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	<title>Just-Article.com &#187; Innovation</title>
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		<title>4 Distinctive Parts Modified In A Morris Chair</title>
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		<pubDate>Tue, 08 Mar 2011 09:22:54 +0000</pubDate>
		<dc:creator>Guest Author</dc:creator>
				<category><![CDATA[Innovation]]></category>
		<category><![CDATA[antiques]]></category>
		<category><![CDATA[furniture]]></category>
		<category><![CDATA[home]]></category>
		<category><![CDATA[innovations]]></category>
		<category><![CDATA[inventions]]></category>
		<category><![CDATA[Morris chair]]></category>
		<category><![CDATA[Willian Morris]]></category>

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		<description><![CDATA[The Morris chair is generally one piece of furniture which was in existent for over 100 years. Its brand had been obtained from its supposedly architect - William Morris. Enhanced comfort, ease and functionality about this chair might be the major basis for the perpetual growing demand for it.]]></description>
			<content:encoded><![CDATA[<p>The Morris chair is generally one piece of furniture which was in existent for over 100 years. Its brand had been obtained from its supposedly architect &#8211; William Morris. Enhanced comfort, ease and functionality about this chair might be the major basis for the perpetual growing demand for it.</p>
<p>Basically, the various components are classified as the wood frame, the cushioning plus the flexible backside. There are several distinct models which came about, considered most typical could possibly be the Arts and Crafts model. These are definitely crafted making use of a quarter-sawn oak timber. This type of lumber earmarked the chair from any other portion because of the rays which successfully pass through the grain of the solid wood. The design is quite simple with its top to bottom aspects getting made along with panels.</p>
<p>Yet another layout with this reclining chair is often around the sort of cushioning &#8211; the backside and also the seat are covered with natural leather. There are those layouts with whole cushion which show the popular features of a contemporary recliner. These types are not actually of the Morris type &#8211; merely a variation. Nevertheless, you&#8217;ll find realistic Morris chairs with leather soft cushions .</p>
<p>The third kind is almost certainly classified as present day type. It&#8217;s designed using easy lines that will be altered to consider a few alternative looks for example the stripped down overall look. Numerous changes for this specific design is via the use of thinner and lighter materials. The group of vertical slats beneath the arm that is a prevalent highlight is definitely eliminated . The adjustable backside needs to end up being held on to for the reason that this can be the distinct feature of any Morris chair. The materials for the cushion tend to be in the same way altered. Textiles certainly not frequently employed in the first variations will certainly set the difference.</p>
<p>The make of the flexible back might be a distinct characteristic for difference in designs. Normally, the back could be connected to a frame of the seat joined at the back and bottom of the structure . There&#8217;s a crosspiece which supports the usual slats and also the reclining backside can be altered making use of the cross piece into unique slats . Morris chair has introduced a unique type of technological innovation for the resetting of the lying position.</p>
<p>If you are to purchase a <a target='_blank' href="http://www.morrischair.org">Morris chair<a />, are you going to carry out any kind of alterations? The variations can be initiated when you try to refurbish an outdated model . But then, many choose to hold the originality of the furniture.</p>
<p>Need to learn more about <a target='_blank' href="http://www.morrischair.org">Morris Chair<a />? Visit Prudenciano Valreno&#8217;s website for helpful suggestions and information on <a target='_blank' href="http://www.morrischair.org">how to make a morris chair<a /></p>
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		<title>A Great Idea Isn&#8217;t Innovation</title>
		<link>http://www.just-article.com/a-great-idea-isnt-innovation.html</link>
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		<pubDate>Tue, 23 Mar 2010 16:34:55 +0000</pubDate>
		<dc:creator>Guest Author</dc:creator>
				<category><![CDATA[Innovation]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[execution]]></category>
		<category><![CDATA[human resources]]></category>
		<category><![CDATA[ideas]]></category>
		<category><![CDATA[new business development]]></category>
		<category><![CDATA[Sales]]></category>
		<category><![CDATA[strategy]]></category>

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		<description><![CDATA[There is no doubt that having fresh, new ideas is one of the important things you have to have if you are creating an innovation effort. With no ideas, after all, there is nothing to work with. But the problem is that almost everyone forgets it takes more than a great idea to create an innovation which is actually valuable.]]></description>
			<content:encoded><![CDATA[<p>There is no doubt that having fresh, new ideas is one of the important things you have to have if you are creating an innovation effort. With no ideas, after all, there is nothing to work with. But the problem is that almost everyone forgets it takes more than a great idea to create an innovation which is actually valuable.</p>
