How do you Innovate – The Essentials

How do you Innovate – The Essentials

May 21, 2018 Branding, Business Strategy, Entrepreneur, Motivation

Creativity, thought and idea plays a vital role in innovation. But are they the only major contributors that take innovation ahead? From the origin of the idea to the execution of the plot and retention of the thought, there is a wide scope, which proves to be a long route. It certainly is a long runway.

Finding your way to innovation is both simple and complex. It is about identifying the right idea needed at the right moment. Identifying customer needs and simplifying complexities is what defines innovation.

Now here are the essential factors that actually help innovate

  • Extending and Managing Knowledge
  • Seeding Innovation
  • Accepting uncertainty
  • Follow up

Extending and Managing Knowledge: You can receive an insight or extended knowledge from anywhere. Be it some fact your colleague tells you, something you read in the newspaper, customers talking about a brand etc. Problems and solutions can be identified anywhere. These facts or insights need to be documented and managed. Looking at them, cross analysis of problems can be done and hopefully innovative solutions can be obtained.

Seeding Innovation: Innovation needs to spread evenly and reach every individual, be it a worker or a blue collar employee. For an instance if there is a new technique that is being ideated at work, educating everyone in the team around it, is essential. Capturing pictures, sharing demonstration videos, can be ways through which even on the field engineers stay updated about the trends at work. So if there is an innovation it needs to reach everyone, come what may!

Accepting Uncertainty: Entrepreneurs begin with planning their business and moves. They also know that, with the amount of predictability and planning that a business comes, there is also a higher level of uncertainty associated with it. You may know the pros and cons of your innovation, but down the lane, accepting that, uncertainty lies around and can explode at any point is essential.

Follow Up: An important part of innovation is not just letting it enter, but retaining it. Hence you are expected to follow up. Is your idea working right? Is it addressing the issue it was supposed to? What feedback does a customer have in store? Are they satisfied? After all innovation is meant to make life better and for solving customer issues, if an innovation does not do so, how was it innovative any way?

Keep your roots strong, facts and figures right and focus on retaining your idea. If you have a good idea and you then execute the steps adequately, your innovation will certainly enter the lives of several.

The world needs more of innovation!

What’s yours?

Pramod Mehta In a career spanning for over 2 decades, I have mastered several skills. Being resilient, managing tasks, multi-tasking and consulting are my forte. Years of being in Chartered Accountant profession has endowed me the skillsets of being Entrepreneur. Applying my learnings, with utmost diligence, to every task I adopt is natural to me. I am also the founder of iShoutnow Technologies Pvt. Ltd, (www.ishoutnow.com) which is an application that lets customers discover Real time deals, discounts and offers available around them. It also lets merchants Shout out their offers to customers! It is an open platform for relevant, timely and geographically local information. The application is simple and user-friendly, and also offers a Do-It-Yourself method for creating adverts. With the Zeal to make a difference, I believe a brilliant idea and the power of internet can enrich human life.