Going for Innovation is Safer or Risky?

As per BGC report survey says that the Executives are very much bothered about the return of the Innovations they are getting. What will be the impact of this on Innovation? How far will it effect the growth and development of both the society and the company? Will it decrease the rate of Innovations happening or the number of innovations will get a downfall? These all are the burning and can be the point to think about?

Since Innovation has become the theme and the base line for most of the companies of the world, will they do it in spite of the less return which is the base line for any company? How far is these all going to effect them and what all are the ways by which they can maximize the return on Innovation i.e. Monetization of Innovation in the best possible ways. Will the Cost incurred in Innovating be reduced, again with no compromise with the quality and the value of the product possible? Are some new case studies as the pitfalls in Innovation going to come before the MBA scholars and companies? Let us put our brains and find the ways. May be some new Strategies can be developed…

Here is the BCG report…

BCG Report

FOCUS ON INNOVATION

Dear Readers, this is the new post in which I have tried to put some matter of thoughts which I feel is happening in the prospect of Innovation, nowadays. The Innovation itself is coming in the trouble and it demands Innovation for itself.

What I am writing is simply a concept or a fact less Idea or philosophy. Here is a thought for Innovation by me.

Check this-

FOCUS ON INNOVATION

The very first Inventions were Innovations.

Dear friends,

Here is an opinion by me which separates Invention from Innovation to very much extend.

From the early history of mankind and development there were several inventions and most of those inventions were Innovations except a few. This is a proven fact that the discovery of electric current by Benjamin Franklin, the inventions of Alexander Graham Bell and Thomas Edison, momentous flight of the Wright brothers, Dr. Jagdish Chandra Basu results on plants or anyone else were innovations because of the fact that in the definition of innovation itself it is said that anything which is entirely new is Innovation. Now the matter of discussion is that whether these things were not new of there type or is the definition of innovation is not correct. It should also be noted that discovery is a different thing than invention and innovation because discovered things are those which are already present.

Here I would like to add one more thing that knowledge management plays a vital role in the process of invention but at the same time this is not a fact for all the inventions. But as far as innovation is considered KM is mostly the constructive source except a few. It is a hot going debate and will continue for some days in this blog…. Keep in touch…

It is the time let us do anything either it is Innovation, Invention or Discovery.