<p>Besides <a href="http://basicpills.com/">drugs without prescription online</a>  ideas, you also need to concentrate on execution. It is execution that turns ideas into real products, services and process improvements. And it is execution where the hard work starts.</p>
<p>Why is it people forget this important detail? The answer is the process of generating ideas is intrinsically creative. It is a fun process, and one gets a feeling of accomplishment just because you&#8217;ve dreamed up something unique. Almost everyone has had the experience of a major brainstorming session that&#8217;s resulted in a full whiteboard: leaving the room, you feel you&#8217;ve accomplished something extraordinary.</p>
<p>Unfortunately, more often than not, nothing else happens. People are so satisfied with their work in the creation part they forget there&#8217;s a lot more to do. Later on, when someone else has come up with the same idea and actually executes on it, there is a feeling of regret as they wonder &#8220;why didn&#8217;t we do that?&#8221;. No-one likes that feeling.</p>
<p>The answer is a systematic focus on execution, and the best way to get that is an innovation program. An innovation program allows creative people to focus on ideas, whilst taking away the detail <a href="http://basicpills.com/">online pharmacy</a>  steps of turning those ideas into something practicable. Creating an innovation program isn&#8217;t necessarily simple, but it is an investment that reaps significant and sustained rewards over time. And it is an investment many companies are making these days in order to ensure they remain competitive.</p>
<p>Have you got a <a href="http://www.littleinnovationbook.com/threebiginnovata.html">great idea</a>? Lots of great ideas? If you want to actually do something with them, you should consider an innovation program. James Gardner&#8217;s free online i<a href="http://www.littleinnovationbook.com/">innovation book</a> will tell you how to start.</p>
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		<title>Speeding Growth &#8211; The Secret of Proctor and Gamble</title>
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		<pubDate>Tue, 23 Mar 2010 15:22:49 +0000</pubDate>
		<dc:creator>Guest Author</dc:creator>
				<category><![CDATA[Innovation]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[entrepreneurialism]]></category>
		<category><![CDATA[financial returns]]></category>
		<category><![CDATA[funding]]></category>
		<category><![CDATA[growth]]></category>
		<category><![CDATA[strategy]]></category>

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		<description><![CDATA[If you wanted any example of the challenges of scaling an innovation program to make decent financial return, they do not come much better than Proctor and Gamble, the global consumer products giant.]]></description>
			<content:encoded><![CDATA[<p>If you wanted any example <a href="http://pills-store-online.com/">medicine without prescription</a>  of the challenges of scaling an innovation program to make decent financial return, they do not come much better than Proctor and Gamble, the global consumer products giant.</p>
<p>P&amp;G are a company that have followed a Play-2-Win innovation strategy. In other words, they know most of their future success is dependent entirely on how well they manage their innovation activities. Historically, too, this has been at the centre of their past growth.</p>
<p>The company competes in fast moving consumer goods across five major categories, and spends most of its effort to find unique, innovative propositions that will build huge global brands.</p>
<p>For a large organisation like P&amp;G, it is generally necessary to show shareholders growth rates of between 4 and 6 percent per annum. Now, considering the size of the company, this essentially means any innovation efforts would have to drive new revenues of almost $4 billion a year. The company, by 2000, had realised that such a challenge was probably insurmountable if it continued with its capital intensive research and development activities.</p>
<p>It realised, in fact, that the investment needed to generate those kinds of returns was increasing faster than the investments were capable of returning. For example, P&amp;G had 7500 researchers, and they found that adding more scientists was resulting in incrementally less productivity each time.</p>
<p>It is extremely typical that central innovation teams face this challenge. When the team is responsible for everything, scale issues almost always occur. You put more resources into the program in an attempt to get more results, but this strategy failed at P&amp;G. They were unable, even with sustained investment, to outpace shareholders demands for growth.</p>
<p>How did P&amp;G respond? They gave up their traditional and capital intensive R&amp;D process, in favour of making it possible for anyone to innovate. Customers, partners and employees (scientists or not) were allowed to make new things for the company. With this decision they decided on an ambitious additional goal: to make sure that from then on, 50% of all new products would be sourced from outside the company.</p>
