importance of innovation in business
TRANSCRIPT
Which single word first come to your mind when you see the
cycle?
INNOVATION
The word, may be, is
Everyone can innovate. Incorporating innovation in your communication can help you save time and money, and give you the competitive advantage to grow and adapt your business in the marketplace.
Innovation distinguishes
between a leader and a
follower. Steve Jobs
Video
This compilation of Steve Job's quotes
to be resumed in his 7 principles of
Innovation. The synthesis:
THINK DIFFERENT
Presentation on Significance of
Innovation in
Business Communication
IBA-DU EMBA 23 Batch Group Presentation by
Md Zahid Hossain Khan (023)Md. Mustafizur Rahman (002)Adil Md Kamrul Hassan Foisal (015) Md. Ryad Farjand (028)Khaled Md. Saifullah (005)
Submitted to
What is Innovatio
n?Along with traditional defination unfortunately, Innovation is often conflated with strategy. Strategy, after all is a coherent and substantiated logic for making choices, while innovation is a messy business which creates novel solutions to important problems. Strategy is about achieving objectives, while innovation is about discovery, we never know exactly where we’re going until we get there. Video
In other words, while strategy creates a clear path to a goal, innovation is often confused, as Richard Feynman explains.
Clearly, we need to develop frameworks for innovation that are separate from, although compatible strategy.
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The Three Pillars of Innovation
1. Competency2. Strategy3. Management
The Innovation Management
Matrix
Source: Greg Satell, is a US based business consultant and popular speaker.
Basic Research When you’re aim is to discover something truly new,
neither the problem nor the domain is well defined. While some organizations are willing to invest in large-scale research divisions, others try to keep on top of cutting edge discoveries through research grants and academic affiliations.
Breakthrough Innovation
Sometimes, although the problem is well defined, organizations (or even entire fields of endeavor) can get stuck.
Sustaining Innovation
Whatever you do, you always want to get better at it. Like in every year, Canon cameras produce more pixels, HP computers get more powerful and household products become “new and improved.”
Large organizations tend to be very good at this type of innovation, because conventional R&D labs and outsourcing are well suited for it.
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Disruptive Innovation
The most troublesome area is disruptive innovation, because its value isn’t always immediately apparent. Notably, Yahoo and Blockbuster had the opportunity to invest in Google and Netflix early on, but missed the opportunity because they didn’t see the potential.
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World Class Performers
Why we need Innovation tools-skills in business/managerial communication?
Bring Changes in Business Models
Innovation ALWAYS
Composite Model of Innovation
Source :Business Communication Practices: Modern Trends By Uma NarulaVideo
Bring Changes in tools of Business Communication
Innovation ALSO
Trendy Innovations
Boost up your Business
Top-Down and Bottom-Up Innovation Processes
“innovation is 99% transpiration and 1% inspiration”
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How innovation relate with business?
Read The Articles from EBR
Link: http://www.europeanbusinessreview.com/?p=6808
Creativity and innovation within well-run businesses is a sure path to success. Stimulating creativity and creative problem solving will:• lead to improvements in the process of solving problems• propel innovation forward• increase the productivity of the business• give that competitive edge that every business is striving to achieve
Why is innovation important in business?
Creative ideas and innovative approaches can come from almost anywhere:• your partners• customers • target groups, • employees • marketing experts, who can bring you fresh perspectives and ideas.
Where does INNOVATION come from?
Innovation is an absolute science.
Communication Matrix
Innovation in business Innovation in communication
The next communication revolution has arrived on the back of a little blue bird.
Communication has gone through numerous changes over the centuries. Many forms have come and gone.
It's Twitter!
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Instagram Is Majorly Changing Your
Business Communication
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There is an innovational
opportunity on Instagram RIGHT NOW to attract
the exact type of customer you are
looking for.
Facebook and Communication - Engaging
Business Through
Technology
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How to make a change, innovation
with communicatio
n
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The Essentials of Innovative
Communication
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In this exclusive interview with Brian Lord, Michael McMillan shares his inspiration and process behind developing his amazing "Pink Bat: Turning Problems Into Solutions" video.
