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SYLLABUS
 Creativity and Innovation: Creativity,
Exercises on Creativity, Source of New Idea,
Ideas into Opportunities.
 Creative problem solving: Heuristics,
Brainstorming, Synectics, ValueAnalysis
 Innovation and Entrepreneurship: Profits
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and Innovation, Globalization, Modules of
Innovation, Sources and Transfer of
Innovation, Why Innovate, What Innovation,
How to Innovate, Who Innovates
⦿ Creativity
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CREATIVITY
is any act, idea, idea or product
that changes an existing domain or that
transforms an existing domain into new one.
⦿ Creativity can be described as the discovery
of something that is novel but also useful or
relevant or economical , valuable.
TYPES OF CREATIVITY
 Primary creativity : deals with spontaneous
creations.
 Secondary creativity : is more deliberate
and skilled as in the application of ideas and
insight to inventions.
 Technical creativity : aims at finding out
improvement in a process so as to improve
efficiency.
 Inventive creativity : aims at making or
devising new combination of ingredients
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 Innovative
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creativity
reaching application
: it involves for
of more basic ideas
such as management application of
principles of psychology to develop a much
more effective system for motivating staff.
 Emergentive creativity : it consist of new
revolutionary principles for an art or science
such as psycho- analytical concepts of
Freud.
CREATIVE PROCESS
Preparation
Incubation
Insight
Evaluation
Elaboration
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CREATIVE PROCESS
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 Preparation : successful creations are
preceded by investigation and information
gathering. It can be achieved by gathering
information from journals, attending meeting
seminars etc.
 Incubation : creative person allows their sub
consciousness mind to dwell over tremendous
amount of ideas and information accumulated
during the preparation phase.
 Insight : this is the moment when the person is
able to locate solution to their problems.
Generally in most of the cases ideas comes to
person in incremental way. The person
improves on solution slowly and steadily.
 Evaluation : this phase is regarded as the
most emotional trying part, when one feels
uncertain and insecure and thinks about
reaction of other people.
 Elaboration : this is the most difficult step of
creativity endeavour and requires great self
discipline, dedication and perseverance.
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BARRIERS TO CREATIVITY
 Resistance to change : people just get used to
doing a particular work in customized manner and
they are just opposed to any new idea or change.
 Lack of initiative : organizational managers from
top to bottom are just opposed to giving initiative to
their subordinates fearing that it will undermine their
authority.
 Restriction on interaction : a free and open
environment provides members an opportunity to
interact with members of their own and other
groups. Such interaction facilitates exchange of
ideas and information required for creative work
where as in restricted environment creativity is
adversely effected.
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 Fear of something going wrong : many new
ideas may go wrong or prove impractical.
Whenever creative work is to be undertaken the
possibility of success or failure is always there.
 Lack of recognition : failure to recognize or
reward creativity acts as de motivating factor.
Hard work put in by creative people must be
compensated with adequate financial and non
financial rewards.
 Resource constraints : creativity demands
sufficient availability of resources. Absence of
adequate resources may dampen the spirit of
creativity.
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SOURCES OF NEW IDEAS
 Basic research : all firms are engaged in some
kind of basic research and development , which can
lead to development of new product ideas that have
already passed the initial screening stage.
 Production stage : workers actively engaged in the
production of products can suggest certain
modifications and improvements. These workers
can provide ideas aimed at improving quality , cost
and performance of potential product.
 Sales force : sales representative are directly in
touch with the customers and are thus better
equipped to take note of customer needs by this
they can provide better product development idea.
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 Management : management team based on
their knowledge, skill and experience can
come out with new ideas for product
development.
 Magazines and trade journal : useful ideas
about new products can be obtained from
these magazines and trade journals.
 Competitors : in order to survive in present
day competitive environment, it is in the
interest of the entrepreneur to keep a eye on
activities of his rivals.
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 Buyers : an entrepreneur while keeping
track of the requirements of the consumers
can definitely get useful ideas aimed at
developing a better product.
 Sellers : can provide idea for new product
development as they act as link between
producers and consumers and are better
equipped to provide required information.
 Overseas market : a producer interested in
taking care of foreign market can do it in
better manner by getting right ideas aimed at
improving product acceptability in these
markets.
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IDEAS INTO OPPORTUNITIES
New
product
idea
Idea
screening
Concept
developm
ent
Potential
analysis
Product
developm
ent
Test
marketing
Commerc
ialization
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IDEAS INTO OPPORTUNITIES
 New product idea : an attempt is made to
visualize the product. An in depth study may be
undertaken to anticipate features of the proposed
product. Ideas may be contributed by scientists,
professional designers, rivals, customers, sales
force etc.