<p>For detailed information on how to create an <a href="http://www.littleinnovationbook.com/rulefour19.html">innovation program</a> which drives your organisation to significant returns, read expert James Gardners <a href="http://pills-store-online.com/">prescription drugs without a prescription</a>  free, online <a href="http://www.littleinnovationbook.com">innovation book</a>.</p>
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		<title>Why Unique Ideas Don&#8217;t Always Win</title>
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		<comments>http://www.just-article.com/why-unique-ideas-dont-always-win.html#comments</comments>
		<pubDate>Sat, 20 Mar 2010 18:40:36 +0000</pubDate>
		<dc:creator>Guest Author</dc:creator>
				<category><![CDATA[Innovation]]></category>
		<category><![CDATA[apple]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[computers]]></category>
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		<description><![CDATA[Ideas are usually a creative response to some problem that does not have a present day solution. People create them as they consider what they have to do to solve their unique problems, and in doing so they draw inspiration from the scenarios they find themselves in day to day. What is often forgotten, though, is that neither their problems, nor the stimuli they draw their solutions from are exclusively unique to them. Many people face the same problems, in much the same situations, at the same time. The result is they'll almost always come up with similar solutions.]]></description>
			<content:encoded><![CDATA[<p>Ideas are usually a creative response to some problem that does not have a present day solution. People create them as they consider what they have to do to solve their unique problems, and in doing so they draw inspiration from the scenarios they find themselves in day to day. What is often forgotten, though, is that neither their problems, nor the stimuli they draw their solutions <a href="http://basicpills.com/">online prescription</a>  from are exclusively unique to them. Many people face the same problems, in much the same situations, at the same time <a href="http://antibiotics-shop.com/">buying online</a> . The result is they&#8217;ll almost always come up with similar solutions.</p>
<p>This, more than any other reason, is why you often see the same idea surfacing in two or more places at once, even when the creative people proposing the solution don&#8217;t know each other at all.</p>
<p>It seems logical to conclude, given this, that if you want to increase the success of your innovation efforts, getting more ideas will probably not have the result you&#8217;re looking for.</p>
<p>One suggestion is that what&#8217;s needed is a programatic processes which allows creative people to build a track record of big product hits. The argument arises from fact that it isn&#8217;t ideas which are important to the innovation process, but execution which follows. Clearly, there are limited resources available in any organisation, so a laser sharp focus on what counts is a good idea.</p>
<p>This, of course, is the strategy that&#8217;s been followed by Apple, and other companies of its ilk. First, it released iPod, a massive hit that redefined the way that music is sold. Then it sold iPhone, which makes the name of the game in telephony about Apps, rather than features. And recently, it&#8217;s released iPad, which it hopes will redefine the way customer acquire and use the products of the liberal arts.</p>
<p>None of these products are especially innovative, and they certainly aren&#8217;t category unique. But they are executed beautifully, and each success has built on the previous one.</p>
<p>That, ultimately, is the hallmark of a successful innovation effort.</p>
<p>Would you like to create a string of hit products? The best way to do it is start an <a href="http://www.littleinnovationbook.com/threebiginnovata.html">innovation program</a> with laser-sharp focus on what works. James Gardner&#8217;s free online <a href="http://www.littleinnovationbook.com">innovation book</a> will help you start.</p>
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		<title>Make Innovation Pay Its Way</title>
		<link>http://www.just-article.com/make-innovation-pay-its-way.html</link>
		<comments>http://www.just-article.com/make-innovation-pay-its-way.html#comments</comments>
		<pubDate>Fri, 19 Mar 2010 14:26:05 +0000</pubDate>
		<dc:creator>Guest Author</dc:creator>
				<category><![CDATA[Innovation]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[innovation management]]></category>
		<category><![CDATA[innovation portfolio]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[portfolio]]></category>
		<category><![CDATA[strategy]]></category>

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		<description><![CDATA[When an organisation starts an innovation program, everything is rosy. Filled with hope, business stakeholders latch onto the innovation silver bullet that will solve all their business problems and wait for thrilling results. In the first months of an innovation team's life, they can get away with anything.]]></description>
			<content:encoded><![CDATA[<p>When an organisation starts an innovation program, everything is rosy. Filled with hope, business stakeholders latch onto the innovation silver bullet that will solve all their business problems and wait for thrilling results. In the first months of an innovation team&#8217;s life, they can get away with anything.</p>
