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Questions on Accelerating Innovation

Some futurists claim that the "future" is approximately 30 years away (ref 1). Whatever the "average" amount of time between conception of a "new" idea (the future), and its attainment, the interesting question is whether a society has the ability to "accelerate" innovation. Is there something that society can do to increase the rate of change of innovation and discovery?

The creation of the internet emerged from the US Department of Defense that was aimed at increasing research productivity through a shared network of scientists communicating and sharing information with each other. Having achieved a world-wide, inexpensive to use system, are there any other strategies that society can harness to speed up the rate of innovation?

In April 2010, a team of prominent deans of business schools under the auspices of the AACSB International (an organization that grants accreditation to business programs) published their findings related to the role of business schools in promoting innovation. Lead by Dean Bob Sullivan (University of California San Diego, La Jolla, California), the team suggested that business schools have not exactly been invited to table by media, governments and trade organizations interested in advancing innovation. The team observed that many reports dealing with the need to promote innovation that received extensive publicity did not include representatives from the nation's business schools. The team called for efforts by business schools to re-look at their curriculum.

Years ago, academe debated whether entrepreneurship is an innate talent or whether entrepreneurship can be taught. After nearly a decade and thousands of published studies, most business professors concluded that entrepreneurship could be taught and courses in entrepreneurship jumped from some 250 in the early 1980's to well over 2,000 courses by 2000.

Questions on Accelerating Innovation

As with entrepreneurship, the issue of innovation will require wrestling with some basic questions: can it be taught? If so, how should it be taught and by whom? It is one thing to talk about behavioral issues such as government incentives for entrepreneurship, it is quite another to define the skills sets and information that would actually train or educate a person to be "innovative." Some will argue that being innovative is a state of mind, like a personality trait that is either present or absent. But, it may be likely that academe will find that as with entrepreneurship where necessity is the motherhood of invention, the same may be observed in innovation.

It may be useful to explore a strategy to better investigate innovation. First, developing a focused definition may be useful. And second, the proper context is critical. For example, innovation should not be tied to scientific, patentable inventions or we will be looking a merely developing more engineers in the name of promoting more innovation. A definition that allows innovation to span all types of organizations (such as government, private business, and non-profits) may allow for a more significant path of discovery. Getting to a definition is important because too narrow a definition may shut out other disciplines such as psychiatry, psychology, education, fine arts, political and other social sciences as well as the business disciplines.

The next line of inquiry may be to investigate how we recognize what is innovative. My studies reveal that much innovation is quite hidden from the casual observer or that the innovation is so prevalent that it remains unseen and unstudied. For example, one of the major innovations that literally transformed Wall Street and the merger and acquisition industry was the development and use of electronic spreadsheets (LOTUS 1-2-3, and Microsoft's Excel). While many attribute Walmart's success to their innovation of "everyday low prices," such a strategy would not have been profitable if Walmart had not developed incredible logistics and inventory management systems.

There is a body of research and commentary that may help in the quest to determine whether innovation can be accelerated by education that includes the works of Schumpeter and Drucker and Chao. Drucker's book on Capitalism and Innovation written in the early 80's suggests seven different sources of innovation. Chao's Innovation Nation builds a strong case that America is losing its competitive advantage in being entrepreneurial.

The effort to investigate our understanding of the process of innovation has significant implications for management education. Managers in all forms of organizations need to be better equipped to manage the process of encouraging innovation while also having a deeper understanding of how to influence or develop an innovative culture within their organizations.

6 Top Tips on How to Promote Innovation in Your Organisation

Wikpedia provides the following definition of Innovation:

"Innovation is the creation of better or more effective products, processes, services, technologies, or ideas that are accepted by markets, governments, and society. Innovation differs from invention in that innovation refers to the use of a new idea or method, whereas invention refers more directly to the creation of the idea or method itself."

So effectively innovation is making better something that already exists.

Creativity, new ideas and inventions are precursors to innovation. Without innovation, progress will not occur. Innovation will support the growth and health of a business by providing improvements in efficiency, productivity, development of new or improved products and operational effectiveness.

