Crazy Idea

What do you think about this business idea: You sell disassembled furniture in small pieces, which the customers have to transport home and then have to assemble them by themselves. Does this sound like a great idea? If you think that this is not a good idea ask Ingvar how he got rich! If you […]

Innovation Audit

What are Innovation Audits? •They are an in-depth analysis of different aspects of an organisation’s current innovation capabilities, procedures and processes, examining key indicators, determining strengths and weaknesses; •The results of the audit will highlight barriers to innovation, as well as identify improvements or new methods to maximise innovation capabilities. What are the Benefits of […]

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 […]

Simple Individual Brainstorming

Brainstorming Method, help to generate ideas with the help of friends What you need, some sheets of blank paper, blue tack or sellotape, pens, post it notes. If you have friends of similar interests or hobbies, they may have ideas that you haven’t considered, and avenues for your thoughts to follow.  Younger You With a group […]