Business Innovation - Good Thinking

Creativity can be defined as problem identificationcauses some participants to prioritise their position in
and idea generation whilst innovation can be definedthe hierarchy rather than focus on the best
as idea selection, development and commercialisation.outcome.b) Ineffectual group dynamics such as core
There are other useful definitions in this field, forand peripheral groups stop the exchange of
example, creativity can be defined as consisting of ainformation and enhance parochialism, path
number of ideas, a number of diverse ideas and adependency and competency traps, resulting in
number of novel ideas.inferior outcomes.c) An emphasis of competition over
There are distinct processes that enhance problemcollaboration. Again, this restricts information flow as
identification and idea generation and, similarly, distinctopposed to encouraging intellectual cross pollination.
processes that enhance idea selection, developmentThese and other topics are covered in depth in the
and commercialisation. Whilst there is no sure fireMBA dissertation on Managing Creativity &
route to commercial success, these processesInnovation, which can be purchased (along with a
improve the probability that good ideas will beCreativity and Innovation DIY Audit, Good Idea
generated and selected and that investment inGenerator Software and Power Point Presentation)
developing and commercialising those ideas will not befrom
wasted.You can also receive a regular, free newsletter by
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Leaders should be wary that good thinking remains atKal Bishop, MBA
the top of the agenda. Good thinking helps focus**********************************
problem identification, idea generation and theYou are free to reproduce this article as long as no
following drive through the innovation process. Somechanges are made and the author's name and site
factors that inhibit good thinking include:a) LeadershipURL are retained.
battles. Often the competitive urge for leadership