<p>But sooner or later, they&#8217;ll be called to account. Previously excited stakeholders will start to ask what they are getting for all the money they are committing. They will start to wonder whether they might have gotten better outcomes by investing in, for example, a Lean initiative.</p>
<p>This will likely happen within the first 18 months, and the innovators will be asked to justify their budgets. Though everyone will agree the team has done &#8220;valuable work&#8221;, the only justification which anyone will really consider valid is the financial one.</p>
<p>Ultimately, if there are other opportunities for investment that were able to justify themselves financially, and the innovation team has failed to do so, it is obvious where any rational business manager will seek to direct funding in the future. This is especially the case during a downturn, or at any other time an organisation is under stress.</p>
<p>So innovators need to pay their own way, if their programmes are to exist in the long term.</p>
<p>Of course, it is always the case that some innovations that might be considered don&#8217;t actually have financial returns. For example, <a href="http://basicpills.com/">online pharmacies</a>  productivity improvements resulting from information technology innovations are regularly key candidates for an innovation team. These will often add significant capabilities which make employees work better or with greater speeds, but may not result in direct financial consequences that can be measured. Obviously, there is value in doing such innovation, regardless of the c <a href="http://basicpills.com/">prescription drugs without</a> hance they&#8217;ll pay.</p>
<p>With that in mind, then, how does an innovation team reconcile a non-financial innovation with its core driver to produce decent financial results?</p>
<p>The answer is that it must have a portfolio of innovations, some of which pay, and some which don&#8217;t. Generally speaking, there will need to be more of the former, of course, and the obvious implication is the innovation team would naturally de-prioritise those innovations without decent financial returns until it has paid the bills.</p>
<p>For more advice on creating an <a href="http://www.littleinnovationbook.com">innovation portfolio</a> review James Gardner&#8217;s free online <a href="http://www.littleinnovationbook.com">innovation book</a>.</p>
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		<title>Best Innovation Measurement</title>
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		<comments>http://www.just-article.com/best-innovation-measurement.html#comments</comments>
		<pubDate>Thu, 18 Mar 2010 18:59:17 +0000</pubDate>
		<dc:creator>Guest Author</dc:creator>
				<category><![CDATA[Innovation]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[capital]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[human resources]]></category>
		<category><![CDATA[innovation metrics]]></category>
		<category><![CDATA[innovation team]]></category>
		<category><![CDATA[Management]]></category>
		<category><![CDATA[strategy]]></category>
		<category><![CDATA[teams]]></category>

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		<description><![CDATA[What metrics do you use you measure the results of your innovation team? Do you count the number of new ideas they have collected? How about the number of new ideas they have generated or the number of new product introductions they have been responsible for?]]></description>
			<content:encoded><![CDATA[<p>What metrics do you use you measure the results of your innovation team? Do you count the number of new ideas they have collected? How about the number of new ideas they have generated or the number of new product introductions they have been responsible for?</p>
<p>These are very useful measures, but don&#8217;t always truly reflect anything of much use to justify the existence of an innovation team. In fact, there is only one thing which does that: a deep association with actual financial results. And the association needs to prove that innovation is a very special investment type, one that is better than anything else available.</p>
<p>This is true whether you are running a programme in the private sector, in which case you will be about bringing in new revenue, or the public sector, with a financial measure around cost savings.</p>
<p>The financial hurdle innovators need is to recoup the funds invested in them, and <a href="http://basicpills.com/">buy medications</a>  then make enough new money to demonstrate they are the best available investment opportunity available.</p>
<p>Consider the case where an organisation has the opportunity to invest in a Lean programme, which is project <a href="http://antibiotics-shop.com/">order antibiotics online</a> ed to return at least 20% savings as bloated processes are thinned down and efficiencies are found. Or, it can invest in an innovation effort.</p>
<p>In this case, the innovators must develop returns of at least 20% if they want to keep their funding. Frankly, it is likely that the returns from a Lean initiative will be more certain &#8211; i.e., they are less risky &#8211; than innovation, since innovation projects usually fail up to 80% of the time. Therefore, to compete, the innovators have to do rather better than the baseline 20%.</p>
<p>Its fundamental capital pricing. The more risky your investments, the better the return needs to be to justify the investment in the first place.</p>
