90% of ideas never go beyond idea generator’s desk; 3% of the remaining 10% obtain backing to become projects, with less than 1% being commercially launched
This year, LinkedIn listed “innovative” as one of its top 10 overused terms and I don’t wonder at why: anyone who works anywhere is likely being asked to “innovate” and so many would perceive the value of innovativeness in a potential hire as high. Why is innovation so important lately – it’s not a new term, but it definitely has that “buzzword” quality about it and like most buzzwords, the what is of innovation is often misunderstood and misused. Nonetheless, just because it is a buzzword does not necessarily make it a dirty word nor does it imply that the concept is fleeting, and especially in this case.
So this might not be a complete guide to innovation, but some major ideas and theories to inspire your innovative endeavours.
What is innovation?
“To raise new questions, new possibilities, to regard old problems from a new angle, requires creative imagination and marks real advance in science.” Albert Einstein
Innovation is the transformation of an idea into a new product, service or process that is brought to market or implemented – if it remains an idea, it is not an innovation.
Popularity: 15% [?]
