Innovation & Knowledge Management Mr. mohamed jameer 1 st MBA , SAEC, Ramanathapuram.
Innovation is more than a good idea
It is the process that takes a good idea, improves it and implements it.
What is Innovation?
Innovation means renewal or alter
Prerequisite for innovation is the dissatisfaction with the current status and an inquisitive mind
Defining Innovation, Creativity & Intelligence
Innovation is using an existing idea for a laterally different purpose or application
Creativity is doing things that has not been done before
Intelligence is the ability to learn and think
"If you do not know where you are going, you will not know when you arrive." – conventional view
"If I knew what I was doing, it would not be research." – unorthodox view
What are innovation drivers? Inno vations Market Pull Technology Push Society demand Main focus: Innovations based on own technologies and on market knowledge Main focus: Innovation trends backed by governmental funds and regulations
Thinking provides knowledge, Knowledge makes you great. Dr. APJ Abdul Kalam Honorable President of India from annual address at Saurashtra University, Rajkot, Gujarat
The Role of Creativity
The creation, diffusion and use of knowledge have become the vital
ingredient in economic growth and
change. The innovation-driven economy builds upon these
processes. (OECD, 2002)
Knowledge is more than knowing
Who do you hire?
Worker who knows how to operate a machine but does pick up new skills?
One who knows how to learn independently but not familiar with the machine?
Your brand of machine will change !!! Skills are easier to acquire than attitude !!!
‘ Knowledge has become the key to success, it is simply to valuable a resource to be left to chance’ (Wenger)
Knowledge management (KM) is : ‘ A trans-disciplinary approach to improving organisational outcomes and learning, through maximising the use of knowledge’
Why manage knowledge
Enables effective and timely decision-making
Fosters creativity & innovation
Supports culture of learning, customer-focus, and moving from “good” to “best”
Are we open to new ideas?
Is your company open and receptive to new ideas?
What happens when someone comes up with an idea?
What sort of reaction do new ideas get form the rest of the organisation?
We tried all that before, It is too expensive,……
Getting Innovation started
Innovation is like juggling. The organisation needs to focus on purpose, commitment, ideas and support
Most companies are not short of ideas. What they lack is the commitment of others, the weight required to overcome the obstacles
Innovation needs people who think in different ways
People who are good at problem solving and analysis
People who are capable of following hunches and convert them into ideas
People who are capable of implementing them
Innovation will fail if it is left to a creative few
Improve company memory
Too many good ideas are lost before they see the light of the day
We should keep a record of the ideas. They may be full of stuff with little value but some gems may be hidden!!!
Give people time
Risk taking ability to be fostered
People should enjoy the innovation process
Be good at remembering faces and names
Make yourself available to others
Ask for help from coworkers and not managers
Become aware of the informal communication channels
Celebration and Rewards
Publicity and celebration of success are key to promote the innovation process
Recognition is the key to motivate the people.
Apart from tangible rewards, recognition is also a very nice way of recognition