Tuesday, June 5, 2007

Innovation

Innovation is doing something in a new way. It is about bringing in radical and incremental changes to a product, processes or services.

How to Innovate?

  1. Identifying the affects (or syndromes) with an existing product, processes or services
  2. Identifying the causes for the affects.
  3. Arriving at a solution and fix the cause.
  4. Now every other person may come up with a different solution.
  5. Innovation is about the best solution to a problem. It is thinking out of the box and bringing in a new radical change.

It may sound as if the innovation is problem solving. No, innovation is about finding the most effective solution to any problem. Also, any solution is effective only if it meets the general constraints of cost, time, scope and quality. Also we may say that innovation is very subjective and any problem solving is called innovation if it effective at that moment of time. Like the classic ingenuity of the Apollo 13 team who were able to bring back safely the crew members to earth when their mission to moon failed due to an oxygen tank explosion.

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