innovation process n.
Skip this Video
Loading SlideShow in 5 Seconds..
INNOVATION PROCESS PowerPoint Presentation
Download Presentation

Loading in 2 Seconds...

play fullscreen
1 / 22

INNOVATION PROCESS - PowerPoint PPT Presentation

  • Uploaded on

INNOVATION PROCESS. By Elisante Ole Gabriel (Tanzania), +255-784-455-499. INNOVATION and the ENTREPRENEUR. Innovation is the specific function of entrepreneurship Is the means to create new wealth

I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
Download Presentation


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.

- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
    Presentation Transcript
    1. INNOVATION PROCESS By Elisante Ole Gabriel (Tanzania), +255-784-455-499

    2. INNOVATION and the ENTREPRENEUR • Innovation is the specific function of entrepreneurship • Is the means to create new wealth • Is the process to convert opportunities into marketable ideas • Is the vision to create a good idea and the perseverance and dedication to remain with the concept through implementation.

    3. INNOVATION and the ENTREPRENEUR • Entrepreneurs blend imaginative and creative thinking with a systematic, logical process ability. • They develop ability to see, recognize and develop opportunities. • There key questions need to be addressed Questions include:

    4. INNOVATION and the ENTREPRENEUR • What is the problem? • Whom does it affect? • How does it affect? • What costs are involved? • Can it be solved? • Would the marketplace pay for a solution?

    5. Role of Creativity • Is the generation of ideas that result in the improved efficiency of a system. • Two aspects:-process and – people • Process (goal oriented) • People (resources that determine the solution)

    6. Problem Solving Approaches/Adaptor • Solving rather than finding problem • Attempts to refine current practices • Tends to be means oriented • Sensitive to group cohesion and cooperation • Precise methodical approach • Employees are disciplined

    7. Problem Solving Approaches/Innovator • Discovers problems and avenues of solutions • Questions basic assumptions related to current practices • Little regard for means- more interested in ends • Little tolerance for routine work • No need for consensus

    8. Nature of the Creative Process • Creativity is a process that can developed and improved • Creativity is not some mysterious and rare talent reserved for few • The creative process involves seeing relationship between things that others have not seen

    9. Background of Knowledge Accumulation • Read in a variety of field • Join professional groups and associations • Attend professional meetings and seminars • Travel to new places • Talk to people about your subject • Develop a subject library for future reference • Pursue your natural curiosity

    10. Incubation Process • Engage in routine or mindless activities • Exercise regularly • Play (sport, game, puzzle) • Think about the project or problem before falling asleep • Meditate and or self hypnosis • Sit back and relax on a regular basis

    11. Idea Experience • Day dream and fantasize about your project • Practice your hobbies • Working in leisurely enrolment • Keep a notebook to record late night or early morning ideas • Take break while working

    12. Evaluation and Implementation • Increase your energy level with proper exercise, diet and rest • Educate yourself in the business planning, process and all facets of business • Test your ideas with knowledgeable people • Take notice of your intuitive ideas and feelings • Seek advice from others…

    13. The creative thinking process • Incubation • Knowledge Acc Creative Ideas process Evaluation and implementation

    14. Characteristics of Creative People • Bright but not necessarily brilliant • Good at generating a high degree of different ideas in short period of time • Have positive image of themselves • Sensitive to the world around them • Able to withhold a decision to a problem till sufficient facts are collected • Motivated by challenging problems

    15. Characteristics of Creative People • Value their independence and no need for group approval • Lead a rich imagination • Flexible and not rigid or dogmatic • Concerned with meanings and implications of a problem.

    16. The Creative Climate • A trustful management that does not over control the personnel • Open channels of communication among all members of the business • Considerable contract and communication with outsiders • Large variety of personality types • Willingness to accept change

    17. The Creative Climate • Enjoyment in experimenting with new ideas • Little fear of negative consequences for making mistakes • Selection and promotion of employees based on merit • Use techniques that encourage ideas • Sufficient financial, managerial, human and time resources for achieving goals

    18. Innovative Process • Successful innovators: • Look at figures • Look at people • Analytically workout what the innovation has to be to satisfy the opportunity • Look at potential users of the product to study their expectations, values and ideas • Create new customers and new markets

    19. Types of Innovation • Invention • Extension • Duplication • Synthesis (combination of existing concepts and factors into a new formation)

    20. Principles of Innovation • Be action oriented • Make the product, process or service customer-based • Make product, process, or service simple and understandable • Start small • Aim high • Try-test-revise

    21. Principles of Innovation Finally • Learn from failure • Follow a milestone schedule • Reward heroic activity • Work, work, work.

    22. THE END Thank you for you Attention