“Move From Idea to Innovation”

November 12th, 2013 § 0 comments

 

The article briefly describes three models for effective innovation execution, which is model S, R and C. Model S is for small initiatives, which explains that initiatives should encourage their employees to devote their spare time and energy to the innovation ideas. Model R is used for initiatives that can be repeatable and predictable to let full-time employees in departments related to product, service and concept development to innovate. Model C, for customizing innovation, deals with the situation that there are incompatible innovation tasks that should be daily operated.

This post is related to today’s lecture topic, Innovation and Entrepreneur. Many people perhaps sometimes have a creative idea in their mind but apparently, just couple of them to make them to be real. The most important thing I learn from lecture and this article is to “move from ideas to innovation”, rather than keep in the light bulb stage. As lean start-up strategy mentions based on the creative idea, a business model, customer development and agile development are needed. Start-ups should get out of the building to test their hypothesis and build product iteratively and incrementally. This idea is exactly same as the model R; anyway, it’s never too early to innovate.

 

Source Link

http://www.theglobeandmail.com/report-on-business/careers/management/three-ways-to-move-from-idea-to-innovation/article15387933/

 

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