What Are The Different Source Of Innovation?

What Are The Different Source Of Innovation?

Innovation is fundamental for growth and development, and it improves people's living conditions. Peter F. Drucker, a management guru, proposes seven sources of innovation in his book ''Innovation and Entrepreneurship'': unexpected, incongruity, necessity, demographics, market structure change, changing perception, and new knowledge. Unexpected innovations can happen by chance, while incongruities can be the source of innovative solutions to familiar issues. Necessity, the mother of creation, can also prompt innovation. Demographics, market structure changes, changing perception, and new knowledge can all lead to innovative ideas. MIT ID Innovation offers courses that can help individuals develop an innovative mentality that will allow them to become leaders in innovation.

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More Innovation Resources:

Building an Employee-Led Innovation Strategy

Starting your innovation strategy with a purpose, built off existing knowledge, leads to employee engagement and a purpose-driven culture.

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Five Insights of Breakthrough Innovation

Breakthrough innovation requires developing the capability to execute it successfully, capturing rising trends, and applying nonlinear thinking. Responding to true human need and fostering innovation culture will create significant opportunities for businesses.

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How to Organize Ideas with Stormboard

Meetings can be more organized with Stormboard, a digital workspace that replaces physical whiteboards and notebooks, and offers useful features such as templates, sticky notes, and a chat tab.

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