Innovation requires:

•     Creativity
•     Lateral thinking
•     New ideas
•     Proactive attitude
•     Teamwork and Collaboration
•     Change
•     Focus on improvement

To encourage the required elements of innovation in an organisation requires a culture of continuous improvement that will foster consistent focus on being innovative in every area of business operation.

Develop a Continuous Improvement Strategy Vision Statement

Be clear and transparent about the desired objectives. Communicate effectively and ensure that all stakeholders understand the vision. Support this with a documented plan that can be shared with transparency and clarity.

Support Continuous Improvement with robust change management strategies

If you are making a change in how your organisation functions, then you must have change management strategies in place to ensure that your employees will embrace the new culture. Ensure that employees understand the benefits that will be gained not only for the organisation but for themselves.

6 Top Tips on How to Promote Innovation in Your Organisation

Empower Employees

Create an environment where employees understand that they are an integral part of the business. There should be a reciprocal process in place so that feedback is a 2 way process. Employees should be listened to - and not just listened to but their feedback should be acted on wherever possible. Employees should be given the authority to make decisions and implement required processes or changes within a defined structure.

Ensure that a strong Teamwork ethic is in place

It is vital that an ethos of collaboration and sharing of ideas is cultivated. Without effective teamwork, you will go nowhere fast with your efforts to support innovation.

Provide a framework that will recognise and reward innovation

Everyone likes to be recognised for their contributions. The most effective way or providing recognition is to do this tangibly. Whether you create awards, provide bonuses or simply announce achievements in interoffice newsletters or intranet updates, you will create a goal that employees will aspire to. And if you can be innovative in how you provide the recognition then all the better!

Support employees with the necessary coaching or training

Some employees will require additional support to up-skill and develop their competencies, knowledge and understanding of the continuous improvement process. Training employees is an investment in the underpinning of the vigor of your organisation and the support of future growth and increased market share.

5 Tips For Promoting Innovative Thinking

Innovation in business is a survival trait in today's world. Our world is changing on a scale that has never been seen before. And businesses have to keep up or they will be swept aside. Whether it's new communications media, new markets or new technology, your business is under attack from constant change. Innovation is critical. And promoting innovative thinking is a critical success factor.

But how?

After all, innovative thinking is a pretty nebulous concept to try to encourage. But it is possible to promote creativity within your business or organization. It is possible to promote innovation if you understand the parts that turn creativity into innovation.

In this article, I'm going to share five tips for promoting innovative thinking in your business. They are:

1. Reward Try

2. Look Outside

3. Don't question, Test

4. Build for fun not fear!

5. Understand the 3 Organizational Structures

Periodically, you'll hear the tip "Reward Failure" given as an innovative tip. It's probably the most popular one in fact. But the truth is you don't want to encourage failure. Failure is an inevitable result. A negative one at that. What you want to encourage is trying new ideas and new business models. That means you need to accept failure. But you want to encourage the best effort possible.

It's been said in many ways, that innovation always comes from outside. Einstein for example said, "We can't solve problems by using the same kind of thinking we used when we created them." Using the same thinking leads to at best improvement. True innovation comes from using a fresh set of eyes on an old problem. It comes from applying a simple solution from one industry on another industry's problems. The old adage of "If it wasn't invented here, it's no good" must be removed from your organization's lexicon.

One of the greatest enemies of creativity is time. Most organizations like to see some sort of preliminary analysis before money is spent. Unfortunately, this analysis takes time. Making the situation worse is the fact that innovation often involves the unknown. Rather than spend a great deal of time in analysis of ideas, try testing them in a small situation. Not only will you gather the information you need for analysis but also you'll learn valuable lessons if you decide to proceed.

5 Tips For Promoting Innovative Thinking

One of the fastest ways to discourage innovative thinking is to build an environment of fear. Failure is inevitable in a culture of innovation and if people learn to fear failure then they will quickly learn not to innovate. On the other hand, people who are having fun are fully engaged. Their minds are active and they will almost inevitably approach problems creatively.

