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.

View

More Innovation Resources:

3 Practices That Will Help Drive Innovation in Your Organization

View

Five Principles of Innovation Measurement

Innovation measurement is vital to improving management effectiveness and performance. Here are five principles for defining innovation measurement.

View

Crowdsourced Innovation: How Enterprises Generate Explosive Employee Engagement

Companies with disengaged employees suffer from lost productivity and profitability. Crowdsourced innovation is an effective way to engage employees and increase their emotional connection with work.

View