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innovation

innovation. Argumentative Presentation Paulina April , 2010 Listening and Speaking Class. introduction. What is innovation?. Innovation is: Main Entry: in•no•va•tion Pronunciation: " i -n&-' vA-sh&n Function: noun 1 : the introduction of something new

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innovation

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  1. innovation ArgumentativePresentation Paulina April , 2010 Listening and SpeakingClass

  2. introduction

  3. What is innovation? • Innovation is: • Main Entry: in•no•va•tion • Pronunciation: "i-n&-'vA-sh&n • Function: noun • 1 : the introduction of something new • 2 : a new idea, method or device • An invention is useful only to the inventor unless it is offered to the public. • If the invention improves some product,process or service for the public, then that invention transforms into an innovation

  4. What is innovation? • An innovation can be big or small. Examples: • Brand-new or just a bit different, it doesn't matter. Examples: • An innovation can be clearly complex or seemingly simple. Examples: • Innovations are often thought of in terms of technical achievement, but can also be a design. The type, industry and style of innovation are irrelevant; an innovation's impact determines its qualification.

  5. What Is NOT Innovation? • It is important to be clear as to what innovation is not. Innovation is NOT invention, even if invention is the mother of necessity. • These two words are sometimes used interchangeably, but although connected they are not the same. • An innovation is the extension of an invention.

  6. Innovation and business • The future of many businesses depends upon their ability to innovate. • We should be a “innovative” person. • Competition is fierce. Knowledge spreads quickly. The ability of a company to not only keep up with its current business practices, but to exceed its own – and its competition's – expectations are critical to survival.

  7. Rememberthis….. • Innovation is the specific instrument of entrepreneurship... the act that endows resources with a new capacity to create wealth. (Peter Drucker) • Innovation has nothing to do with how many R&D dollars you have... It's not about money. It's about the people you have, how you're led, and how much you get it. (Steve Jobs)

  8. BarrierstoInnovation • The company culture and leadership are two prominent barriers to innovation. • If your company's culture isn't set-up to accept new ideas and creative contributions from its staff then inventions will be unable to break through to the marketplace. • Your organization may be structured so that the development of an innovation is more challenging than at another business.

  9. What Is "Real" Innovation? • "Real" Innovation does not happen haphazardly or sporadically within organizations. • "Real" Innovation is accomplished consistently and systematically, given the true voice of the customer and a process for delivering solutions. • Companies that innovate successfully do so using an efficient and repeatable methodology. Success is not dependent upon genius – it emerges from the disciplined application of a proven innovation methodology.

  10. Entrepreneurship & intrapreneurship v/s innovation • ENTREPRENEURSHIP • Is the practice of embarking on a new business in order to exploit new found opportunities • INTRAPRENEURSHIP • Is the practice of entrepreneurship by employees within an organization. An entrepreneur takes risk in being the owner and operator of a business with expectations of financial profit. On the contrary, an intrapreneur is an individual employed by an organization for remuneration. But both share the same conviction, zeal (enthusiasm) an insight.

  11. Summary/ Question 1 • Could you define the concept of innovation? • Key words, Can you remember? • Introduction on something new and some improvement in a • Product • Services • Process

  12. Summary/Question2 • What is the difference between invention and innovation? • Key words, Can you remember? • If the invention improves some product,process or service for the public, then that invention transforms into an innovation

  13. Summary/Question 3 • Do you think that you have been an innovative person in your life? • Yes or No?

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