Innovation: In the minds of Young India

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Innovation: In the minds of Young India

  1. 1. Innovation in the minds of Young India Organizational Behavior [School of Petroleum Management] Pandit Deendayal Petroleum University Gandhinagar Research project on Innovation in the minds of Young India Submitted To – Dr. Satish Pandey Submitted By – Abhik Tushar Das (Roll No -20104001) Ajay Cecil (Roll No -20104002) Anand Kumar Singh (Roll No -20104003) Date – 21-Mar-11 -1-
  2. 2. Innovation in the minds of Young IndiaIntroductionThe project would aim at identifying the factors influencing the students at PDPUabout Innovation, as a concept and its role in society. A questionnaire basedsurvey is conducted to identify the factors affecting the course objectives.Research ProblemThe innovation index of India is only 56 among 130 countries on the Innovationindex and has dropped down the list compared to the previous list. This can beattributed to the perception of people towards Innovation and also the design ofthe pedagogy in Universities. The project aims at surveying a group of youngstudents at the Pandit Deendayal Petroleum University (PDPU) and develops ameaningful conclusion towards identifying the problem.ObjectiveThe research objective is to seeks to explore answers to the following questions:  What according to you best defines Innovation?  Which of the below do you think are important attributes for becoming an Innovator?  Do you believe that the PDPU campus has fostered an environment for Innovation?  Where do you think India stands in terms of world ranking on Innovation?  Do you believe that Innovation comes only from your DNA and cannot be nurtured?  Do you feel that your academic course has encouraged Innovative thinking within yourself?  What according to you hinders India from becoming the top country in the world for Innovation?  Who do you feel has the most important role in creating Innovative thinking?  According to you what could become factors for furthering Innovation in India?  Do you think that you could benefit as students if a technology forum on Innovation was established on campus? -2-
  3. 3. Innovation in the minds of Young IndiaResearch ApproachThe approach for the research project would involve the following:1. Collection of relevant information and literature reviews to understand the concept of innovation.2. Analyzing the existing psychology of students about innovation.3. Conducting a questionnaire based sample survey for obtaining individual responses.4. Applying business statistics tools (mean, median, and mode) further present the data in numerical form (as per table below).Thus, the research project would involve four stages. a) Questionnaire formation b) Data collection c) Data analysis d) ConclusionsData Source The primary data (samples) would be obtained through questionnaire based survey. Other reports/ studies would be obtained from various published sources and on-line journals (based on their availability in the public domain).Data AnalysisBased on the existing studies, the following sets of factors identify theperceptiveness regarding the innovative thought processes in the minds ofstudents: a) Academic curriculum It measures innovation as a function of the course pedagogy in the university and its ability to foster the minds of young students to adopt an out-of-the-box thinking ability. b) Personality traits -3-
  4. 4. Innovation in the minds of Young India It measures the inherent qualities in an individual and its effects on innovative thinking. c) Global perspective This measures the effect of globalization on the ability of an individual to think innovatively, and its role in promotion of innovation as a unique concept.To assess the significance of these factors in determining the perceptiveness ofstudents regarding innovation, a questionnaire based survey was conducted. Thequestionnaire is given in Annexure. -4-
  5. 5. Innovation in the minds of Young IndiaDiscussion1. What according to you best defines Innovation? Q1 definition Answer a 28 b 2 c 14 d 4 e 0Inference: According to survey 58 % of the respondents define innovation as an “application ofa fresh idea”2. Which of the below do you think are important attributes for becoming an Innovator?Q2 rank1 rank2 rank3 rank4 rank5a 4 14 12 8 10b 16 10 10 12 0c 10 8 12 14 4d 0 4 4 6 34e 18 10 10 8 0Inference: According to survey 37.5 % of the respondents rates creative mind as the mostimportant attribute for becoming an innovator. -5-
  6. 6. Innovation in the minds of Young India 3. Do you believe that the PDPU campus has fostered an environment for Innovation? Q3 PDPU Answer a 2 b 14 c 10 d 12 e 10 Inference: According to survey 29% of the respondents believe that pdpu campus has fostered an environment for innovation. 4. Where do you think India stands in terms of world ranking on Innovation?Q4 India rank Answera 8b 4c 12d 16e 8 Inference: According to survey 1/3 of the respondents believe that India ranks between 35 to 50 in the world ranking of innovation. According to 2010 survey by World Bank and the Organisation for Economic Cooperation and Development , India holds 56 position. 5. Do you believe that Innovation comes only from your DNA and cannot be nurtured? Q5 DNA Answer a 2 b 6 c 0 d 22 e 18 Inference: According to survey 45.8 %respondents disagree that innovation comes by birth and can not be nurtured. -6-
  7. 7. Innovation in the minds of Young India 6. Do you feel that your academic course has encouraged Innovative thinking within yourself? Q6 course Answer a 2 b 18 c 8 d 14 e 6 Inference: According to survey37.5% of the respondents agreed that academic courses encourage innovative thinking in oneself. 7. What according to you hinders India from becoming the top country in the world for Innovation?Q7 rank 1 rank 2 rank 3 rank 4 rank 5a 2 16 6 16 6b 12 4 10 12 8c 14 8 8 2 14d 18 4 12 2 10e 0 14 10 12 10 Inference: According to survey 37.5 % of the respondents believe lack of coordination in government departments prevents India to becoming the top country n the world for innovation. -7-