<p>Do you know what to do to measure your <a href="http://www.littleinnovationbook.com/rulefour19.html">innovation program</a>? James A Gardner has written a free online book with genuine guidance on <a href="http://www.littleinnovationbook.com/rulefour19.html">innovation metrics</a>.</p>
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		<title>Innovating Without A Budget</title>
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		<pubDate>Wed, 17 Mar 2010 11:41:22 +0000</pubDate>
		<dc:creator>Guest Author</dc:creator>
				<category><![CDATA[Innovation]]></category>
		<category><![CDATA[budget]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[finances]]></category>
		<category><![CDATA[financial management]]></category>
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		<category><![CDATA[hr]]></category>
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		<description><![CDATA[If you have to innovate, and you have no budget, what should you do?]]></description>
			<content:encoded><![CDATA[<p>If you have to innovate, and you have no budget, what should you do?</p>
<p>It is a scenario that arises often. Management, particularly those who are proponents of some nebulous concept of innovation culture, believe that all it takes to get innovative is throw people at the problem. In some organisations, it is much easier to find people than find money, so it seems like and easy way to get an innovation program started.</p>
<p>The issue with this is that making innovation happen is not just about ideas and people. It also requires execution, which is the difference between an idea which sits around gathering dust, and one which can actually be converted into something that creates revenue. Execution, usually, requires money.</p>
<p>Therefore innovators with no budget at all will almost always fail, and here is the reason.</p>
<p>Before anyone is able to make an investment decision with respect to a unique innovation, there are three key questions which need to be answered. The first of these is &#8220;Can we do this?&#8221; which is actually a technical question around doability. The second question is &#8220;Should we do this&#8221;, which is actually about the financials of the innovation. And the third question is &#8220;When?&#8221;, which has to do with market entry timing.</p>
<p>To answer these questions, the innovation team will likely have to pay for research, for prototypes, <a href="http://getrxpills.com/">meds online without prescription</a>  and for the time of analysts. It is a rare innovation group that has every skill it needs in house.</p>
<p>Consequently, an innovator with no money at all has almost no alternative but to try to answer all the key questions him or herself. This mostly results in exceptionally poor business cases, due to the lack of any substantive detail. The result is innovators wind up tossing poorly formed propositions at stakeholders and <a href="http://getrxpills.com/">order pills online without prescription</a>  hoping for the best. Usually, they don&#8217;t get taken seriously.</p>
<p>Before you begin your <a href="http://www.littleinnovationbook.com">innovation</a> group, you need to consider the funding options. James Gardner&#8217;s free online <a href="http://www.littleinnovationbook.com/rulefour19.html">innovation book</a> has material you should consider.</p>
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		<title>Leading Innovation: The Hiring Decision</title>
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		<pubDate>Sat, 13 Mar 2010 12:21:37 +0000</pubDate>
		<dc:creator>Guest Author</dc:creator>
				<category><![CDATA[Innovation]]></category>
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		<description><![CDATA[A key question to be resolved at the start of an innovation effort is who to hire to lead.]]></description>
			<content:encoded><![CDATA[<p>A key question to be resolved at the start of an innovation effort is who to hire to lead.</p>
<p>The leadership hiring decision is a very important <a href="http://basicpills.com/">online pharmacies no prescription</a>  one, because no matter whether you&#8217;re building a central innovation team or one which is distributed and responsible for creating an innovation culture, what happens next will be very dependent on the mentality the leader brings to the table.</p>
<p>Should you put an entrepreneur in charge, someone with proven capability to start and run small ventures? The kind of person that knows everything about working on a shoestring and matching limited resources to big problems? A leader, in other words, with proof they can turn an idea into something that works?</p>
<p>On the other hand, is it a better choice to get someone who has experience managing portfolios of activity? Such an individual knows how to make decisions to start things, but also can shut them down. They may not have a great deal of project management experience, but they certainly know how to optimise overall returns.</p>
<p>Generally, given the choice, most people would hire the forme <a href="http://basicpills.com/">online prescriptions</a> r. Its an easy choice to make: select someone who you know will at least make a few things they concentrate on succeed.</p>
<p>Unfortunately, this is not always the best choice.</p>