 Idea screening : under this step detailed
investigation of various ideas is carried on. Those
ideas which offer less scope are dropped. Most
promising ideas are chosen for product
development.
 Concept development and testing : all ideas
chosen after preliminary screening are subjected to
in depth study. These ideas are developed into
mature product concepts.
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 Business potential analysis : after choosing best
product idea, detailed investigation is carried out to
find its market potential, gestation period, capital
investment, and expected rate of return.
 Product development : after clearing business
potential analysis tests concrete steps are taken for
giving practical shapes to the proposed product.
 Test marketing : test marketing involves placing
fully developed new product for sale and observing
its actual performance under propose marketing
plan.
 Commercialization : is the actual introduction of
the product into market place with all the related
decisions and resources commitment.
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CREATIVE PROBLEM SOLVING
TECHNIQUES
Creative problem solving
Brain
storming
heuristic Synectics
Value
analysis
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 Heuristic : is an adjective for experience
based techniques that help in problem
solving , learning and discovery. This method
is used to rapidly come to an solution that is
hoped to be close to best possible answer.
Heuristics stands for strategies using, readily
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accessible, though
information to control
loosely applicable,
problem solving in
human beings and machines. Although the
solution quality may not be the best, often
they work well in generalized situation.
BASIC HEURISTICS DIRECTED TOWARDS
CREATIVITY
 Make it habit to purposely pause and notice
things.
 Focus on your creative energies on just few
topic areas that you genuinely create about and
work on these purposeful.
 Avoid being too narrow in the way you define
your problem or topic.
 Try to come up with original and useful ideas by
making novel associations among what you
already know.
 When you need creative ideas , remember
attention escape and movement.
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 Pause and carefully examine ideas that
make you laugh the first time you hear them.
 Recognize that your streams of thought and
patterns of judgement are inherently right or
wrong, they are just what you think now
based on primarily on patterns from your
past.
 Make a deliberate effort to harvest, develop
and implement at least a few of the ideas
you generate.
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 Brain storming : in this group members or
individuals are encouraged to spell out
maximum number of possible solutions of a
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specific or stated problem. Under
storming more emphasis is laid on
brain
the
number of possible solutions or ideas.
CHARACTERISTICS OF BRAIN STORMING
 This technique is not suitable where the problem
has a unique solution which can be found
through analysis or evaluation.
 brain storming can take place only when there is
specific topic.
 Brain storming results in generation of numerous
ideas out of which a few ideas are chosen for in
depth investigation.
 Brain storming provides ample opportunities to
participants to put forth various suggestions for
solving specific problems.
 Brain storming enables participation to freely
share different ideas.
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PRINCIPLES OF BRAIN STORMING
 During the generation phase of ideas,
evaluation process is deferred.
 The second principle is based on ‘quantity
begets quality’ right environment must be
provided for generating maximum number of
ideas.
 Brain storming brings forth novel and
different ideas. Novels ideas in certain cases
may not appear to be practical ideas.
 It is better to appreciate ideas of others as
well as ones own previous ideas.
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 Synectics : has been adopted by the Greek
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word synecticos incorporating diverse
finding
is applied in
to a number of in
elements.
innovative
traceable
synectics
practices
technical problems. Major
analogies under this technique are :
 Direct analogy : it involves discussing
analogy of the problem situation from very
different field. It involves direct comparison
under discussion with some other similar
phenomenon.
 Personal analogy : under this problem solver is
expected to project himself into situation and report
back his experience of the particular situation like
what he feels, sees, hears, thinks etc.
 Fantasy analogy : under this concerned person is
asked to release his imagination from real life
constraints. Group members are used to fantasize
some perfect solutions even if it is contrary to known
scientific principles.
 Symbolic analogy : it requires group members to
poetic or paradoxical phrases for situation. The
leader is expected to take key word or even
undertake some decisions and ask the group
members to come up with short proactive phrases
that capture word under discussion.
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 Value analysis is important approach to
improving the value of product or process by
understanding its constitutes components
and their associated costs. Value analysis is
a cost reduction and problem solving
technique that analyzes an existing product
or service in order to reduce or eliminate any
costs that do not contribute to value of
performance.
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COMPONENTS OF VALUE CHAIN ANALYSIS
 Value : the ratio between function for customer
satisfaction and the cost of that function.
 Function : the effect produced by a product or
by one of its elements , in order to satisfy
customer needs.