Michael McMillan's breadth of knowledge and experience, combined with his story-telling ability, make him a much-sought-after speaker, panelist, and consultant.
Communication, Innovation, and The 6 Thinking
HatsEdward De Bono's 6 Thinking Hats can help sport leaders facilitate communicate, prevent conflicts, and inspire innovation, making meetings shorter, with less awkward moments.
What Is Six Thinking Hats?
Video
Six Thinking HatsManaging Blue - what is the subject? what are we thinking about? what is the goal? Can look at the big picture.
Information White - considering purely what information is available, what are the facts?
Emotions Red - intuitive or instinctive gut reactions or statements of emotional feeling (but not any justification)
Discernment Black - logic applied to identifying reasons to be cautious and conservative. Practical, realistic.
Optimistic response Yellow - logic applied to identifying benefits, seeking harmony. Sees the brighter, sunny side of situations.
Creativity Green - statements of provocation and investigation, seeing where a thought goes. Thinks creatively, out of the box.
Business Communication Trends in Next 15 Years
A “great wave” is coming and you are either
"surfing it” or
“drowning at sea”.
BIGCONCEPT
Innovation is now highlight as a big concept in business and
communication world.
Innovation entails integrating technologies and other knowledge into a whole product, a whole technology platform, a whole business, a whole company and a whole ecology of enterprises. Innovation management focuses on the linkages and synergies among people, work units, knowledge systems, alliance partners, and inter-organizational associations that are necessary to create streams of new products and services. Innovation management is about creating and managing all these links.
Innovation for Management, for Business, for Communication
Where Innovation come from?
WHERE Innovation, aka IDEAS
COME FROM?
With Where Good Ideas Come From, Steven Johnson pairs the insight of his bestselling Everything Bad Is Good for You and the dazzling erudition of The Ghost Map and The Invention of Air to address an urgent and universal question: What sparks the flash of brilliance? How does groundbreaking innovation happen? Answering in his infectious, culturally omnivorous style, using his fluency in fields from neurobiology to popular culture, Johnson provides the complete, exciting, and encouraging story of how we generate the ideas that push our careers, our lives, our society, and our culture forward. Vide
o
Beginning with Charles Darwin's first encounter with the teeming ecosystem of the coral reef and drawing connections to the intellectual hyperproductivity of modern megacities and to the instant success of YouTube, Johnson shows us that the question we need to ask is, What kind of environment fosters the development of good ideas? His answers are never less than revelatory, convincing, and inspiring as Johnson identifies the seven key principles to the genesis of such ideas, and traces them across time and disciplines.
Most exhilarating is Johnson's conclusion that with today's tools and environment, radical innovation is extraordinarily accessible to those who know how to cultivate it. Where Good Ideas Come From is essential reading for anyone who wants to know how to come up with tomorrow's great ideas.
You Need Innovation for success, for change.
How to Manage Innovation
Video
For Business Success You Need
InnovationSkills
Thoughts on
tomorrow
Within short notice, Innovation creates tremendous impact in Business World
Innovation
Impact
Innovation
Innovation Innovation
Innovation
91,426,129
Whoa! That’s a big number, aren’t you surprised?
If you search “Innovation in Communication” in Google you could get this search result!
89,526,124$
That’s a lot of money, In 2015 big company of Japan invest this for new innovation.
100%For Total success in business and communication,
You need different knowledge on INNOVATION!
185,244 customersAnd a lot of customer directly wait for the new
innovation
Innovation processFIRST
Unlearn
Think Out of the box
SECONDFind
ProblemIdentify the
problems
LASTThink
Innovation
•Movies•Books•Online Sources•Youtube Subscriptions
Motivation for Innovation
Gung HoYear: 1986Starring: Michael Keaton, Gedde Watanabe, and George Wendt
Recommended by: Joseph Thomas, dean of Cornell University's Johnson Graduate School of Management
This movie was made when Japan was showing the world how to make better products. The movie is about the clash and eventual reconciliation of cultures. Both cultures are overdrawn a bit, but the movie is thoughtful and funny.