Innovation is the product of creativity and implementation. Most tips for promoting innovative thinking concentrate on the creativity. However, you also need to focus on implanting that creative idea. There are three parts to any well-functioning business. At the one end of the spectrum is the day-to-day operation. Its focus is on doing the same thing over and over. Change is the enemy of efficiency. At the other end is strategy. Its focus is on identifying change and trends that will affect the business. In essence, it is the creativity in innovation. However, to change the operations appropriately -- in other words, implement innovation -- requires a specialized set of management skills. These skills are called project management. Your organization must have someone who is focused on gaining ideas -- from outside the organization, from within the internal hierarchy and from outside the normal structure. And it must have a group of managers who have the skills to bring change to your organization.

Innovative MLM Recruiting Techniques To Follow

In multilevel marketing, the old-school recruitment techniques of running from one coffee shop presentation to another, handing out network marketing flyers outside the mall or across the street, or making a list of friends, family, co-workers and business associates, just doesn't work anymore today. With the advent of the Internet, and with the discovery of new technologies, network marketers must know how to harness modern technology, for them to be bale to find appropriate niche markets, target high-quality prospects, and sign-up more leads as possible. Here are some of the innovative and effective MLM recruiting techniques that truly work.

Harness The Resources and Tools Provided By The Internet

The Internet is probably the network marketer's best friend. On the Worldwide Web, a lot of network marketing tools, videos, articles, blogs, lead generation resources and systems are available to help people market their products or services the right way. On the Internet, an individual marketer can use blogs, articles, social networking sites, social bookmarking venues, as well as their own Web site, for selling and promoting their different products and services.

Brand Yourself As The Expert

In network marketing, effective branding is essential. Branding requires that you not only make your products and services look appealing and valuable to your customers, but you must also be able to brand yourself as an authority or expert in your chosen field or market niche. By effectively branding yourself, as well as your products, more people will trust you and consider you as an expert in the field you've chosen, and will be more likely to sign-up for your business opportunity as well.

Innovative MLM Recruiting Techniques To Follow

Learn to Build Relationships With Your Prospects

Once you start calling your leads, don't sound like a shrewd salesman who prods them to buy whatever it is you're offering. When you're on the phone talking to prospects, you must sound like a caring friend, and learn to develop relationships with them first. Always find out how you can help or be of service to them, but don't mention what company you're working for in the mean time. Once your prospects start calling and ask where they can sign up, this should be the time you'll tell them about your business opportunity, and lead them to your Web site's sign-up page. If ever you encounter a number of cold callers, relax and just move on to the next one, but never give up.

Another innovative MLM recruitment tip includes touching base, and connecting with your target niche or market. Once you've found your target market, it should be much easier for you to craft a marketing strategy, target more prospects, and sign-up those prospects for your MLM business opportunity. Online marketing definitely requires a lot of hard work and patience. But if you know how to leverage the broad reach of the Worldwide Web, you'll easily be able to draft an overall MLM approach that will help you quickly each out to your prospects, and allow them to easily find your presence online and offline as well.

Construction Recruitment Prospects In Australia

The Construction Industry is considered as one of the economic accelerators of any country. Its distinct characteristic of being both a capital and labor intensive industry makes it as a potent component of every economy.

The industry demands a significant number of the labor force, which in return provides employment opportunities to the local populace. In like manner, the industry requires different capital and all those innovations to continuously improve its production process.

The nature of the Construction Industry already provides a preview of the recruitment prospects it demands. The Australian Bureau of Statistics specifically reports the products and industries that serve as a key requirement to its operations. These key capital industries include the following:

1. Metal Industry
2. Wholesale Trade
3. Cement Line and Concrete Slurry
4. Wood Production
5. Electronic Equipments
6. Scientific Research
7. Plastic and Other Concrete Products
8. Fabricated Metals
9. Electrical Equipments
10. Ceramic Products
11. Iron and Steel
12. Road and Transport

Without these sectors, the building Industry cannot perform its function to the economy. In like manner that these 12 identified industries cannot flourish without the demands of the Construction Industry. As a proof to this, the Australian Bureau of Statistics also recorded that the Construction Industry generated a value added income of $ 30 billion, making it as the one of the largest industries to its economy.

Another empowering feature of the building Industry is its capacity to recruit local resources. It requires inputs that are produced locally. Statistics particularly support that 88% of its resources are produced locally and the remaining percentage are imported from other economies.

