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In: DEFINITION, PROCESS, THEORY

What does it mean to be truly innovative? And what is just the natural progression of product design and improvement?    I have read many articles on the topic and have had many conversations as well. I believe there is general acceptance on the basic meaning of innovation. The definition I use to describe true innovation is: Non-obvious information and activity related to a product or process that yields value Let’s explore the definition. “Non obvious”, if there is a generally accepted gap or well-known weakness, the fact that a company solves it is not innovative, it’s just common sense. If a company comes out with a newRead More →

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In: BUSINESS, DEFINITION

  Most companies agree on a high level definition: “activity taken to create new products or product improvements”. I would add to this definition that “the activity is in line with core business objectives, achieved by utilizing a process, allows for flexibility in approach and results in a positive financial outcome”. More detailRead More →