brand name marketing and line extension on a product it is necessary to look at reasonable, relative and current case studies. Too often academia and business colleges that produce MBA students are too busy looking at the past and what worked then or did not work. Studying current to
c) Market Research – ideas generated as a result of market research.
d) Random event – moments of serendipity when people stumble across answers they weren’t looking for.
e) Mental invention – pure random ideas with no previous knowledge of how they may be implemented.
f) Trend following.
Of these, the random event was the most successful (92.9%) with least failures (7.1%). However, this type of idea requires previous knowledge or experience on some level – for example, an individual who has worked in an environment previously may uti
Everybody remembers their first job. Maybe you flipped hamburgers as a student at the local burger joint. Maybe you delivered pizzas to the good citizens of your town. Maybe you bagged and carried out groceries at the local grocery store. There are tons of these types of student jobs out there.<
f) Trend following.
Of these, the random event was the most successful (92.9%) with least failures (7.1%). However, this type of idea requires previous knowledge or experience on some level – for example, an individual who has worked in an environment previously may utilise that tacit knowledge to solve a problem that becomes evident later.
Very close to the above is solution spotting with an 87.5% success and a 12.5% failure rate. Again, this idea type requires previous knowledge: the innovator consciously seeks a problem to apply that knowledge to.
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.
You can also receive a regular, free newsletter by entering your email address at this site.
Kal Bishop, MBA
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