Innovation and invention are not synonymous. Too many smart people spend their time trying to invent “new” concepts. Value is most frequently driven by improvement, new application and integration of existing products and services. Better, cheaper and faster sells.
Consider the following motto: “shamelessly steal success from others where you can, invent where you have to”. It works. The concepts of “best practices”, “fast follower strategy”, “competitive market and functional analysis” or “synergistic acquisition” are all based on this concept.
The bottom line is to enable your peers to be innovative. Convince them to share their ideas no matter how small they think they are. You might be surprised at the results.
You can find a great article on the difference here:
http://www.pbs.org/idealab/2012/03/the-difference-between-invention-and-innovation086.html
You can find a great article on the difference here:
http://www.pbs.org/idealab/2012/03/the-difference-between-invention-and-innovation086.html
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