Innovation

Innovation vs. Invention: Only one drives organizational growth

I am a big advocate of creating a culture of continuous innovation in organizations. However, I find that a lot of individuals have a difficult time with step one – discerning between innovation and invention.

Invention is the creation of new ideas for products or processes. For example, the original formula for Coca-Cola was the invention of a pharmacist by the name of John Stith Pemberton. Although he invented what has since become the world’s most popular soft drink, in my opinion, he was not the company’s greatest innovator.

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Is distance learning innovative or regressive?

I recently had the opportunity to guest lecture at a major university. The topic was new media. In the middle of the lecture, it dawned on me that here I was talking about a trend in media that heightened the opportunities for interaction, communication and discussion … but I was talking to a half-empty lecture hall! The other half of the class was either watching me from home or taping me to watch at some later date when they had a minute (I know this because an exam question was going to be based on my lecture).

Huh?

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Time and money take a backseat when inspiring innovation

All too often, when I speak to companies or deliver keynotes to audiences, I can see that the notion of innovation is both intriguing and frightening.  It brings with it the perception that success somehow hinges on time and money. But, how can it be based on time and money when the most innovative thinkers are entrepreneurs?  When they launch new and innovative products or services often they do so with the sum total hours that one or two people can muster…financed by whatever money is left on their otherwise maxed out credit cards. More →

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