InnovationInnovationMain AspectsMain Aspects

Introduction• The term innovation

refers to a new way of doing something.

• It may refer to incremental and emergent or radical and revolutionary changes in thinking, products, processes, or organizations.

Innovation - Goal• The goal of innovation

is positive change, to make someone or something better.

• Innovation leading to increased productivity is the fundamental source of increasing wealth in an economy.

Innovation - Business

• Innovation may be linked to:– Performance and growth

through improvements in efficiency, productivity, quality, competitive positioning, market share, etc.

Innovation – Main Skills

• Association: it is a cognitive skills that allows creative people to make connections between questions, problems and ideas.

• Questioning: it is an ability to ask: “What if”, “why” and “why not” and challenge the answers.

Innovation – Main Skills

• Close observe details: particularly the details of people´s behavior.

• The ability to experimenting and networking.

Innovation - Important

• Associating is the key skill because new ideas aren’t created without connecting problems, ideas and people.

Elements that can jeopardize Innovation

• Poor Leadership / Organization / Communication

• Poor Empowerment / Knowledge Management

• Poor goal definition • Poor alignment of actions to

goals • Poor participation in teams • Poor monitoring of results • Poor communication and

access to information

Innovation - Conclusion

• Innovation typically involves risk.

• A key challenge in innovation is maintaining a balance between process, product innovations and common sense.

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