Searching for innovative opportunities? These 7 sources will boost your creativity

Peter F. Drucker, the father of modern management, suggested that analyzing the opportunities is the first step in generating innovative ideas. He classified Seven Sources of Innovative Opportunity, consisting of internal and external sources of change that can be used to generate innovative ideas. The sources include unexpected events or success, incongruity, innovation based on process needs, changes in industry or market structure, changes in demographics, changes in perception, mood and meaning, and new knowledge. By leveraging these sources, organizations can create new unique products and services that adapt to changes effectively.