Idea
Innovation Management - Time to Market or Time to Success? PDF Print E-mail
Sunday, 30 March 2008 10:01

Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation.

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.

Time to market or time to success?

Even today Innovation Consultancies trumpet their ability to increase time to market as opposed to time to success:

a) It is always possible to increase time to market – one way is by not carrying out proper due diligence and thus increasing the likelihood of failure.

b) Whilst there is never enough time available before pushing a product onto the market, there is always enough time to revisit what went wrong and fix problems. The cost of reengineering runs into the billions.

c) Speed and cost are considerations but good decision-making should be priorities.

d) Quick time to market does not guarantee profit. A strategy of time to profit makes more business sense.

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.

Kal Bishop is a management consultant based in London, UK. He has consulted in the visual media and software industries and for clients such as Toshiba and Transport for London. He has led Improv, creativity and innovation workshops, exhibited artwork in San Francisco, Los Angeles and London and written a number of screenplays. He is a passionate traveller. He can be reached on http://www.managing-creativity.com/

 
Innovation Management - the Root of the Problem PDF Print E-mail
Sunday, 30 March 2008 07:01

Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation.

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 root of the problem

Problem identification is often considered the most boring aspect of creativity. But it is in fact the most crucial. If you’re not working on the right problem, then you’re working towards the wrong solution; all energy, time and resources are being wasted. Ideally, problem identification should occupy more time than idea generation.

Further, leaders often perceive that problem identification can and should be reduced to one sentence. Depending on the situation, that may be wise, but it is also likely that the problem is more complex than at first appears and requires the development of a structure to break it down into manageable pieces and a process to identify the steps required to create a good solution:

a) Structure. A representation of the whole. All problems, especially complex ones, can be reduced into constituent parts and the whole problem solved by creating smaller sets of manageable problem solving exercises.

b) Process. The methodology that will lead to good solutions. From A to Z.

From the above, it is easier to see that, if problem identification is performed well, then pathways for ideas begin to automatically sprout. And what you need to generate quantity and quality ideas are lots of pathways to explore.

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.

Kal Bishop is a management consultant based in London, UK. He has consulted in the visual media and software industries and for clients such as Toshiba and Transport for London. He has led Improv, creativity and innovation workshops, exhibited artwork in San Francisco, Los Angeles and London and written a number of screenplays. He is a passionate traveller. He can be reached on http://www.managing-creativity.com/

 
Innovation Management - Six Crucial Steps PDF Print E-mail
Sunday, 30 March 2008 05:00

Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation.

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.

Six Crucial Steps

a) Immediate action. All existing products are on the road to maturation, competitors are hungry, you have to keep moving just to maintain market share, technological change is not getting any slower; you need to have at least the processes for adaptation in place.

b) Better value from data – rigorous analysis helps identify the right problem. Time on problem identification should at least match time on idea generation.

c) Idea generation requires a large number of people, a large number of diverse people and a large number of novel people. A large number of competencies, a large cross section of stakeholders and good leaders who know how to maximise creative output. All the elements of people productivity apply.

d) Idea selection requires a large cross section of stakeholders. 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. Requires good due diligence.

e) Good ideas have still to be reduced to the only the great ideas – refine the processes of development: stage gates, experimentation, tinkering, prototyping, designing and redesigning. Requires good due diligence.

f) Commercialisation – requires a large section of stakeholders to be involved.

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.

Kal Bishop is a management consultant based in London, UK. He has consulted in the visual media and software industries and for clients such as Toshiba and Transport for London. He has led Improv, creativity and innovation workshops, exhibited artwork in San Francisco, Los Angeles and London and written a number of screenplays. He is a passionate traveller. He can be reached on http://www.managing-creativity.com/

 
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