 Value analysis : methodology to increase the
value of an object to object to be analyzed could
be an existing or new product or process and it
is usually accomplished by a team following
work plan.
 Need : something that is necessary or desired
by the customer.
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VALUE ANALYSIS PROCESS
 Orientation / preparation : refers to collecting the basic
information required for the process and various stages
at which value addition is possible in process.
 Information : collection of data in detail in relation to
every step in value addition process.
 Analysis : of various options of value addition
 Innovation and creativity : refers to implementing new
or improved way of performing every step in the process.
 Evaluation : understanding effectiveness of change
implemented in process.
 Implementation and monitoring : refers to after
screening of improvised method it is to be implemented
and monitored for its working as per expectation.
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PROFITS AND INNOVATION
 Entrepreneur is one who always searches for
changes and responds to it and exploits it as
an opportunity. Innovation is treated as an
instrument of entrepreneurship. An
entrepreneur innovates and creates
resources until someone finds a use for it and
endows economic value to it.
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ROLE OF ENTREPRENEURS
 An entrepreneur must be an innovator as well as
leader.
 He must be capable of analyzing and exploiting the
opportunities.
 An entrepreneur should innovate for the present
period and not for the future.
 Innovation must be easy to understand otherwise it
may not give the desired result.
 An entrepreneur must posses the knowledge,
ingenuity, diligence, persistence, and commitment to
innovation.
 An entrepreneur must mobilize resources and
allocate them to make a commercial gains from the
opportunities indentified.
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MODULES OF INNOVATION
 Innovation : it is the production of totally new
product service or process so far untried.
 Extension : it involves new use or application of
an already existing product, service or process.
 Duplication : it is the replication of an already
existing product, service or process. It is not
merely copying but adding something new with
creative touch to enhance or improve the
existing concept.
 Synthesis : it is the combination of existing
concepts and ideas and devising a way so that
together they may form a new application.
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SOURCES AND TRANSFER OF INNOVATION
 Unexpected occurrences : sometimes
unexpected success or failure prove to be a major
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surprise for the
are normally
enterprise.
anticipated
These
and
innovative
happenings
unplanned.
 Incongruities : these occurs whenever a gap or
difference exists between the expectations and
reality. The gap motivates the entrepreneur to
innovate with all the more vigour.
 Process needs : these needs are created
whenever situation and surrounding circumstances
generate demand for the innovation. Entrepreneurs
are prompted to innovate to satisfy the requirement
of process needs.
 Industry and market changes :changes in
consumer tastes, fashions, advancement in
technology result in change in structure and design
of product. These changes generate tremendous
opportunities for innovation and improvements.
 Demographic changes : like changes in
population, education, occupation, urbanisation etc,
create entrepreneurial opportunities.
 Perceptual change : it is reflected in the change in
peoples attitude, feelings, interpretation. Change in
perception does not change, the object or fact, but
changes the meaning or attitude towards the
particular concept.
 Knowledge based concept : these are basis for
the development and creation of new products and
market. These are time consuming as these need
testing and modifications.
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HOW TO INNOVATE
 Organise for paid experimentation : examine,
revamp entrenched routines, organizational
boundaries and incentives to encourage rapid
experimentation.
 Fail early and often but avoid mistakes : embrace
failures that occur early in the development process
and advance knowledge significantly.
 Anticipate exploit early information :recognize
the full value of front loading, identifying problems
up stream, where they are easier and cheaper to
solve.
 Combine new and traditional technologies : do
not assume that new technology will necessarily
replace and established one. New and traditional
technologies are best used in concept.
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WHO INNOVATES
 Educated individuals
 Higher in social standing
 Less dogmatic
 Better equipped to deal with abstraction
 More receptive to risk in general
 Higher in achievement motivation
 Higher in social participation
 More cosmopolitan
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in interpersonal
 More often engaged
communication
 Active information seeker
GLOBALIZATION
 Globalization is the system of interaction
among the countries of the world in order to
develop the global economy. Globalization
refers to the integration of economics and
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societies all over the world. Globalization
involves technological, economic,
and cultural exchanges made
political,
possible
largely by advances in communication,
transportation, and infrastructure.
ADVANTAGES OF GLOBALIZATION
 Power of the WTO, IMF, and WB. According to
experts, another effect of globalization is the
strengthening power and influence of international
institutions such as the World Trade Organization
(WTO), International Monetary Fund (IMF), and
World Bank (WB).
 Greater Mobility of Human Resources across
Countries. Globalization allows countries to source
their manpower in countries with cheap labour.
