Currently viewing the tag: "Innovation and resources"

Value and desire

Innovate in an organization, through their products or services, can produce very significant benefits if we innovate in the business model.

Innovation can enable new opportunities in expanding markets, increase margins through new ways of doing business and improve operational efficiency through a more efficient and effective use of existing resources.

Innovation emerges from the base to the top, in teams that are formed by sympathies or natural synergies and interact without having to ask for permission to do so.

Organizations need leaders that increase the power of collaboration or managers who facilitate the unpredictable and promote the creative work of all.

Each organization is a collection of unique features and capabilities that provide the basis of its strategy and the main source of their returns.

But innovation is not only to create new products and services. It is also about developing creative processes and new ways of thinking.

Innovation is, thinking about the people, about things, about the relationships between them and solves problems in new ways. It is to build a better world by managing resources and talents!

The effective use of potential resources in innovation is not only by the inventory of available resources but also in the assessment of these resources.

Argentina

The development of new features and greater productivity of technology may be the answer that organizations need to obtain and thus a correct evaluation of the physical and human resources can change the value of the existing potential in the organization.

This means that it can be important not to say just what our availabilities are but also evaluate the potential of them.

The evaluation of internal resources, allows a balanced demand for external resources without wastage of financial resources and to recognize the adequacy of resources is important in the development of an innovation strategy.

“Technology, or knowledge, that exceeds what the market is willing to pay for ceases to be a competitive advantage.” Clayton Christensen

But what resources (people, time, resources and information should) be available to support the efforts of innovation?

It is curious to note that both excess and lack of available resources can inhibit innovation. This is because on the one hand, the organizations where there are abundant resources have a conservative culture where creativity is taboo and on the other hand, in companies with resource scarcity cost compression inhibits innovative perspectives.

However, to do evaluations, not just stating their availability enables companies with scarce financial resources to increase their chances of developing innovative products and services.

The evaluation of resources can enable, feeding the kind of approach to develop in innovation, the continuous redraw and its adaptation to market requests.

For example, “the main objective of lean design is to use existing components and make sure that the final drawings are compatible with existing processes, so that the resources of the company can be leveraged as much as possible.”

The capacity for innovation, or the ability to provide resources to implement innovations in processes, technologies or other, quickly, effectively and efficiently, but without creating major additional costs, relies heavily on the knowledge obtained in the evaluation of existing resources in the organization.

But so that this knowledge is not only information and can therefore be integrated into the framework of the Organization we must take into account:

– What is that determines what are the components that promote and those that inhibit the adaptation to new realities.

– What is the innovative capacity of the Organization as a system.

Change and adaptation require innovation and this means constantly making things different and better. We know that not everything that is different is better, but what is better is always different than there were before.

Innovation is the creation of something new with a value extremely desired, but either the value or desire, are determined by the intervention of users or consumers.

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Think big, start small?

I think innovation is capable of producing significant benefits that help to leverage a business.

Innovation can enable new opportunities in booming markets, increase margins through new ways of doing business and improve operational efficiency through a more efficient and effective use of existing resources.

Each organization is a collection of unique features and capabilities that provide the foundation of its strategy and the main source of their returns.

But innovation is not just to create new products and services. It is also about the development of creative processes and new ways of thinking.

Innovation is thinking about people, about things and about the relations between them, and to solve problems in new ways. Is to build a better world!

There is a good challenge, which I recommend for anyone thinking about innovation and on the best way of addressing in organizations, proposed by Paul Hobcraft and Jeffrey Philips (see here) that got me thinking about the use of the resources of the organizations, among other things, when they want to embrace innovation.

The effective use of potential resources in innovation is not only by the inventory of available resources but also for the assessment of these resources.

The development of new features and greater productivity of technology can be the answer that organizations need to obtain and thus a proper assessment of their physical and human resources can change the value of the existing potential within the organization.

This means that it can be important not just to say what their availabilities are but also assess the potential of them.

The evaluation of internal resources allows a balanced demand for external resources without waste of financial resources and to recognize the medium-term may be important in developing an innovation strategy.

“Technology or expertise that goes beyond what the market is willing to pay for is no longer a competitive advantage.” Christensen

What resources (people, technological resources, time and information) are available to support innovation efforts?

It is curious to note that both excess and shortage of resources available can inhibit innovation. This is because in organizations where there are resources in abundance exists a conservative culture where creativity is taboo and in companies with limited resources cost compression inhibits innovative perspectives.

However, assessing, not just stating their availability enables organizations with scarce financial resources to increase their chances of developing innovative products and services.

Evaluation of resources in an organization may allow, feeding always the sort of approach to develop in innovation, continuously redrawing and their adaptation to the demands of the markets.

In environments characterized by life cycles, technology cycles or economic cycles the “innovation capacity” that is, resource capacity to implement innovations in processes, technologies or components quickly and efficiently, but without great expense, depends on the knowledge gained in the evaluation of resources.

“Two types of indexes are necessary for the evaluation of innovation capacity. The first type determines which components support or inhibit the adaptations. The second type assesses the ability of innovation of the whole system. ” World Academy of Science,

This text is part of a wider exercise and has privileged the physical resources. In a forthcoming approach it will be the human resources and the assessment of their potential for the development of innovation in organizations.

I appreciate comments and suggestions for development. Thank you!