innovatively. In an innovative manner.

innovative. Characterized by the creation of new ideas or things. Forward looking; ahead of current thinking.

innovate. (obsolete, transitive) To alter, to change into something new; to revolutionize. (intransitive) To introduce something new to a particular environment; to do something new. (transitive) To introduce (something) as new.

The quality of being novel: freshness, newfangledness, newness, novelty, originality.

Something innovative is new and original. If you love to experiment and find new ways to do things, you are an innovative person. Innovative, like nova, novel, and novice, comes from the Latin novus, which means new. Something innovative renews or alters the way something has been done.

The four different types of innovation mentioned here – Incremental, Disruptive, Architectural and Radical – help illustrate the various ways that companies can innovate. There are more ways to innovate than these four.

Innovation means to improve or to replace something, for example, a process, a product, or a service. Innovation is a process by which a domain, a product, or a service is renewed and brought up to date by applying new processes, introducing new techniques, or establishing successful ideas to create new value.

The key characteristics of innovative people

1. Continuous reflection.
2. Unattached exploration.
3. Iterating between abstract and concrete thinking.
4. Action-oriented.
5. Opportunity-focused.
6. Mental resilience.
7. Intellectual humility.
8. Courage.

creativity, critical thinking, and complex problem solving. All three of these skills are essential to developing and bringing to life a new innovation that solves a real problem and provides meaningful value.

Innovation personalities are unconventional thinkers who can generate ideas that earn attention. By strategically applying their talent for creativity, they quickly solve problems with fresh and inventive solutions.

the enthusiasm to try new things and gain new skills. a creative approach to problem solving. the ability to think imaginatively, but also strategically and practically (after all, it doesn’t matter how creative an idea is if it isn’t realistic commercially)

21 Great Ways to Innovate

1. Copy someone else’s idea. One of the best ways to innovate is to pinch an idea that works elsewhere and apply it in your business.
2. Ask customers.
3. Observe customers.
4. Use difficulties and complaints.
5. Combine.
6. Eliminate.
7. Ask your staff.
8. Plan.

5 Characteristics of Innovation

• Relative Advantage. – this is when an innovation is considered as an improvement upon the innovation before it.
• Compatibility. – when an innovation is deemed suitable enough to fit within society’s values and norms.
• Trialability.
• Observability.
• Complexity.

The diffusion of innovations theory identifies the following five characteristics that determine people’s use of an innovation.

• Relative Advantage.
• Compatibility.
• Complexity vs.
• Trialability.
• Observability.
• Relative Advantage.
• Compatibility.
• Complexity vs.

The Seven Essential Characteristics of Innovative Companies

• Unique and Relevant Strategy.
• Innovation Is a Means to Achieve Strategic Goals.
• Innovators Are Leaders.
• Innovators Implement.
• Failure Is an Option.
• Environment of Trust.
• Autonomy.

Innovation is vital in the workplace because it gives companies an edge in penetrating markets faster and provides a better connection to developing markets, which can lead to bigger opportunities, especially in rich countries.

“Innovation is the creation, development and implementation of a new product, process or service, with the aim of improving efficiency, effectiveness or competitive advantage.”

Risks of innovation

• operational – eg failing to meet your quality, cost or scheduling requirements.
• commercial – eg failing to attract enough customers.
• financial – eg investing in unsuccessful innovation projects.

Importance of innovation – adapt, evolve and grow through disruption

• Being bold in taking on the innovation challenge build people’s readiness and receptivity to change,
• Assisting people to resolve their unconscious biases and resistance to it,
• Developing both customer intimacy and customer empathy.

Five Causes of Innovation Blues

• Innovation as a Lip Service.
• Lack of Comprehensive Innovation Strategy.
• Lack of Passionate, Innovative Leaders or Practitioners.
• Bureaucratic Culture.
• Lack of Solid Innovation Execution Capability.

Key Success Factors for Innovation Management

1. Constant improvement. Have you ever mastered a skill without a systematic plan and hours of practice?
2. Create value for your customers.
3. Implement The Lean Startup Model.
4. Allocate resources properly to support your strategy.
5. Create an innovative company culture.
6. Stay focused.

Innovation Helps Organizations Differentiate Themselves If your organization is using innovation on its processes, it’s because doing so will save you time, money, or other resources, and give you a competitive advantage over other companies stuck in their systems.

The Four Key Elements of Innovation: Collaboration, Ideation, Implementation and Value Creation. Innovation requires collaboration, ideation, implementation and value creation.

5 ways for companies to remain innovative in 2019

1. Invest In Digital Talent. The teams you put together are going to have a big impact on your company’s ability to innovate.
2. Embrace Big Data.
3. Encourage Flexibility and Collaboration.
4. Implementing Idea Management Systems.
5. Embrace Change and Encourage Failure.

5 Steps for Developing Your Innovation Strategy

1. Determine objectives and strategic approach to innovation.
2. Assess and Develop Your Core Capabilities.
3. Pick your focus.
4. Align innovation strategy with your business goals.
5. Communicate and integrate your strategy to the ways of working.
6. Measure systematically and adapt.

Innovation is something new to your business that fills an untapped customer need. Ideally, the innovation builds a new market. Innovation is a process to bring new ideas, new methods or new products to an organization.

The five innovation models are:

• Employee innovation (already published)
• Customer innovation (already published)
• Partner/supplier innovation (already published)
• Competitor innovation (already published)
• Public innovation.

Essentially, there are three types of innovation: product innovation, process innovation and business model innovation. These types of innovation can include breakthrough innovation (very rare) or incremental innovation(much more common).