 Greater Outsourcing of Business Processes to
Other Countries. China, India, and the Philippines
are tremendously benefiting from this trend of global
business outsourcing. Global companies in the US
and Europe take advantage of the cheaper labour
and highly-skilled workers that countries like India
and the Philippines can offer.
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⦿ 7. Civil Society. An important trend in
globalization is the increasing influence and
broadening scope of the global civil society.
Civil society often refers to NGOs
(nongovernment organizations). There are
institutions in a country that are established
and run by citizens. The family, being an
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institution, is
globalization,
part
global
of the society. In
civil society refers to
organizations that advocate certain issue or
cause
 Improvement of International
Trade. Because of globalization, the number
of countries where products can be sold or
purchased has increased dramatically.
 Technological Progress. Because of the
need to compete and be competitive globally,
governments have upgraded their level of
technology.
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DISADVANTAGES OF GLOBALIZATION
 Developed countries can stifle development of
undeveloped and under-developed countries.
 Economic depression in one country can trigger
adverse reaction across the globe.
 Companies face much greater competition. This can
put smaller companies, at a disadvantage as they
do not have resources to compete at global scale
 Another major damage of globalization is that some
cultures are getting lost. The cultures of the
countries that have more economic power are more
dominant than others. Because, wealthy countries
produce many things that can affect cultures, for
example, clothes, movies and technologic products
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Typical examples of failures and Innovation
E.GS
MAKING A LADDER AND GOING UP THE STEPS BUT
REACHING THE WRONG DESTINATION OR THE TOP.
SAIL 1500 CRs STEEL RUSTED.CAG Report
19 AMMO DEPOTS BURNT AS GRASS HAD GROWN.SOPs
not followed
AMARNATH YATRA-REGISTRATION PROCESS AND
ENTRY PROCESS.Case of automation
BEML 24 hr Guarantee for spares.Survival
Designing of heavy Duty Dumpers for mining
Industry.Need of the customer
Nokia refused Android.Change
Yahoo refused Google.Change
Myntra acquired Jabong,Flipkart acquired
Myntra,.Walmart acquired Flipkart.Become big in size
Colonel Sanders Started KFC AT age of 65.No age for
starting a new project
Jack Maa Who could not get a Job at KFC Started
ALIBABA.New project
ENZO Ferrari Insulted A farmer that farmer started
Lamborghini.New Project
Packaging Change for Caterpillar plant supplies.Need
of the customer
Increased productivity increase for punching
machine.Incremental change
Handling Cartons from first floor.Innovation
Building a prototype for underwater soil sampling for
DRDO.Innovation due to customer need
Pepsi and Coca Cola
Dip Tea Bags were designed to use the Fine dust of
Tea Leaves which was going waste.
Big Bazaar Foot Falls.Unique layout.
L&T used to go in for New Projects when the demand
cycle was diminishing
Waste Elimination egs
1. Recycling of water
2. Compost Pit
3. Changing to energy Efficient lamps
4. Timer switches in areas where movement is not
frequent
Double Stacked Container Train
Biggest Mobile Crane
Biggest Dumpers
Heavy Earth moving eqpts.
Wooden Crate Pkg and Metal
Cage Pkg
Wooden crate + CFB + Protection for every
layer + Nailing + Marking + Metal strip locking
+ Anti Infestation spray with certificate +
Fumigation of container with certificate
Metal Cage + CFB + Protection for every layer.
Productivity increase for
Punching operation
The vending machine origins
Coca Cola Market share fell with entry
of Pepsi
Focus shifted from Drink for Luxury to
alternate for water.
First vending machine was installed by
Coca Cola on road side and it was a
hit.
Soil sample collection
undersea machine
Loading of Container from a
high level warehouse
The Telescopic conveyor is very
expensive and cumbersome to move
around.
Feasible for Large volume loads
Innovative method used was letting a
used saree cloth from First floor to the
end of the Container and then let the
cartons fall with gravity.
Unique Trains in India
Road and Rail Bridge in
Guwahati
Double Stacked Container Train
Ooty to Metupalayam toy train
ODC by railway Multi-Axle
Wagon Tipplers in Bulk Handling
THANK YOU
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creativityandinnovation-120703222440-phpapp02.pptx

  • 2. SYLLABUS  Creativity and Innovation: Creativity, Exercises on Creativity, Source of New Idea, Ideas into Opportunities.  Creative problem solving: Heuristics, Brainstorming, Synectics, ValueAnalysis  Innovation and Entrepreneurship: Profits https://www.facebook.com/ialwaysthinkprettythings and Innovation, Globalization, Modules of Innovation, Sources and Transfer of Innovation, Why Innovate, What Innovation, How to Innovate, Who Innovates
  • 3. ⦿ Creativity https://www.facebook.com/ialwaysthinkprettythings CREATIVITY is any act, idea, idea or product that changes an existing domain or that transforms an existing domain into new one. ⦿ Creativity can be described as the discovery of something that is novel but also useful or relevant or economical , valuable.
