Management Diary The Quintessential Survival Guide in the Corporate Quagmire!

Innovation Management - Eliciting Dominant Ideas


Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation.

There are other useful definitions in this field, for example, creativity can be defined as consisting of a number of ideas, a number of diverse ideas and a number of novel ideas.

There are distinct processes that enhance problem identification and idea generation and, similarly, distinct processes that enhance idea selection, development and commercialisation. Whilst there is no sure fire route to commercial success, these processes improve the probability that good ideas will be generated and selected and that investment in developing and commercialising those ideas will not be wasted.

eliciting Dominant Ideas

One of the most useful methods of generating ideas is to elicit the dominant ideas or assumptions of an endeavour. Each dominant idea in turn then acts as the root to a pathway from which other ideas can be elicited. This is akin to creating a custom framework for the task.

For example, Ferrari may not be selling enough cars and the sales team may "brainstorm" to discover why?

Individual managers will identify varying problems, such as: the price is too high, the price is too low, the colour is wrong, the marketing is flawed etc. Each of these is in itself a pathway to idea generation.

Moving slightly higher, they may ask why clients are buying their cars at all. And answers could include: demonstrate wealth, pick up chicks, demonstrate success etc. Again, these are pathways to different ideas.

Then the managers may move onto higher concepts. Why are the clients buying their cars: to raise their status. What other value adding options help to raise the client's status.

These and other topics are covered in depth in the MBA dissertation on Managing Creativity & Innovation, which can be purchased (along with a Creativity and Innovation DIY Audit, Good Idea Generator Software and Power Point Presentation) from http://www.managing-creativity.com/

You can also receive a regular, free newsletter by entering your email address at this site.

You are free to reproduce this article as long as no changes are made and the author's name and site URL are retained.

Kal Bishop MBA, is a management consultant based in London, UK. He has consulted in the visual media and software industries and for clients such as Toshiba and Transport for London. He has led Improv, creativity and innovation workshops, exhibited artwork in San Francisco, Los Angeles and London and written a number of screenplays. He is a passionate traveller. He can be reached on http://www.managing-creativity.com/


MORE RESOURCES:

News Corp. Says It Provided Info for Sun Corruption Arrests - Reuters

Globe and Mail

News Corp. Says It Provided Info for Sun Corruption Arrests
Reuters
By Lucas Shaw at TheWrap News Corp. said Saturday that it provided the information to the police that resulted in the arrest of five of its journalists earlier in the day. In a statement the company said: "The Management and Standards Committee (MSC) ...
UK police arrest five journalists in newspaper bribery probeFox News
Staff at The Sun tabloid arrested in bribe inquiryUSA TODAY
Sun Journalists Arrested as Bribe Probe WidensWall Street Journal

all 1,588 news articles »

Oracle to Pay $1.9B for Taleo, Extends SAP Rivalry - ABC News

MiamiHerald.com

Oracle to Pay $1.9B for Taleo, Extends SAP Rivalry
ABC News
Oracle Corp. is escalating its rivalry with German business-software maker SAP AG with a $1.9 billion purchase of Taleo Corp., a company that helps businesses hire and manage their employees. The proposed purchase announced Thursday extends Oracle's ...
Oracle Buys Taleo for $1.9 Billion, Adds Human-Resource ToolSan Francisco Chronicle
Oracle to pay $1.9b for TaleoNEWS.com.au
Oracle to buy Taleo for $1.9 bln; cloud war brewsReuters
GMA News
all 482 news articles »

TEXT-S&P revises Apollo Investment Corp outlook to stable - Reuters

TEXT-S&P revises Apollo Investment Corp outlook to stable
Reuters
(The following statement was released by the rating agency) -- Apollo Investment Corp. (AIC) has announced changes in management, a reduction in its dividend, and adjustments to its investment strategy. -- In our view, changes to the firm's investment ...
Apollo Investments Considers Capital Raise; Unveils Management ShiftsWall Street Journal
Company News for February 9, 2012Zacks.com
Apollo Investment Q3 misses, cuts dividendEconomic Times
Seeking Alpha -Tech24
all 30 news articles »

