Genre: Innovation
Innovation, innovative and creative thinking, innovation management, research, ideation, product service or process design
The Ten Faces Of Innovation
Title: The Ten Faces Of Innovation – Strategies For Heightening Creativity Author: Tom Kelley, Johathan Littman Genre: Creative ability in business Publisher: Profile Books(GB) Release Date: 2008 Format: Paperback Pages: 273 A brilliant guide to fostering creativity and business innovation, The Ten Faces of Innovation shows how any individual canRead More
The Startup Owner’s Manual: The Step-By-Step Guide for Building a Great Company
Title: The Startup Owner's Manual: The Step-By-Step Guide for Building a Great Company Author: Steven Blank and Bob Dorf Genre: Business, Innovation, Customer Development Publisher: K & S Ranch Release Date: 2012 Format: Hardback Pages: 608 It s been called the bible for startups and the best $40 investment aRead More
The Frugal Innovator: Creating Change on a Shoestring Budget
“The frugal wave is not, however, a purely local, grass-roots, or even a national phenomenon: it is decidedly cosmopolitan. In India and China, for example, many of the most powerful innovations have come from innovators who have a foot in both the developed and the developing world – they bridge both, bringing ideas from the West and applying them in new ways in their home markets. China excels at absorbing ideas from the West and reinterpreting them in a Chinese context.”
Frugal Innovation
Novartis, a global pharmaceutical company, is also investing heavily in next-generation manufacturing techniques. It has co-funded an $85
million centre at the Massachusetts Institute of Technology (MIT) that focuses on research into continuous manufacturing, led by Bernhardt Trout. The continuous manufacturing process represents a major technology leap for the pharmaceutical industry, enabling drugs to be produced in smaller volumes in a continuous flow in one small, fully integrated facility, rather than mass manufactured in large batches using a multi-step process distributed across many large factories.
The Innovative Leader
“We tend to think that the best way to innovate is to add new features to our products or services. What can we add that increases the appeal of our offering? This route can easily lead to extra cost, feature overload and customer fatigue. Sometimes a better answer lies in subtraction.
Michael O’Leary, the founder of Ryanair, looked at the business process of passenger flights and built a new model by subtracting all the frills that meant extra cost.”