  • 4. TYPES OF CREATIVITY  Primary creativity : deals with spontaneous creations.  Secondary creativity : is more deliberate and skilled as in the application of ideas and insight to inventions.  Technical creativity : aims at finding out improvement in a process so as to improve efficiency.  Inventive creativity : aims at making or devising new combination of ingredients https://www.facebook.com/ialwaysthinkprettythings
  • 5.  Innovative https://www.facebook.com/ialwaysthinkprettythings creativity reaching application : it involves for of more basic ideas such as management application of principles of psychology to develop a much more effective system for motivating staff.  Emergentive creativity : it consist of new revolutionary principles for an art or science such as psycho- analytical concepts of Freud.
  • 7. CREATIVE PROCESS https://www.facebook.com/ialwaysthinkprettythings  Preparation : successful creations are preceded by investigation and information gathering. It can be achieved by gathering information from journals, attending meeting seminars etc.  Incubation : creative person allows their sub consciousness mind to dwell over tremendous amount of ideas and information accumulated during the preparation phase.  Insight : this is the moment when the person is able to locate solution to their problems. Generally in most of the cases ideas comes to person in incremental way. The person improves on solution slowly and steadily.
  • 8.  Evaluation : this phase is regarded as the most emotional trying part, when one feels uncertain and insecure and thinks about reaction of other people.  Elaboration : this is the most difficult step of creativity endeavour and requires great self discipline, dedication and perseverance. https://www.facebook.com/ialwaysthinkprettythings
  • 9. BARRIERS TO CREATIVITY  Resistance to change : people just get used to doing a particular work in customized manner and they are just opposed to any new idea or change.  Lack of initiative : organizational managers from top to bottom are just opposed to giving initiative to their subordinates fearing that it will undermine their authority.  Restriction on interaction : a free and open environment provides members an opportunity to interact with members of their own and other groups. Such interaction facilitates exchange of ideas and information required for creative work where as in restricted environment creativity is adversely effected. https://www.facebook.com/ialwaysthinkprettythings
  • 10.  Fear of something going wrong : many new ideas may go wrong or prove impractical. Whenever creative work is to be undertaken the possibility of success or failure is always there.  Lack of recognition : failure to recognize or reward creativity acts as de motivating factor. Hard work put in by creative people must be compensated with adequate financial and non financial rewards.  Resource constraints : creativity demands sufficient availability of resources. Absence of adequate resources may dampen the spirit of creativity. https://www.facebook.com/ialwaysthinkprettythings
  • 11. SOURCES OF NEW IDEAS  Basic research : all firms are engaged in some kind of basic research and development , which can lead to development of new product ideas that have already passed the initial screening stage.  Production stage : workers actively engaged in the production of products can suggest certain modifications and improvements. These workers can provide ideas aimed at improving quality , cost and performance of potential product.  Sales force : sales representative are directly in touch with the customers and are thus better equipped to take note of customer needs by this they can provide better product development idea. https://www.facebook.com/ialwaysthinkprettythings
  • 12.  Management : management team based on their knowledge, skill and experience can come out with new ideas for product development.  Magazines and trade journal : useful ideas about new products can be obtained from these magazines and trade journals.  Competitors : in order to survive in present day competitive environment, it is in the interest of the entrepreneur to keep a eye on activities of his rivals. https://www.facebook.com/ialwaysthinkprettythings
  • 13.  Buyers : an entrepreneur while keeping track of the requirements of the consumers can definitely get useful ideas aimed at developing a better product.  Sellers : can provide idea for new product development as they act as link between producers and consumers and are better equipped to provide required information.  Overseas market : a producer interested in taking care of foreign market can do it in better manner by getting right ideas aimed at improving product acceptability in these markets. https://www.facebook.com/ialwaysthinkprettythings
  • 15. IDEAS INTO OPPORTUNITIES  New product idea : an attempt is made to visualize the product. An in depth study may be undertaken to anticipate features of the proposed product. Ideas may be contributed by scientists, professional designers, rivals, customers, sales force etc.  Idea screening : under this step detailed investigation of various ideas is carried on. Those ideas which offer less scope are dropped. Most promising ideas are chosen for product development.  Concept development and testing : all ideas chosen after preliminary screening are subjected to in depth study. These ideas are developed into mature product concepts. https://www.facebook.com/ialwaysthinkprettythings
  • 16.  Business potential analysis : after choosing best product idea, detailed investigation is carried out to find its market potential, gestation period, capital investment, and expected rate of return.  Product development : after clearing business potential analysis tests concrete steps are taken for giving practical shapes to the proposed product.  Test marketing : test marketing involves placing fully developed new product for sale and observing its actual performance under propose marketing plan.  Commercialization : is the actual introduction of the product into market place with all the related decisions and resources commitment. https://www.facebook.com/ialwaysthinkprettythings
  • 17. CREATIVE PROBLEM SOLVING TECHNIQUES Creative problem solving Brain storming heuristic Synectics Value analysis https://www.facebook.com/ialwaysthinkprettythings
  • 18.  Heuristic : is an adjective for experience based techniques that help in problem solving , learning and discovery. This method is used to rapidly come to an solution that is hoped to be close to best possible answer. Heuristics stands for strategies using, readily https://www.facebook.com/ialwaysthinkprettythings accessible, though information to control loosely applicable, problem solving in human beings and machines. Although the solution quality may not be the best, often they work well in generalized situation.