Oracle to pay $1.9B for Taleo, extends SAP rivalry - Seattle Post Intelligencer

New York Times

Oracle to pay $1.9B for Taleo, extends SAP rivalry
Seattle Post Intelligencer
Oracle is paying $1.9 billion for Taleo Corp., a company that helps businesses manage their employees. Photo: Mark Lennihan / AP NEW YORK (AP) ? Oracle Corp. is escalating its rivalry with German business-software maker SAP AG with a $1.9 billion ...
Oracle Signs Acquisition Deal With Taleo for Cloud ComputingIndustry Leaders Magazine
Oracle buys talent management firm Taleo for US$1.9BITWorld Canada

all 118 news articles »

AMR bankruptcy: Retirees group files for involvement in case - Tulsa World

Wall Street Journal

AMR bankruptcy: Retirees group files for involvement in case
Tulsa World
The organization, AMR Retirees Pension Protection Corp., is based in Owasso and includes former members of American Airlines upper management at the Maintenance & Engineering Center in Tulsa and the carrier's maintenance base in Fort Worth.
Exclusive: American Airlines creditors want to talk mergerReuters
Transport workers union says it will have counterproposal next week for AmericanFort Worth Star Telegram
American Airlines Creditors Discussing Possible MergerHuffington Post

all 26 news articles »

PetroFrontier announces change in management - Sacramento Bee

PetroFrontier announces change in management
Sacramento Bee
10, 2012 -- /PRNewswire/ - (TSX-V: PFC) - PetroFrontier Corp.("PetroFrontier") announced today that Peter Philipchuk, Vice President, Exploration, has resigned from PetroFrontier. PetroFrontier thanks Mr. Philipchuk for his service and wishes him well ...

and more »

Integrated Asset Management Corp. Announces Results for the First Quarter of ... - MarketWatch (press release)

Integrated Asset Management Corp. Announces Results for the First Quarter of ...
MarketWatch (press release)
TORONTO, ONTARIO, Feb 09, 2012 (MARKETWIRE via COMTEX) -- Integrated Asset Management Corp. ("IAM") /quotes/zigman/18979 CA:IAM -10.00% today announced unaudited financial results for the quarter ended December 31, 2011. Review of the 3-Month Period ...

and more »

Edgewood Management Holdings in 4th Quarter: 13F Alert - Bloomberg

Edgewood Management Holdings in 4th Quarter: 13F Alert
Bloomberg
Top Positions by Market Value Company Name Ticker Market Value Current Change (USD $) Position In Position Celgene Corp CELG US 424280043 6276332 -33371 QUALCOMM Inc QCOM US 397587935 7268518 -21149 Visa Inc-Class A Shares V US 389712244 3838395 ...

and more »

Alcatel-Lucent Shares Soar on Profit Jump - Wall Street Journal

msnbc.com

Alcatel-Lucent Shares Soar on Profit Jump
Wall Street Journal
An ongoing price war, combined with the pressure of lowering costs while maintaining research and development spend means that Alcatel-Lucent's management will have to speed the pace of restructuring. "In the market there was a relief that they made ...
Recent IPOs Review: RPX's Licensing Syndicate with Alcatel-Lucent, Apollo ...Wall St. Cheat Sheet

all 201 news articles »

Eaton Vance Closed-end Diversified Equity Income Funds Declare Quarterly ... - Sacramento Bee

Eaton Vance Closed-end Diversified Equity Income Funds Declare Quarterly ...
Sacramento Bee
The Funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), based in Boston, one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates ...
Eaton Vance Closed-End Equity Funds Declare Monthly DistributionsMarketWatch (press release)

all 54 news articles »
home | site map |       Disclaimer |       Privacy Policy
© 2006