  8. 8. Innovation in the minds of Young India 8. Who do you feel has the most important role in creating Innovative thinking?Q8 rank 1 rank 2 rank 3 rank 4 rank 5a 40 4 0 0 4b 2 24 10 8 4c 2 16 10 16 2d 0 0 12 10 26e 4 4 14 14 12 Inference: According to survey83.3% of the respondents believe that the individual has most important role in creating innovative thinking. 9. According to you what could become factors for furthering Innovation in India?Q9 rank 1 rank 2 rank 3 rank 4 rank 5a 14 18 6 0 12b 2 14 12 14 6c 30 4 4 8 2d 2 6 10 12 18e 0 6 18 14 10 Inference: According to survey 62.5 % of the respondents feels developing ones skill set is the most important factor for the innovation. 10. Do you think that you could benefit as students if a technology forum on Innovation was established on campus? Q10 Answer a 18 b 32 c 0 d 0 e 0 Inference: According to survey 66.6 % of the respondents agrees to the fact that one could benefit as students if a technology form on innovation was established in campus. -8-
  9. 9. Innovation in the minds of Young India141210 8 Male 6 Female 4 2 0 SPM SPT SOT SLS -9-
  10. 10. Innovation in the minds of Young IndiaS Innovation drivers WeightageNo.1 Academic curriculum 33.33%2 Personality traits 33.33%3 Global perspective 33.33%FindingsS Innovation Drivers ResultsNo. (% of respondents)1 Academic curriculum 31.462 Personality traits 42.683 Global perspective 25.86 - 10 -
  11. 11. Innovation in the minds of Young IndiaImplicationConclusionThe ability to innovate is a vital core competency that you should possess as amanager for successful businesses. The process of innovative thinking shouldhowever begin early in the life of the individual. At the university level the studentcan be empowered in his thoughts from his interaction with intellectual minds,faculty can play an important role in nurturing and stimulating innovation,academics will govern the right path for the individual and provide a forum forinteraction on innovative ideas. This will set the stage for an environment wherethe learning will shift to innovative thinking. Innovation is the application of anew idea, a process or a different way of doing things and innovative thinking isthe beginning of this process. Our study reflects that Personality traits are the mostimportant factor responsible for being an innovator. However, contrary to thispopular belief, it is well established by studies that academics also plays a majorrole in developing innovators. It is not just a single factor but a combination ofboth that leads to successful innovative thinking in the individual or student. Wehave lot to learn from other countries such as Iceland, Sweden and Hongkong atthe top of the innovation index. Finally, we can rightly claim that the pillars ofinnovation are built at the university level. - 11 -
  12. 12. Innovation in the minds of Young IndiaReflection1. Maital & Seshadri, S.M. & D.V.R (2007), Innovation Management, London: Sage, p 117-140.2. Barton Rabe, C.B.R (2006), The Innovation Killer, Broadway, New York: Amacom, P 9-203. Subbarao, E.C (2008), An Eye for Excellence, New Delhi: Harper Collins, p 22-354. http://www.insead.edu/facultyresearch/centres/elab/documents/GIIFinal0809.pdf5. http://www.livemint.com/2010/03/03213600/Iceland-tops-innovation-index.html6. http://www.tenfacesofinnovation.com/thebook/index.htm7. The Art of Innovation: Lessons in Creativity from Ideo, Americas Leading Design Firm by Tom Kelley8. http://www.amazon.com/Innovation-Entrepreneurship-Peter-F- Drucker/dp/0887306187/ref=cm_lmf_img_2#reader_08873061879. http://siteresources.worldbank.org/SOUTHASIAEXT/Resources/223546- 1181699473021/3876782-1191373775504/indiainnovationfull.pdf - 12 -
  13. 13. Innovation in the minds of Young India ANNEXURE1. What according to you best defines Innovation? (choose any one) a) Application of a fresh idea b) An invention c) Doing things differently d) New technology e) Don’t know2. Which of the below do you think are important attributes for becoming an Innovator? (Rank 1-5, 1 has highest rank) a) Motivation __ b) Visionary __ c) Independent – minded __ d) Defy the crowd __ e) Creative – minded __3. Do you believe that the PDPU campus has fostered an environment for Innovation? a) Strongly agree b) Agree c) Undecided d) Disagree e) Strongly disagree4. Where do you think India stands in terms of world ranking on Innovation? a) Top 15 b) 15 – 20 c) 20 – 35 d) 35 – 50 e) 50 – 605. Do you believe that Innovation comes only from your DNA and cannot be nurtured? a) Strongly agree b) Agree c) Undecided d) Disagree e) Strongly disagree - 13 -
  14. 14. Innovation in the minds of Young India6. Do you feel that your academic course has encouraged Innovative thinking within yourself? a) Strongly agree b) Agree c) Undecided d) Disagree e) Strongly disagree7. What according to you hinders India from becoming the top country in the world for Innovation? (Rank 1-5, 1 has highest rank) a) Bureaucracy __ b) Lack of coordination in govt. Departments __ c) Poor quality in post graduate studies __ d) Lack of vision __ e) Poor funding __8. Who do you feel has the most important role in creating Innovative thinking? (Rank 1-5, 1 has highest rank) a) Individual (you) __ b) Classmates __ c) Faculty __ d) PDPU __ e) Clubs __9. According to you what could become factors for furthering Innovation in India? (Rank 1-5, 1 has highest rank) a) R&D initiatives __ b) Foreign collaboration __ c) Developing one’s skill set __ d) Venture capitalists __ e) Technology Park & Incubators by govt. __10. Do you think that you could benefit as students if a technology forum on Innovation was established on campus? a) Strongly agree b) Agree c) Undecided d) Disagree e) Strongly disagree - 14 -

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