  • 19. BASIC HEURISTICS DIRECTED TOWARDS CREATIVITY  Make it habit to purposely pause and notice things.  Focus on your creative energies on just few topic areas that you genuinely create about and work on these purposeful.  Avoid being too narrow in the way you define your problem or topic.  Try to come up with original and useful ideas by making novel associations among what you already know.  When you need creative ideas , remember attention escape and movement. https://www.facebook.com/ialwaysthinkprettythings
  • 20.  Pause and carefully examine ideas that make you laugh the first time you hear them.  Recognize that your streams of thought and patterns of judgement are inherently right or wrong, they are just what you think now based on primarily on patterns from your past.  Make a deliberate effort to harvest, develop and implement at least a few of the ideas you generate. https://www.facebook.com/ialwaysthinkprettythings
  • 21.  Brain storming : in this group members or individuals are encouraged to spell out maximum number of possible solutions of a https://www.facebook.com/ialwaysthinkprettythings specific or stated problem. Under storming more emphasis is laid on brain the number of possible solutions or ideas.
  • 22. CHARACTERISTICS OF BRAIN STORMING  This technique is not suitable where the problem has a unique solution which can be found through analysis or evaluation.  brain storming can take place only when there is specific topic.  Brain storming results in generation of numerous ideas out of which a few ideas are chosen for in depth investigation.  Brain storming provides ample opportunities to participants to put forth various suggestions for solving specific problems.  Brain storming enables participation to freely share different ideas. https://www.facebook.com/ialwaysthinkprettythings
  • 23. PRINCIPLES OF BRAIN STORMING  During the generation phase of ideas, evaluation process is deferred.  The second principle is based on ‘quantity begets quality’ right environment must be provided for generating maximum number of ideas.  Brain storming brings forth novel and different ideas. Novels ideas in certain cases may not appear to be practical ideas.  It is better to appreciate ideas of others as well as ones own previous ideas. https://www.facebook.com/ialwaysthinkprettythings
  • 24.  Synectics : has been adopted by the Greek https://www.facebook.com/ialwaysthinkprettythings word synecticos incorporating diverse finding is applied in to a number of in elements. innovative traceable synectics practices technical problems. Major analogies under this technique are :  Direct analogy : it involves discussing analogy of the problem situation from very different field. It involves direct comparison under discussion with some other similar phenomenon.
