According to me translating an idea into a service or converting some inventions into a good that makes value, for which people will pay is called innovation. Also, the implementation of new service or process with better efficiency and effectiveness know as innovation. In modern terms, you can call it creative thought, new imaginations, or novel ideas in the form of a device or method. Creativity is the seed of innovation.
“Ideas are like rabbits. You get a couple and learn how to handle them, and pretty soon you have a dozen.“ (John Steinbeck )
What is your definition of innovation? The spirit of innovation lies in trying the various sort of combinations of already known things to generate a new thing or stuff. Also, to figure out the better way to do things effectively with more output. It is all about inspiring the resources to create new and impulsive outcomes. As innovation quotes say:
“Listen to anyone with an original idea, no matter how absurd it may sound at first. If you put fences around people, you get sheep. Give people the room they need.“ (William McKnight)
For fluxing the muscle of innovation to reach the next level of innovation maturity, it takes daily practices, strategies, and disciplines. In this way, you can renew the creative energy. In addition, innovation is all about leadership. Innovation always makes a remarkable and meaningful impact on the society or market. Innovation establishes itself through the engineering process in which we solve a problem scientifically or technically.
“What good is an idea if it remains an idea? Try. Experiment. Fail. Try again. Change the world.“ (Simon Sinek)
Every discipline defines innovation in its own way. For example, in industry innovation is some service that meets growing consumer’s demand. In economics and management science innovation is a result of a process that affects society. While in engineering a novel device is innovation.
“The only way to discover the limits of the possible is to go beyond them into the impossible.” (Arthur C. Clarke)
Above all, the historical meaning of innovation is different from all the meaning explained above. From the 1400s to the 1600s the impression of innovation was scornful. It was the synonym for revolt, heresy, and rebellion.
“Never tell people how to do things. Tell them what to do and they will surprise you with their ingenuity.“ (George Patton)
According to the survey of literature on innovation in 2014, they found over 40 definitions. The Organization for Economic Co-operation and Development (OECD) defines innovation as:
Innovation is production or adoption, assimilation, and exploitation of a value-added novelty in economic and social spheres; renewal and enlargement of products, services, and markets; development of new methods of production; and the establishment of new management systems. It is both a process and an outcome.
“A dream will not become an innovation if there is no realization.“ (Ciputra)
Dimensions of Innovation
Innovation has two main dimensions; the degree of novelty and kind of innovation. Novelty describes the newness of things to the world and kind of innovation should be beneficial for mankind. Innovation is a catalyst for growth both for economics and business. It brings revolution to the whole world.
“You can’t use up creativity. The more you use, the more you have.“ (Maya Angelou)
Moreover, Peter Drucker wrote about innovation that innovation is the specific function of entrepreneurship, whether in an existing business, a public service institution, or a new venture started by a lone individual in the family kitchen. It is how the entrepreneur either creates new wealth-producing resources or endows existing resources with enhanced potential for creating wealth.
“The world needs dreamers and the world needs doers. But above all what the world needs most are dreamers that do.“ (Sarah Ban Breathnach)
Source of a Good Idea
If we talk about the source of innovation, it can occur as a result of a focused effort by a range of different agents, by chance, or as a result of a major system failure. The traditionally recognized source of innovation in the simplest liner model is manufacturer innovation. In which the agent innovate to sell something effectively. Moreover, innovation processes involve the identification of customer needs, macro, and micro trends, finding financial support, and development competency.
“Learning and innovation go hand in hand. The arrogance of success is to think that what you did yesterday will be sufficient for tomorrow.” (William Pollard)
Every person has its own point of view and everyone thinks quite differently. Maybe the way we see innovation is the sum of where, when, and how we’ve lived. Innovation can be like evolution because both have a constant change in them over time. Well, if there is no chance we stay the same. There will be no growth and we’ll not evolve. We always need new ideas for progress not only for ourselves but also for the whole world.
“Innovation is seeing what everybody has seen and thinking what nobody has thought.” (Dr. Albert, Szent- Györgyi)
Among major international actors like DFID, Gates Foundation and USAID’s Global Development Lab has gained popularity by using the theme of innovation since the mid-2000s. To support innovation in development governments are working to establish different networks. Various funding schemes are working on various platforms. If we consider efficiency, quality of life, and productive growth, innovation is a key factor in the economy and society. Above all, policymakers are working to develop an environment that fosters innovation and its benefits.
“It’s easy to come up with new ideas; the hard part is letting go of what worked for you two years ago, but will soon be out of date.“ (Roger von Oech)
As perseverance is paramount for innovation. Also, one should not give up after falling for the first time. It is not possible for every time you try and get the same as expected. You have to be very vigilant of the process which gives you something quit which is not working. It reflects that you must have faith in your own ideas. Before facing any failure the fear of failure does not let you give your hundred percent to the project. That is why you will surely lose before trying. Having faith, taking risks, and accepting failure are the crucial ingredients of innovation.
Factors that Affect Innovation
It is very important to lead or manage innovation because innovation is affected by what to do and how to do factors. Instead of letting the innovation happen organically, one must lead the innovation. Moreover, leading innovation consist of a systematic approach and process of trials and errors. The best way to get a good idea is to get lots of ideas and dropping the bad ones away. You must not wait for the inspiration to come and inspire, you should go after that in order to get something.
“You can’t solve a problem on the same level that it was created. For that, you have to rise above it to the next level.” (Albert Einstein)
For driving change and adapting to a new environment proactive imagination and creativity are the vital components. We can say that our exceptional ability and need to renovate allowed us to become the apex predator on this planet Earth. For a company, it can be a competitive advantage in comparison to other competitors of the industry. Necessary advancements always provide an edge concerning the capabilities.
“If you want something new, you have to stop doing something old.” (Peter F. Drucker)
It becomes sometimes very difficult to understand the importance of innovation and its real meaning. Also, why we do innovation. Because it comes in a variety of meanings and traditions. However, in this article, I have tried my best to convey the real meaning and importance of innovation with the help of innovation quotes for well-being. Also, the necessity of innovation for growth and survival.
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