Innovation

Making Innovation work for you

I had the opportunity this morning to review Martin Lee’s article in the morning newspaper. The second paragraph quoting Jeff Immelt of General Electric made a lot of sense - the only source of profit, the only reason to invest in companies is their ability to innovate and differentiate. Five simple principles made the article readable:

1. Lead the way, as a leader walk the talk and show that you are an innovator.

2. Look for good ideas – as they say in Procter and Gamble – search and re apply.

3. Check out your assumptions – the business school professors gave a C to Fred Smith’s idea of overnight packaging service FEDEX. He went to create history.

4. Acquire the habit of creative thinking, set aside some time for brainstorming.

5. Innovation is not about mega ideas; it could be about small things too.

Comments

Anonymous said…
Most corporates are beginning to put innovation on top of their priority lists.
One of our posts on mahindrauniverse.com spoke about how innovations are a result of disruptive thinking.
What do you think about this?
8:55 PM
Anonymous said…
I certainly agree with you. Professor Moshe Rubenstien from UCLA talks about it all the time. he says bring the future to the present and this is only possible due to disruptive thinking.
12:05 AM
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