Dress / Think for the occasion

We attended an dual event for a programme on helping regional SME’s in Ireland to innovate, develop and grow their business http://www.itcarlow.ie/enterprise/inspire/inspire-home.htm The initial meeting was with the other tutors / consultants of the course and the organisers. As such, with a initial business meeting we dressed for the occasion, formal business – Suit & […]

Time to Create

“All Work and no play makes jack a dull boy” People frequently comment that if you enjoy your work, then it feels no longer like work. Working as a consultant with startups, micro and sme(b) business in Ireland,¬† I often see the translation of enjoyment of a hobby into potential self employment and to the […]

MYTHS OF INNOVATION

Innovation is hardly a new term. The word, which derives from the Latin noun innovatus, meaning renewal or change, appeared in print as early as the 15th century, according to Robert Leonard, chairman of Hofstra University’s linguistics program FIVE MYTHS OF INNOVATION Innovation is about creating a hot new product… New products are swiftly copied […]

Innovation vs Invention vs Creativity

Discussions about innovation are often made difficult because people are unclear about the exact meanings of some key terms. In particular there is confusion about the difference between creativity, innovation and invention. Let us start with some definitions: Invention is the creation of something that has never been made before and is recognised as the […]

Innovation is for ALL Business

I believe that innovation is for all business. So here is the first in a number of occasional articles that relate innovation to small business and show that creative thinking is really just common sense. As an example here we have used a restaurant but the principles apply to all small business. Do restaurants need […]

Mind Map

A mind map is a diagram used to represent words, ideas, tasks or other items linked to and arranged radially around a central key word or idea. It is used to generate, visualise, structure and classify ideas, and as an aid in study, organisation, problem solving, decision making, and writing. It is an image-centered diagram […]

Why is Business Model Innovation so important?

Why is Business Model Innovation so important? Most companies have teams dedicated to product innovation and corporate development. Few recognise that the vast majority of new wealth comes from new business models, rather than from new products within existing business models. There is, of course, an overlap: product innovation often leads to new business models […]

What is innovation?

Everyone can innovate. Innovation generally refers to renewing, changing or creating¬† more effective processes, products or ways of doing things. Advertisement: Story continues below For businesses, this could mean implementing new ideas, creating dynamic products or improving your existing services. Innovation can be a catalyst for the growth and success of your business, and help […]

Innovation Management

Can you define? What business you are in? What environment you are operating in? The Challenge: The cycle begins with a problem or a goal that needs to be achieved; this is formulated into an innovation challenge. This is presented to a group or team to solve this task, or generation of possible solutions. This […]