This Focused Performance Weblog is a "business management blog" containing links and commentary related primarily to organizational effectiveness with a "Theory of Constraints" perspective. TOC is noted for its applications in Project Management and Multi-Project Management (Critical Chain) and Operations Management (Drum-Buffer-Rope), as well as in Marketing, Strategic Planning and Change Management (TOC Thinking Processes). If you are on an archive page, current postings are found here.
Monday, May 03, 2004
Defining Innovation -- Joyce Wycoff, who's email newsletter on innovation I've read for a long time, but have dropped -- because she's offered an RSS feed -- writes about the definition of innovation, and an expansion of it...
"Our experience shows that the two steps that we leap over all too often are: 1. stopping long enough to gather new information about the situation and 2. testing ideas that show up. So, we thought the following definition might help people remember those critica steps:
Innovation Requires:
PEOPLE using new knowledge and understanding
to experiment with new possibilities
in order to implement new concepts
that create new value.
We believe this definition emphasizes the importance of gathering new knowledge and understanding before trying to find solutions and the concept of experimenting with possibilities in order to test them against reality."
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