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Innovation Management: Trying Out New Ideas

Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation.

There are distinct processes that enhance problem identification and idea generation and, similarly, distinct processes that enhance idea selection, development and commercialisation. Whilst there is no sure fire route to commercial success, these processes improve the probability that good ideas will be generated and selected and that investment in developing and commercialising those ideas will not be wasted.

As innovation is characterised as a break with the past, it is useful to analyse the potential take-up of new creations. These categories apply to organisations as much as people.

One useful model is Rogers Curve. It identifies five types of users:

a) Innovators ? 2.5% of the population; are prepared to invent or try something new, high risk takers, accept high levels of uncertainty and imperfection.

b) Early adopters ? 13.5% of the population. Opinion leaders, will try out new ideas but in a careful way.

c) Early majority ? 34% of the population, will wait until innovations are tried and tested and can see the benefits.

d) Late majority ? 34%, risk averse, cautious and often sceptical.

e) Laggards ? 16% of the population, parochial, insular, resistant to change and suspicious.

These topics are covered in depth in the MBA dissertation on Managing Creativity & Innovation, which can be purchased (along with a Creativity and Innovation DIY Audit, Good Idea Generator Software and Power Point Presentation) from http://www.managing-creativity.com.

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You are free to reproduce this article as long as no changes are made and the author's name and site URL are retained.

Kal Bishop MBA, is a management consultant based in London, UK. He has consulted in the visual media and software industries and for clients such as Toshiba and Transport for London. He has led Improv, creativity and innovation workshops, exhibited artwork in San Francisco, Los Angeles and London and written a number of screenplays. He is a passionate traveller. He can be reached on http://www.managing-creativity.com

In The News:


Fashion Entrepreneur Jen Groover Conquers Recession with Innovation
MarketWatch - 9 hours ago
"We need to think of the recession as a time to battle complacency with innovation and evolution." Omnipresent fashion households on Park Ave and Rodeo ...

Ahura Scientific Wins Second Cygnus Innovation Award
MarketWatch - 13 hours ago
FirstDefender received the 2006 Cygnus Innovation Award in the HazMAT category. The 2008 Cygnus Innovation Awards presentation was held November 9, 2008, ...

MCN Wins EContent 100 Recognition for Innovation in Mobile Search ...
MarketWatch - 1 hour ago
Tokyo and Mountain View, CA., Dec 02, 2008 (JCN Newswire via COMTEX) -- Mobile Content Networks (MCN: www.mcn-inc.com), the pioneering provider of search ...

TechInsights Organizes for Global Growth and Innovation
MarketWatch - 9 hours ago
SAN FRANCISCO, Dec 02, 2008 /PRNewswire via COMTEX/ -- TechInsights, the global leader in media, marketing and professional services for the electronics ...

Thomson Innovation 2.0 Harnesses the Power of DWPI with Leading ...
FOXBusiness - 10 hours ago
The Scientific business of Thomson Reuters today announced the forthcoming release of Thomson Innovation(SM) 2.0, the next generation of the company's ...

RE2, Inc. Named 2008 Army Small Business Innovation Research ...
MarketWatch - 10 hours ago
RE2 was selected based on the Company's Small Robot Toolkit (SRT) Phase II Small Business Innovation Research (SBIR) program and innovation provided to the ...

CNET News

Economists: Fund high-tech innovation
Atlanta Journal Constitution,  USA - Dec 1, 2008
By Marilyn Geewax Washington —- When Congress drafts an economic stimulus plan for 2009, it should focus its spending on technological innovation, ...
Now is the time for bolder innovation policy, researcher says CNET News
all 2 news articles

Lewtan Wins Credit Magazine Technology Innovation Award
MarketWatch - Dec 1, 2008
The Technology Innovation Award recognizes Lewtan's innovation in financial markets technology and continues to solidify its leadership position in the ...

'Gr8 Db8' Explores Linguistic Innovation Of Texting
NPR - 9 hours ago
And I would have been able to retire on the profits from text messaging, the latest innovation to bring out the prophets of doom. ...

EMS Magazine Announces Top Innovation Awards for 2008
MarketWatch - Dec 1, 2008
The January issue of EMS Magazine will feature a comprehensive report on the Top 20 Innovation Awards. The Cygnus Public Safety Group is part of Cygnus ...
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