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House of StrangersYear: 1949Starring: Edward G. Robinson, Susan Hayward, and Richard Conte
Recommended by: Paul Danos, dean of Dartmouth College's Tuck School of Business
House of Strangers shows how microfinance worked in the ghettos of New York in the 1920s and '30s. The Gino Monetti character's banking success is based on lending money to neighborhood people with just a handshake, but that kind of "collateral" does not pass muster with the new breed of bank regulators.
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Risky BusinessYear: 1983Starring: Tom Cruise, Rebecca De Mornay, and Joe Pantoliano
Recommended by: Thomas W. Gilligan, dean of the University of Texas, Austin's McCombs School of Business
An innovative young entrepreneur discovers the profits and pitfalls of business development.
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The Social NetworkYear: 2010Recommended by: Bob Dammon, dean of Carnegie Mellon University's Tepper School of Business; Judy Olian, dean of the UCLA Anderson School of Management; and James W. Dean Jr., dean of the University of North Carolina's Kenan-Flager Business School
A timely look at the inception of Facebook and social media, the story demonstrates both the power and profitability of a great idea, as well as some real-world entrepreneurial challenges. A must-see primer on how the millennials think, invent, and connect—and how bumpy the ride can be from rags to riches.
Quote: "You are probably going to be a very successful computer person. But you're going to go through life thinking that girls don't like you because you're a nerd. And I want you to know, from the bottom of my heart, that that won't be true…"
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Working GirlYear: 1988Starring: Melanie Griffith, Harrison Ford, and Sigourney Weaver
Recommended by: Robert F. Bruner, dean of the University of Virginia's Darden School of Business
This movie evokes Horatio Alger, the iconic poor-kid-makes-good story. In this case, it is a woman—a secretary, the "working girl" who develops a concept for a merger that succeeds. The crisis that drives the plot entails the theft of ideas and the professional advancement that good ideas can earn. A lesson from this movie regards the importance of integrity and authenticity as foundations for success.
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A Small ActYear: 2010Starring: Chris Mburu, Hilde Back
Recommended by: Judy Olian, dean of the UCLA Anderson School of Management
A powerful demonstration of how individual actions, starting very small, can achieve momentous transformation.
Pirates of Silicon ValleyThis was a made-for-TV movie released in 1999 that covers the early days of the country's leading technology hub and the eventual rise of both Bill Gates and Steve Jobs. The documentary-style movie provides an interesting take on the lives of the founders of Microsoft and Apple.
Why watch it? Entrepreneurs are still looking for inspiration from these two iconic “pirates.” It definitely provides pointers to learn from.
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Wall StreetIn 1987, director Oliver Stone made Gordon Gekko, Michael Douglas, one of the most infamous characters in cinema history with his motto “greed is good.” The film centers on the illegal and unethical decisions made by Bud Fox, Charlie Sheen, to become filthy rich like Gekko, a corporate raider.
What watch it? Don’t sell yourself out just for the sake of money. Remember, being an entrepreneur isn’t just about becoming rich and famous.
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Online Source for Innovation, Ideas
innovationmanagement.seBrowse over 3000 articles to find knowledge, tools and inspirationto stimulate innovation culture and capabilities.
Books for Innovation
Creative Intelligence by Bruce NussbaumThe author demonstrates how “connecting the dots” is essential to creativity in this excellent study that does just that by blending together insights from varying industries, disciplines and historical eras to reveal the “five competencies of creative intelligence.”
Books on Innovation Tools
The 7th Sense by William Duggan
What unites Starbucks CEO Howard Schultz, military strategist Carl Von Clausewitz and Indian independence leader Monhandas Gandhi? According to Duggan, each succeeded in tapping what he calls our “seventh sense” to produce new and useful ideas. Even more importantly, the author provides practical exercises and worksheets to help readers cultivate this same ability.
