25 August 2006

Leaders innovate

This is the week I keep dwelling on innovation, so why not go one more day.
This is from Wikipedia, which itself is a great innovation:
The classic definitions of innovation include:
• The process of making improvements by introducing something new
• The successful exploitation of new ideas, Department of Trade and Industry, UK.
• Change that creates a new dimension of performance, Peter Drucker,
• The creative force of humankind that allows the progress of the world to advance, World Innovation Foundation.
Innovation doesn’t have to be the creation of something along the lines of the light bulb. It may be as simple as fixing a process that saves the company a few hundred dollars a week. Or an idea that someone else takes and brings to fruition. It may even be creating an atmosphere to allow others to think freely.
The point is, any kind of thought that helps advance a product, process or goal will help the company keep growing. And smart growth is where a company has to be these days. The concept of shrinking the company down and holding on to your turf are gone. This is a new era where new business models are taking off and old time thinkers who are fighting back the concept of innovation are fast becoming dinosaurs.
As inventor Dean Kamen said at NI Week, “The way to win is not keeping everybody down.”
Innovation comes from leaders.
How does your company promote innovation? Talk to me.

1 Comments:

Eric Murphy said...

Our company, MatrikonOPC, is in the business of OPC products and services. Since OPC is an open
standard, the mindset some folks have is 'since all OPC products comply to the same standard, they
are all the same'. Another view is that open standards do not evolve because vendors wish to
maintain their proprietary edge, thus only implement the base open requirements. What separates
the 'wheat from the chaff' is innovation in implementation. For the company to maintain it's
edge it must continually innovate. As you pointed out innovation doesn't have to be earth shattering. If it improves life for our customers in any way, it's innovative. The culture MatrikonOPC fosters is that innovation is everyone's job, particularly those that are in close contact with our customers. Sales staff, front line support, on site service personnel, training, and solution architects all contribute ideas and feedback to our R&D and development folks. How does our company foster innovation? It makes it a part of everyone's job description, and those who show they can lead, do lead. MatrikonOPC is a world leader in OPC, and everyone knows that as soon as we are not leading, we're the first one losing the race :)

2:25 PM  

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