The Road to Innovation Starts from the Real One

The Road to Innovation Starts from the Real One...

One of the keys to build any successful business is being able to come up with new ideas to keep operations, products and services fresh and exciting. The process of bringing those ideas to execution in reality is called innovation. While thinking up new creative ideas is one step of the process. Businesses have a much greater task in trying to turn that process into an actual product or service that will benefit customers.

Defining a managerial approach to innovation arises with shaping a better understanding of the problem we need to solve. 

Innovation is the lifeblood of entrepreneurship. It is attractive and catches up interest. It gives a new version to old ideas and products.

Innovation Is Never A Single Event

Alexander Fleming invented penicillin in 1928, but it wasn’t until 15 years later, in 1943, that the miraculous drug came into widespread use. 

We tend to think of innovation as arising from a single brilliant flash of mind, but the truth is that it is a drawn out process involving the discovery of an insight, the engineering a solution and then the transformation of an industry or field. That’s almost never achieved by single person or even within an organization.

To become innovative, one needs to be curious. Curiosity is natural, and it’s free. We all come into this world with it. Albert Einstein in Old Man’s Advice to Youth alerted, “The important thing is not to stop questioning”. As children, we were born with an instinctive curiosity about the natural world and all cause and effect around us. Innovation thrives when you enable your employees to be creative and collaborate across hierarchies and disciplines with balanced freedom of top-down objective and bottom-up innovation.