Construction Recruitment Prospects In Australia

The 12 mentioned industries cannot equally function without the labor resources. Aside from the employment and salaries provided, Economics and Statistics provide a more insightful way to measure the employment effect of the Construction Industry. The Multiplier Effect coefficient, a key indicator in the two fields of discipline, provides a measure of the contagion effect of any industry. To illustrate the Multiplier Effect, assume that a Construction Company hires 10 employees. These 10 employees will later be paid. Part of their salary will be used to purchase local goods and services. The expenditures made from local goods and services will later become an income and an opportunity to grow for business engaged in trade and production. In the case of the Construction Industry, the local Statistics Bureau reported that the Construction Industry provides an overall multiplier effect of $ 2.886 million of output in 2009. If the Construction Industry of Australia was not existing and performing, the entire economy of Australia will not realize such million dollar amount of income.

From 2006 to 2011, the Construction Industry in Australia recorded peaks and troughs in its performance. The Industry Structure Report recognized the 16% increase in the Gross Value Added contribution of the industry from 2001 to 2003. The industry unfortunately remained static in 2008 to 2010. It the next years however, the industry recorded an upsurge of 6.3%%, making it as another key contributor of the economy. The positive outlook of the Australia's Construction Industry will definitely generate additional income to other industries that serve as its recruitment constituent.

The growth of the Australia's building Industry is expected not only to diversify its operations. As the industry continues to grow, time will come that its recruitment requirements will likewise expand and diversify. The Information Technology Sector will soon be identified as a key partner of the Construction Industry. Innovations and technological breakthroughs will be facilitated by the rapid changes in the IT industry.

The Art and Interior Design business is another potent complement. As population increases, the demand for versatile and affordable residential sites will be best handled by the fusion of Interior Design and the Construction Industry. As the world is leaning to become environmentally friendly, the need for green architecture and engineering is also gradually steering the economy. A niche to this market demand is emerging. Hence, the Construction Industry is later leaning to the field of Environmental Sciences as part of its recruitment prospects.

Similar to any industry, the growth of the building Industry equally signals divergence and convergence. It exhibits divergence because of the recruitment prospects of its partner industries. It also manifests convergence because it moves other industries closer to its prospective growth.

Generating Innovations in HR

Every company has that top level employee that seems to be a rainmaker. They cannot do anything wrong and the company that if it's immensely because of their actions. A competitor may also know about this rainmaker and look for ways in which they can recruit them. Why would a top level employee leave their current employment to seek out other opportunities? Generating innovations in HR is one way to give the appearance that the grass is greener to make that employee make the switch.

Many people think that one person would leave their current job for another solely for a salary increase. This often is not the case and it is up to human resources to identify incentives to recruit as well as retain staff. The company needs to recognize what are issues that are important to employees so that they can meaningfully gauge how to increase company return on investment for a strategic hire.

Does an existing employee feel like they are consistently hitting a brick wall when it comes to collaborating on team projects? HR global innovations would include using the best tools that technology has to offer that can provide seamless integration between project teams on a global scale. It is commonplace for teams to be scattered throughout the world and they must work effectively across multiple time zones. These technology platforms provide the basis for effective collaboration across many projects. Future teams can also learn and implement the successes from previous projects across the network as well.

Generating Innovations in HR

What are some tools that can be used for generating innovations in HR? Collaborating across the globe is not an entirely new concept, but technology makes it easier than ever. Having the ability to access tools for document sharing as well as virtual conference spaces are some of the many ways in which employees can boost productivity. Web 2.0 properties as well as the increasing power of mobile phones allows employees to conduct business wherever they are on the planet. They no longer have to be in a specific location in order for work to be completed. Internal technological security has also seen great improvement over time so the consideration of a breach has also been alleviated.

Some companies encourage interaction between employees and their direct consumers. HR global innovations allows employees to share information that may be important to consumers via a company's Google+ or Facebook Fan Page. No longer does a company have to work in a vacuum strategizing on a product that the marketplace may not want to purchase. By using these platforms, a company can solicit responses and feedback from potential and current customers to ensure they are on the right path with regards to product development. This is also a great incentive to employees who have a strong desire to build a community not only within the company but also on the web.

Generating innovations in HR is an ongoing process to recruit and retain top level employees. By developing strategies to meet employees needs while also focusing on a positive return on investment will keep companies on the leading edge.