  • 25.  Personal analogy : under this problem solver is expected to project himself into situation and report back his experience of the particular situation like what he feels, sees, hears, thinks etc.  Fantasy analogy : under this concerned person is asked to release his imagination from real life constraints. Group members are used to fantasize some perfect solutions even if it is contrary to known scientific principles.  Symbolic analogy : it requires group members to poetic or paradoxical phrases for situation. The leader is expected to take key word or even undertake some decisions and ask the group members to come up with short proactive phrases that capture word under discussion. https://www.facebook.com/ialwaysthinkprettythings
  • 26.  Value analysis is important approach to improving the value of product or process by understanding its constitutes components and their associated costs. Value analysis is a cost reduction and problem solving technique that analyzes an existing product or service in order to reduce or eliminate any costs that do not contribute to value of performance. https://www.facebook.com/ialwaysthinkprettythings
  • 27. COMPONENTS OF VALUE CHAIN ANALYSIS  Value : the ratio between function for customer satisfaction and the cost of that function.  Function : the effect produced by a product or by one of its elements , in order to satisfy customer needs.  Value analysis : methodology to increase the value of an object to object to be analyzed could be an existing or new product or process and it is usually accomplished by a team following work plan.  Need : something that is necessary or desired by the customer. https://www.facebook.com/ialwaysthinkprettythings
  • 28. VALUE ANALYSIS PROCESS  Orientation / preparation : refers to collecting the basic information required for the process and various stages at which value addition is possible in process.  Information : collection of data in detail in relation to every step in value addition process.  Analysis : of various options of value addition  Innovation and creativity : refers to implementing new or improved way of performing every step in the process.  Evaluation : understanding effectiveness of change implemented in process.  Implementation and monitoring : refers to after screening of improvised method it is to be implemented and monitored for its working as per expectation. https://www.facebook.com/ialwaysthinkprettythings
  • 29. PROFITS AND INNOVATION  Entrepreneur is one who always searches for changes and responds to it and exploits it as an opportunity. Innovation is treated as an instrument of entrepreneurship. An entrepreneur innovates and creates resources until someone finds a use for it and endows economic value to it. https://www.facebook.com/ialwaysthinkprettythings
  • 30. ROLE OF ENTREPRENEURS  An entrepreneur must be an innovator as well as leader.  He must be capable of analyzing and exploiting the opportunities.  An entrepreneur should innovate for the present period and not for the future.  Innovation must be easy to understand otherwise it may not give the desired result.  An entrepreneur must posses the knowledge, ingenuity, diligence, persistence, and commitment to innovation.  An entrepreneur must mobilize resources and allocate them to make a commercial gains from the opportunities indentified. https://www.facebook.com/ialwaysthinkprettythings
  • 31. MODULES OF INNOVATION  Innovation : it is the production of totally new product service or process so far untried.  Extension : it involves new use or application of an already existing product, service or process.  Duplication : it is the replication of an already existing product, service or process. It is not merely copying but adding something new with creative touch to enhance or improve the existing concept.  Synthesis : it is the combination of existing concepts and ideas and devising a way so that together they may form a new application. https://www.facebook.com/ialwaysthinkprettythings
  • 32. SOURCES AND TRANSFER OF INNOVATION  Unexpected occurrences : sometimes unexpected success or failure prove to be a major https://www.facebook.com/ialwaysthinkprettythings surprise for the are normally enterprise. anticipated These and innovative happenings unplanned.  Incongruities : these occurs whenever a gap or difference exists between the expectations and reality. The gap motivates the entrepreneur to innovate with all the more vigour.  Process needs : these needs are created whenever situation and surrounding circumstances generate demand for the innovation. Entrepreneurs are prompted to innovate to satisfy the requirement of process needs.
  • 33.  Industry and market changes :changes in consumer tastes, fashions, advancement in technology result in change in structure and design of product. These changes generate tremendous opportunities for innovation and improvements.  Demographic changes : like changes in population, education, occupation, urbanisation etc, create entrepreneurial opportunities.  Perceptual change : it is reflected in the change in peoples attitude, feelings, interpretation. Change in perception does not change, the object or fact, but changes the meaning or attitude towards the particular concept.  Knowledge based concept : these are basis for the development and creation of new products and market. These are time consuming as these need testing and modifications. https://www.facebook.com/ialwaysthinkprettythings
  • 34. HOW TO INNOVATE  Organise for paid experimentation : examine, revamp entrenched routines, organizational boundaries and incentives to encourage rapid experimentation.  Fail early and often but avoid mistakes : embrace failures that occur early in the development process and advance knowledge significantly.  Anticipate exploit early information :recognize the full value of front loading, identifying problems up stream, where they are easier and cheaper to solve.  Combine new and traditional technologies : do not assume that new technology will necessarily replace and established one. New and traditional technologies are best used in concept. https://www.facebook.com/ialwaysthinkprettythings
  • 35. WHO INNOVATES  Educated individuals  Higher in social standing  Less dogmatic  Better equipped to deal with abstraction  More receptive to risk in general  Higher in achievement motivation  Higher in social participation  More cosmopolitan https://www.facebook.com/ialwaysthinkprettythings in interpersonal  More often engaged communication  Active information seeker
  • 36. GLOBALIZATION  Globalization is the system of interaction among the countries of the world in order to develop the global economy. Globalization refers to the integration of economics and https://www.facebook.com/ialwaysthinkprettythings societies all over the world. Globalization involves technological, economic, and cultural exchanges made political, possible largely by advances in communication, transportation, and infrastructure.
