Helping Leaders Understand the Concept of Innovation

One of the fundamental concepts leaders often get wrong is an understanding of what innovation is. Tim Kastelle provides a clear picture of what does, and doesn’t, constitute innovation.

Simply put, innovation is executing new ideas to create value. There are three parts of the definition: Everyone gets the “new idea” part of it. But it’s not enough to have a great idea – you also have to execute it. In addition, it’s only innovation if you’re creating value for people. All three conditions, which for m the foundation of the Innovation Value Chain, must be present in order for innovation to take place.

Read full article » timkastelle.org/blog…

 

Image: Hand Holding Globe from Shutterstock.com

Ad

STAY CONNECTED

 
Ad