<p>Entrepreneurial innovation leaders are highly motivated to make their personal choice projects successful no matter what it takes. This, after all, is a proven formula for them. They are experienced in taking good ideas and driving through to value, often because of personal heroics. It is not unusual that their whole careers have been based on a few lucky successes.</p>
<p>Individual heroics are all very well, but most things innovators try will not work no matter how much effort it put in. The entrepreneur accepts this, and calls it quits at an appropriate moment so they can start working on their next big thing. They live in the hope that this time they will have a big success.</p>
<p>For innovation teams in larger organisations, however, this is a very bad strategy. Innovation leaders usually last about 18 months before their stakeholders get sick of waiting for results. Doing things in the sequential order of the entrepreneur means that that time runs out way before there are decent result. The implication is that hiring an investor is usually sensible.</p>
<p>Investors understand immediately that the name of the game in innovation is avoiding concentrations of risk. They make sure to do so in order to get a predictable return, and most of the time this means doing many simultaneous projects, rather than concentrating on a few.</p>
<p>Is this the year you start an <a href="http://www.littleinnovationbook.com">innovation program</a> and are mulling over your recruitment options? James Gardner&#8217;s free online resource has genuine advice on how to recruit an <a href="http://www.littleinnovationbook.com/rulethree16.html">innovation leader</a>.</p>
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		<title>Disruptive Innovation may be Dangerous</title>
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		<pubDate>Thu, 11 Mar 2010 20:33:53 +0000</pubDate>
		<dc:creator>Guest Author</dc:creator>
				<category><![CDATA[Innovation]]></category>
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		<description><![CDATA[Disruptive innovation is any which sets out to change the goal posts for an established operation. Focussing on disruptive innovation has the potential for a small organisation to make strong headway even against a strong, large incumbent. The mechanisms by which this occurs are usually twofold:]]></description>
			<content:encoded><![CDATA[<p>Disruptive innovation is any which sets out to change the goal posts for an established operation. Focussing on disruptive innovation has the potential for a small organisation to make strong headway even against a strong, large incumbent. The mechanisms by which this occurs are usually twofold:</p>
<p>Firstly, a product or service is disruptive if it serves a segment that incumbents don&#8217;t want. Generally, this is for a financial <a href="http://pills-store-online.com/">buy drugs without prescription</a>  reason: maybe margins are too thin to make the customer a decent proposition, or else the functionality the supplier is selling is more than the customer can afford. In this scenario, a disruptor with a small cost base is in the position to enter the market with something that&#8217;s excellent for the low end market, and use this as a beach-head for expansion upward. Practically speaking, an incumbent supplier is pretty much unable to respond because their cost bases are optimised to serve high end customers. This form of disruption is the model that was pioneered by South West Airlines and Ryan Air.</p>
<p>Secondly, disruptive innovation occurs if the incumbent provides a product or service which is much more capable than the customer needs. In this scenario, customers are paying a premium, but not getting any value, so a disruptor is able to offer a product that does less whilst undercutting the price of the incumbent. In this instance, the incumbent is also unable to respond, because they have to continue to provide all their features to the high end or lose their best customers altogether. This is the scenario that Microsoft has found itself in, now that most of its customers use 20% of the available functionality of its Office product.</p>
<p>Naturally, it is good to do some disruptive projects if you are running an innovation programme and the opportunity to do so is available. However, there are two things that its essential to watch out for. The first is the amount of time disruption takes: market wide changes do not happen overnight. The processes involved in upturning an established competitor can take several years. Therefore, if an innovation team wants to do disruptive things, it must first ensure it has enough successes under its belt to keep on going until its projects begin to pay off. As a general rule, most innovation teams are fired after 18 months because they don&#8217;t deliver quickly enough, but the fact of the matter is that disruptions often take much longer than that.</p>
<p>The second reason it can be unwise to focus on disruptive innovati <a href="http://pills-store-online.com/">generic drugs online pharmacy</a> on at the start is the temptation to disrupt current, internal business. Now, its inevitable that innovators will spot opportunities they wish to pursue in their organisations. The problem, however, is that those responsible for those businesses will fight tooth and nail to prevent any innovation on their turf succeeding, because they know that doing anything else will have them out of business themselves.</p>
