President Obama cited innovation as a key factor in the nation's economic recovery. "Innovation has been essential to our prosperity in the past," he said, "and it will be essential to our prosperity in the future." With Fifth Quadrant you’ll find tools to help you understand why innovation is crucial to the health of society, the link between entrepreneurship and productivity, how change can bring opportunity, and why “new knowledge” typically takes decades to bear fruit. Fifth Quadrant Innovation, deals with Innovate or Perish Innovation must become an integral part of an organisation, else we design ourselves, to perish. ARE YOU looking at the seven key sources of opportunities? a. The Unexpected b. Industry and market disparities. c. Process Vulnerabilities d. In congruities e. Demographic shifts. f. Changes in perceptions g. New Knowledge
Entrepreneurship Increases Productivity Does your INNOVATION STRATEGY work well with your business strategy? a. What is your organisation's role in defining new markets? What is the scope of offering to this market? b. How does your portfolio of opportunities merge with your business strategy? c. Are you allocating resources where you want to be taking risks? Is it by design? Opportunities “To be a successful change leader, an enterprise has to have a policy of systematic innovation.” — Peter F. Drucker, a. Does your organisation follow three keys to success - abandonment, improvement, exploitation? b. Do your ideas (not execution) aim high enough? c. Does the idea align with realities and practicalities? Is new knowledge really new? Sizing up the superstars of entrepreneurship! a. Who are the right people for your organisation? b. What is the goal? c. What knowledge and working style will help the individual win the goal? d. Are you accessing the full diversity of the population to best tap the global customer base and shifting demographics? I WOULD LIKE TO KNOW MORE ABOUT CREATING AND APPLYING INNOVATIONS IN ORGANIZATIONS
“To be a successful change leader, an enterprise has to have a policy of systematic innovation.” — Peter F. Drucker,
a. Does your organisation follow three keys to success - abandonment, improvement, exploitation?
b. Do your ideas (not execution) aim high enough?
c. Does the idea align with realities and practicalities?