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101 Design Methods
by Vijay KumarEnthusiastically embraced by organizations from the Bill & Melinda Gates Foundation to Fidelity Investments, Design Thinking is rapidly becoming the “it” approach among the innovation fashionable. Kumar provides a user-friendly collection of design tools and mindsets, from a trends matrix to an implementation plan. He also explains how to weave them together within the nonlinear and iterative “design innovation process.”
Non-Innovation Innovation Books
The Plague by Albert CamusInnovation is not only about making the next shiny widget, but also the ability to engage and persuade target audiences. Camus’ novel superbly illustrates the power of metaphors within communication; as the entire story about bubonic plague striking the Algerian town of Oran can also be read as an allegory of French resistance under German occupation in World War II. Furthermore, how the characters act and persevere against unknowable forces personifies the mindset required for innovation.
Unflattening by Nick SousanisThe first comic ever published by Harvard University Press, this book is both one of the most unique PhD theses ever written and an incisive meditation on the relationship between text and images. While the word “innovation” doesn’t appear anywhere in the book, the philosophy animating it is the same that lies behind the innovation process. Most companies comfortably operate in a flattened two-dimensional world between execution and scale; unflattening them demands regaining what Sousanis calls the “wonder of what might be.”
Books on Innovation Strategy Innovation as
Usual by Paddy Miller & Thomas Wedell-Wedellsborg
Refreshingly, this book forgoes the usual conceit that its readers are CEOs whose whims translate into immediate impact and aims squarely at ordinary managers. It recognizes that mindsets, systems and behaviors all must be marshaled to create an “architecture of innovation.” Quote: “We like to say that we live on the first floor of the ivory tower.”
Why your business should focus on Real Innovation not buzzword trends
There’s a new buzzword being
bandied around the business world.
But what does ‘accelerated culture’
mean for the state of business, and for life as an entrepreneur?
By Richard Branson19 August
2015@richardbranson
The business communication landscape is a very different beast today than it was even 5 years ago. Then agency-led television commercials dominated how we channel our business marketing. The very fact you are reading this here proves that things have changed.
Such as, Coca-Cola have always been at the forefront of innovation. In this video Jonathan Mildenhall, Vice-President, Global Advertising Strategy and Creative Excellence at The Coca-Cola Company is the person responsible for leading global creative vision and strategy for the Company's portfolio of global brands. In this video he explains how Coke will challenge of content creation in an enlightening way, reminding us that "every contact point with a customer should tell an emotional story".
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Innovative Small business Ideas.Small Business Ideas That Will Always Generate Profit. You want to start small business in India, Bangladesh, USA, Canada, China, Germany, Japan, Thailand, Indonesia, Brazil or anywhere in the world. These 5 Small Business Ideas are risk free.
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Weird Inventions That Made Millions of DollarsFrom head wigs made for dogs to Billy Bob teeth and pet rocks, we count 20 weird inventions that made millions of dollars.
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Innovation is always pricey.
Need Inspiration for Innovation?
For good ideas and true innovation, you need human interaction, conflict, argument, debate.
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Be an amazing human, you could innovate.
CreditsSpecial thanks to all the people who made and released these awesome resources for free:› Course Teacher Saif Noman Khan’s class
lectures and sharing experiences› Presentation template by SlidesCarnival› Photographs by Startupstockphotos
ReferencesBusiness Communication Practices: Modern Trends By Uma Narulahttps://books.google.com.bd/books?id=zUeUag0POZ4C&pg=PA174&lpg=PA174&dq=innovation+in+business+communication+trends&source=bl&ots=P42hklamsi&sig=dRDirOgpjMA2Fi2d3F-qq5By4oo&hl=en&sa=X&redir_esc=y#v=onepage&q&f=false
From Gutenberg to Zuckerberg: Disruptive Innovation in the Age of the Internet by John Naughtonhttp://www.amazon.com/gp/product/1623650623