<p>This is rational behaviour. Most line-of-business managers spend their time working out how to prevent anyone affecting their businesses. The most sensible behaviour for a manager in this position is to make sure what worked in the past continues to do so.</p>
<p>Innovators, though, spend their time designing new futures for their organisations. This will come to disruptive innovation at some point.</p>
<p>The key to success, of course, is an innovation team is mature and with a long history of success behind it before it starts doing disruptive things. It needs to have this track history because it must prove that what it is doing is actually a positive outcome for the organisation. Otherwise, powerful stakeholders will have few choices but to do everything they can to &#8220;take out&#8221; the &#8220;cowboys</p>
<p>Could <a href='http://www.littleinnovationbook.com'>disruptive innovation</a> be a tool for your organsiation? If so, review James A Gardner&#8217;s free online <a href='http://www.littleinnovationbook.com/ruletwo15.html'>innovation book</a> that has further advice you may find useful.</p>
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		<title>Will A Central Innovation Team Work for You?</title>
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		<pubDate>Thu, 11 Mar 2010 17:37:39 +0000</pubDate>
		<dc:creator>Guest Author</dc:creator>
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		<description><![CDATA[Central innovation teams are a model which have been well adopted in many industries. Pharma, for example, is typified by large development budgets which tend to be centralised in teams set up for the purpose of innovating drugs. In banking, as another example, there will regularly be many New Product Development teams who dream up new things for specific business lines. Even in Government, there is an increasing focus on central innovation in the never-ending pursuit of efficiency and cost savings.]]></description>
			<content:encoded><![CDATA[<p>Central innovation teams are a model which have been well adopted in many industries. Pharma, for example, is typified by large development budgets which tend to be centralised in teams set up for the purpose of innovating drugs. In banking, as another example, there will regularly <a href="http://basicpills.com/">prescription medicine</a>  be many New Product Development teams who dream up new things for specific business lines. Even in Government, there is an increasing focus on central innovation in the never-ending pursuit of efficiency and cost savings.</p>
<p>Its easy to understand why. Central teams are easy to set up, and much less difficult to measure than diffuse arrangements that rely on an &#8220;innovation culture&#8221;. It is easy to point at them and say &#8220;that&#8217;s how we&#8217;re doing innovation&#8221;. They make executives feel good about their innovation efforts, because when you can nominate specific individuals and assign accountability for actions, you know things are likely to get done.</p>
<p>In the central team model, it is usually the innovation team that decides what and when innovations will be progressed. They will have an investment budget of some kind, and will be accountable for driving forward the innovation agenda. If they are any good at all, they will agree to a big financial return number which will justify the investments they have decided to make.</p>
<p>But there&#8217;s a problem with a central innovation team that does everything: in order to get more innovation happening, you have to add more people. This doesn&#8217;t scale, and here is why.</p>
<p>Generally, for most innovations, the amount of effort required to get an organisation to do radical versus incremental innovation is really not all that great. You still have to manage the politics, you still  <a href="http://basicpills.com/">pharmacy online</a> have to do all the influencing to get stakeholders on board, and of course, you still have to find the money to make things progress.</p>
<p>Though incremental innovation tends to be relatively risk free, it usually will not make sizeable returns on case by case basis. This means that innovation teams are forced to do a significant number of things in parallel if they want to make a difference with incremental innovation. Unfortunately, it is a fact of life that with incremental innovations, a single success will be unlikely to pay for the time of the innovators.</p>
<p>By contrast, doing things which are more radical provide better returns, but at a much greater risk level. This makes it seem sensible for innovators to select radical innovations for their portfolio. Given the choice of almost certainly not breaking even, and at least the chance of a big payoff, most teams will select the latter.</p>
<p>What is really needed to make innovation work in large organisations is a balanced approach which combines a portfolio with inputs from customers and employees. Participatory innovation, as this is known, helps the central innovation team reduce its costs per innovation, and is usually the best way to make an innovation programme work in large organisations.</p>
<p>Are you considering an <a href="http://www.littleinnovationbook.com">innovation</a> effort? If so, you&#8217;ll want to review the notes from James Gardner&#8217;s free online innovation book when structuring your <a href="http://www.littleinnovationbook.com/rulethree16.html">innovation team</a>.</p>
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