Creativity Information


Creativity and Innovation Management : Why Products Fail!


There is no sure fire route to commercial success but the probability of success can be increased. This is important for at least two reasons:

a) Resource Management. The Economist (2003) states that 3000 bright ideas result in 100 worthwhile projects, which are winnowed down to four development programmes. And four such development programmes are required to stand any chance of getting one winner.

b) Time Management. Whilst it is often the case that sufficient time is not taken to develop a product fully, there is always time to go back and fix mistakes. The cost of product re-engineering varies from the low to high billions.

There are a number of techniques that allow better problem identification and idea generation (creativity) and better idea selection, development and commercialisation (innovation).

Innovation strategies include:

a) Valuing ideas according to their type. Random ideas and those resulting from solution spotting have the highest success rates.

b) Measuring strategic, technical and competency fits with the organisation.

c) Measurement of ideas according to their impediments. A new type of cell phone will be infinitely easier to produce than a time machine. The Internet has a far lower take up in Africa than in Europe because of infrastructure deficiencies.

d) Carefully selecting what criteria is used to allow or disallow an idea at various stages of the development pipeline. Not allowing an idea (or releasing it too early) may not give that idea a chance to blossom. However, keeping it in the pipeline takes away valuable resources that may allow another idea to bloom.

e) Adequate consumer benefit analysis. Many ideas are simply developed before focused, practical and appropriate end-user needs are thought through.

These and other topics are covered in depth in the MBA dissertation on Managing Creativity & Innovation, which can be purchased (along with a Creativity and Innovation DIY Audit, Good Idea Generator Software and Power Point Presentation) from http://www.managing-creativity.com

You are free to reproduce this article as long as no changes are made and the author's name and site URL are retained.

Kal Bishop MBA, is a management consultant based in London, UK. He has consulted in the visual media and software industries and for clients such as Toshiba and Transport for London. He has led Improv, creativity and innovation workshops, exhibited artwork in San Francisco, Los Angeles and London and written a number of screenplays. He is a passionate traveller. He can be reached on http://www.managing-creativity.com.


MORE RESOURCES:

USA TODAY

Creativity trumps cute factor in Super Bowl ads
The Detroit News
Perhaps this is why the ads that left the biggest impressions — good and bad — are those that showed sparks of creativity and pathos. This is why Chevy deserves a gold star for its apocalyptic ad. In the spot, a man and his dog are shown in a truck ...
Creativity Top 5: Super Bowl XLVI EditionCreativity
KAMERA OBSCURE: This year's best/worst Super Bowl commercialsBall State Daily News
The Worst Super Bowl Tech AdsGizmodo
Syracuse.com -Midwest Sports Fans
all 1,474 news articles »


Creative options for extra money
Baruch College The Ticker
17, 2011 New York Times article, "College students replace poverty with creativity," Jennifer Conlin argues that even in this economic downturn, college students are able to save up and afford school in different creative ways. She highlights a student ...

and more »


The Nelson Mail

Creativity floats Krewe's boat
Monroe News Star
Krewe of Janus prepares floats last week for Mardi Gras parade at the Krewe Den. / Margaret Croft/The News-Star Above: The detail on a float for the upcoming Mardi Gras parade Saturday in Monroe. Right: Another member of the Krewe paints a sign for a ...
Library to hear late night Mardi Gras frock talkGay News Network (press release) (blog)
DID YOU GEAUX? HarborWalk kicks off the Mardi Gras season in styleDestin Log

all 16 news articles »


Citrus bumper crop bears creativity: It's time to peel, slice, squeeze and ...
Sacramento Bee
Or you can get really creative and use different kinds of teas. Chamomile adds an herbal note. If you can find a really nice jasmine tea, that adds a spectacular floral fragrance. This weekend, I finished a big meal with a salad of blood, Cara Cara and ...

and more »


Time for more creativity, collaboration
Iowa City Press Citizen
The situation gets somewhat better as the outside temperature rises, but even when the teenagers are on their very best behavior, the transfer period at the mall highlights a perceived lack of creative problem-solving skills among city and school ...

and more »


Growing Roster of MIPCube Speakers
MarketWatch (press release)
6, 2012 /PRNewswire via COMTEX/ -- MIPCube, the two-day high-level networking and live learning experience for the business and creative architects driving the future of TV, is proud to announce an exceptional and growing line-up of speakers and ...

and more »


Southwestern spring theatre schedule celebrates creativity
Winfield Daily Courier Online
The lineup, including a classic drama, a heartfelt musical and improvisational comedy, celebrates and examines creativity, its nature and importance. The first production will be a staged reading of Henrick Ibsen's classic work “Hedda Gabler,” directed ...

and more »


IBNLive.com

Innovation and creativity move to the heart of the curriculum
IBNLive.com
Top schools have devoted considerable resources to entrepreneurship, from electives and specialist courses to in-house incubation centres to help groom the creative leaders of the future. While some business leaders question whether entrepreneurship ...

and more »


Hayes: Reflections on being caretakers of creativity
Midland Daily News
I honestly believe this is a most significant structure, not only as a functional building but also as a catalyst to generate new facts and new feelings in the creative lives of all who use it." The 2011/12 season marks the 40th anniversary of MCFTA ...

and more »


Pre-engineering program encourages creativity
Winfield Daily Courier Online
Through engaging, hands-on curriculum, the courses encourage development of problem-solving skills, critical thinking and creative and innovative reasoning. Through industry and university partnerships students get cutting edge technology and exciting ...

and more »

Google News

home articlestore.biz | site map
© 2007