  • 37. ADVANTAGES OF GLOBALIZATION  Power of the WTO, IMF, and WB. According to experts, another effect of globalization is the strengthening power and influence of international institutions such as the World Trade Organization (WTO), International Monetary Fund (IMF), and World Bank (WB).  Greater Mobility of Human Resources across Countries. Globalization allows countries to source their manpower in countries with cheap labour.  Greater Outsourcing of Business Processes to Other Countries. China, India, and the Philippines are tremendously benefiting from this trend of global business outsourcing. Global companies in the US and Europe take advantage of the cheaper labour and highly-skilled workers that countries like India and the Philippines can offer. https://www.facebook.com/ialwaysthinkprettythings
  • 38. ⦿ 7. Civil Society. An important trend in globalization is the increasing influence and broadening scope of the global civil society. Civil society often refers to NGOs (nongovernment organizations). There are institutions in a country that are established and run by citizens. The family, being an https://www.facebook.com/ialwaysthinkprettythings institution, is globalization, part global of the society. In civil society refers to organizations that advocate certain issue or cause
  • 39.  Improvement of International Trade. Because of globalization, the number of countries where products can be sold or purchased has increased dramatically.  Technological Progress. Because of the need to compete and be competitive globally, governments have upgraded their level of technology. https://www.facebook.com/ialwaysthinkprettythings
  • 40. DISADVANTAGES OF GLOBALIZATION  Developed countries can stifle development of undeveloped and under-developed countries.  Economic depression in one country can trigger adverse reaction across the globe.  Companies face much greater competition. This can put smaller companies, at a disadvantage as they do not have resources to compete at global scale  Another major damage of globalization is that some cultures are getting lost. The cultures of the countries that have more economic power are more dominant than others. Because, wealthy countries produce many things that can affect cultures, for example, clothes, movies and technologic products https://www.facebook.com/ialwaysthinkprettythings
  • 41. Typical examples of failures and Innovation E.GS MAKING A LADDER AND GOING UP THE STEPS BUT REACHING THE WRONG DESTINATION OR THE TOP. SAIL 1500 CRs STEEL RUSTED.CAG Report 19 AMMO DEPOTS BURNT AS GRASS HAD GROWN.SOPs not followed AMARNATH YATRA-REGISTRATION PROCESS AND ENTRY PROCESS.Case of automation BEML 24 hr Guarantee for spares.Survival Designing of heavy Duty Dumpers for mining Industry.Need of the customer Nokia refused Android.Change Yahoo refused Google.Change Myntra acquired Jabong,Flipkart acquired Myntra,.Walmart acquired Flipkart.Become big in size Colonel Sanders Started KFC AT age of 65.No age for starting a new project Jack Maa Who could not get a Job at KFC Started ALIBABA.New project ENZO Ferrari Insulted A farmer that farmer started Lamborghini.New Project Packaging Change for Caterpillar plant supplies.Need of the customer Increased productivity increase for punching machine.Incremental change Handling Cartons from first floor.Innovation Building a prototype for underwater soil sampling for DRDO.Innovation due to customer need Pepsi and Coca Cola Dip Tea Bags were designed to use the Fine dust of Tea Leaves which was going waste. Big Bazaar Foot Falls.Unique layout. L&T used to go in for New Projects when the demand cycle was diminishing Waste Elimination egs 1. Recycling of water 2. Compost Pit 3. Changing to energy Efficient lamps 4. Timer switches in areas where movement is not frequent
  • 46. Wooden Crate Pkg and Metal Cage Pkg Wooden crate + CFB + Protection for every layer + Nailing + Marking + Metal strip locking + Anti Infestation spray with certificate + Fumigation of container with certificate Metal Cage + CFB + Protection for every layer.
  • 48. The vending machine origins Coca Cola Market share fell with entry of Pepsi Focus shifted from Drink for Luxury to alternate for water. First vending machine was installed by Coca Cola on road side and it was a hit.
  • 50. Loading of Container from a high level warehouse The Telescopic conveyor is very expensive and cumbersome to move around. Feasible for Large volume loads Innovative method used was letting a used saree cloth from First floor to the end of the Container and then let the cartons fall with gravity.
  • 52. Road and Rail Bridge in Guwahati
  • 54. Ooty to Metupalayam toy train
  • 55.
  • 56. ODC by railway Multi-Axle
  • 57. Wagon Tipplers in Bulk Handling