Help us stay free, Link back to us! General Information - Bookmark this page

Innovation Management ? Rigorous data analysis

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

There are other useful definitions in this field, for example, creativity can be defined as consisting of a number of ideas, a number of diverse ideas and a number of novel ideas.

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.

Rigorous data analysis

Problem identification is often considered the most boring aspect of creativity. But it is in fact the most crucial. If you're not working on the right problem, then you're working towards the wrong solution; all energy, time and resources are being wasted. Ideally, problem identification should occupy more time than idea generation.

Ask a group of ten people what the problem is and you are likely to get eleven answers.

Each suggestion the above group of individuals give will be valid in it's own way, but how do we really distinguish between the best and the least best answers?

The answer is to apply a rigorous standard of information analysis.

It is from rigorous data analysis that you are able to discover which of your clients provide most revenue, how each demographic responded to a marketing campaign, why your top clients didn't buy the green latest Aston Martin or why 70% of respondents thought your advertising campaign too patronising.

The above analysis yields a whole new set of problem identification answers and a higher probability that your solutions will not be misdirected.

These and other 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/

You can also receive a regular, free newsletter by entering your email address at this site.

Kal Bishop, MBA

**********************************

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 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:


Fi-Tek Launches Integrated Wealth Management Solution on .NET Platform
CNNMoney.com - 19 hours ago
Fi-Tek, LLC, a wealth management solutions provider for the financial services industry, and the Northern Trust Company today announced the release of ...
Wilmington Trust Promotes Leaders in Investment Management ... WELT ONLINE
Fi-Tek Launches Integrated Wealth Management Solution on .NET Platform International Business Times
all 30 news articles

RTE.ie

Service Industries in US Probably Contracted at Faster Pace
Bloomberg - 2 hours ago
The Institute for Supply Management’s index of non- manufacturing businesses, which make up almost 90 percent of the economy, fell to 42, the lowest level ...
Manufacturing activity falls to 26-year low Chicago Tribune
ECONOMIC REPORT Global manufacturing gauges collapse in November MarketWatch
Manufacturing index drops to 26-year low Washington Post
CNNMoney.com - Bizjournals.comall 715 news articles

Market Resolve Appoints Elizabeth Burns Executive Director of ...
MarketWatch - 3 hours ago
The company's management consulting services provides operational reviews and assessments, as well as implementation solutions, and its proprietary software ...

Power Medical Interventions, Inc. Announces Executive Management ...
MarketWatch - 10 hours ago
a leader in developing and commercializing Intelligent Surgical Instruments(tm), announced today a change to its executive management team. ...
NovaMed Acquires Multi-Specialty Surgery Center in Pennsylvania MarketWatch
all 14 news articles

Leading Australian Hotel Management Schools Join Laureate ...
MarketWatch - 8 hours ago
BALTIMORE, Dec 02, 2008 (BUSINESS WIRE) -- Blue Mountains International Hotel Management School (Pty Ltd), owners of Blue Mountains Hotel School and the ...

The First Book About Marketing Resource Management
MarketWatch - 13 hours ago
Marketing Resource Management shows how strategic marketing goals can be translated to marketing operations, where to start and how marketing resources can ...

Niemann Capital Management Expands Management Team with Seasoned ...
MarketWatch - 14 hours ago
Founded in 1991, Niemann Capital Management is an innovative investment management firm distinguished by its tactical or active asset allocation methodology ...

FrontRange Solutions Eases Software License Management With New ...
MarketWatch - 15 hours ago
Andy Burton, Vice President of the Infrastructure Management Group at FrontRange Solutions, commented: "For the vast majority of organizations, ...

Introducing Systagenix Wound Management, a New Global Force in ...
MarketWatch - 14 hours ago
Systagenix Wound Management, formerly the Professional Wound Care Business of Ethicon, Inc(2)., a Johnson & Johnson company, is focused on achieving further ...

Motive Announces Industry First to Simplify Management of WiMAX ...
MarketWatch - 15 hours ago
2 /PRNewswire/ -- Motive, the leading provider of digital life management software for broadband and mobile data services, now part of Alcatel-Lucent ...
management - Google News

Management - Mary Poppins Style!

Mary Poppins describes a style of management which has for too long been hidden in many businesses and organisations.Think about it.She's "Practically perfect in every way" - is that not what we want... Read More

How to Create a Trusting Manager-Employee Relationship

BUILDING TRUST AS A MANAGER: 1. Be reliable. Follow through on things. Keep your promises. 2. Have ethics. Telling your people the truth and don't reveal their confidences. Being fair and honest with... Read More

Creativity Management - The Value of Being Prolific

When asked his secret to success, the author Graham Green said that it was down to his always writing 500 words a day. There are real reasons why this philosophy rings true:a) The... Read More

ISO 9001 2000, Getting Started on The Route To Registration

ISO 9001 2000, Getting startedBefore starting the ISO 9001 2000 route to registration you will need to have the top management on board. This can be achieved by highlighting to top management the... Read More

Online Business Peace of Mind

Is your online business disaster-proof? Online businesses face a unique set of challenges. Unlike our offline counterparts, we must worry about hackers, credit-card fraud, loss of data, virus attacks, websites going down and... Read More

How Your Business Can Pick A Software Developer

Eventually, your business is going to need to have some software development. Your business is unique - you can't rely on a huge, faceless corporation to handle your unique needs with a shrinkwrapped,... Read More

Creative People, Innovative People

The title implies that some people are and others not.This is a myth.First, creativity can be described as problem identification and the generation of a quantity of ideas, a number of novel ideas... Read More

Balance Your Managerial Life

We have only one life, but we live in three overlapping worlds-our business world, our family world, and our other social world. Imagine bringing your spouse and kids to a meeting with seven... Read More

The Leaders Fallacy May Be Howard Deans Undoing

Howard Dean's tenure as chairman of the Democratic National Committee will be fleeting unless he avoids a common leadership trap I call it, the "Leader's Fallacy".Leaders adhere to the Leader's Fallacy when they... Read More

10 Steps When You Need Help in Your Business

If you think ahead and plan, many nightmare panic and chaos situations can be overcome. By ensuring that you have a great group of people around you, there will be more to fall... Read More

When Politics Prevent Innovation - Or? Still Fighting Battles and Losing Wars

The objective is to beat the competition and make money. Everything a business organization does should be focused on that simple objective, with interpretation through various Vision and Mission Statements. However if we... Read More

Vampire Meetings and How To Slay Them

Meetings can be like mythical vampires ? sucking the life out of intelligent and creative people. And sucking the funds out of businesses. Unfortunately, there are too many of these meetings in business... Read More

Think Twice Before Selling ROI

When we're selling to business people, our value proposition has to show a good return. Solid, credible Return On Investment (ROI) calculations are supposed to prove this for us. But if we don't... Read More

Workplace Security Plan: Does Your Company Have One?

Consultant's Perspective...The threat of violence whether it emanates from a disgruntled employee or the threat of terrorism require both a concerted and an individual response. Terrorism in any form is terrorism. Having been... Read More

6 Simple Steps to Dealing with Difficult Managers

The challenge of managing difficult managers can be rather daunting, especially when you inherit them! If they are your own born and bred, then hopefully they would have evolved into great managers!Experience shows... Read More

On The Job Training is Something You Can???t Afford to Skip

Trained employees are more productive employees; there???s no doubt about that. Whether you???re your only employee or whether you???ve got a growing staff, put OJT (on the job training) at the top of... Read More

Problem-Solving Success Tip: Dont Leave Your Key Stakeholders Guessing

Communicate! Don't leave you key stakeholders guessing.We are generally not very good about keeping others informed about the progress we're making, especially if there isn't much. You're more likely to get support and... Read More

Leadership: Stoking The Success Train

Everyone wants to succeed yet everyone has a different perception of what success means and what it will bring into their lives. It is a means of gaining financial freedom for some and... Read More

Manage Your Time - Save Your Business.

If you work from home, chances are you already know that you're really pulling "double duty". You probably work on your business while doing the laundry, corralling the kids, or fixing dinner... and... Read More

Innovation Management: The Time Factor

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,... Read More

Knowledge Management - Creating a Sustainable Yellow Pages System

How can I "know who knows" None of us can personally know more than around 250 people, yet we want our companies to be smart, learning organisations where it's easy to find the... Read More

Change Management: Avoid Havoc In Very Uncertain Times

Escalating gas prices...tensions and turmoil in the Middle East...a struggling world economy. Leadership, in times of uncertainty, is not that much different from that of 'normal' times. What does differ is the degree... Read More

Great Groups! - Getting a Group to Think Like a Genius

Great Groups! - Getting a Group to Think Like a Genius Wouldn't it be great to have an Edison or Einstein, or Mozart at your next meeting? If you had a genius at... Read More

Dont Take New Hires for Granted

Hiring good people is only half the battle. The other half is keeping them, especially in a relatively strong economy where quality people are difficult to attract.Let's face it. It has never been... Read More

Management Consultants, Creativity, Innovation

Most firms have intelligent, capable, knowledgeable managers who are very good at day-to-day problem solving. So why do they need management consultants? There are occasions when consultants bring in specialist competencies, but if... Read More

Credibility - A Golden Key to Becoming More Influential

You have been named a new leader in your organization, or you are a long time leader with some new people in your organization. Or maybe you aren't a formal leader but are... Read More

Understanding How Change Has Changed

There seems to be an assumption that change is a single traumatic event that is thrust upon us and over which we have no control.In the recent past this was definitely true, in... Read More

Outsourced Learning: Are You Ready for Learning BPO?

As the business world enters a period of hyper-competitiveness, every business process will be subjected to examination and possible restructuring. We have already seen outsourcing and offshoring used to an extent what nobody... Read More

The Role of the Machine Metaphor in Mixed-initiative Organizational Leadership

"Can This Marriage be Saved?" So reads the title of the cover story in the August 15, 2005 issue of BusinessWeek (www.businessweek.com). The article describes the seven-year (1998-2005) story of the merger of... Read More

GOOGLE AD