INNOVATION IN BUSINESS: The indirect economic drivers fanning growth?

As per various theories, Innovation has evolved from imitation and passing thru invention.

Earlier times, imitation was equated with invention.

Imitation is when an individual or company observes what someone else is doing, and decides to mimic their actions in hopes of achieving identical results.

Invention can be loosely defined as the creation of a product or introduction of a process for the first time.

So what is innovation when we talk in the context of business?

When invention is commercialized, it becomes innovation !

Forms of Innovation:

Innovation is Incremental if the result is  marginal change. Eg:people switching over from CD to DVD.

It becomes Radical when the change is  substantialEg: DVD to Digital music.

So when does the innovation is termed DISRUPTIVE???

When it completely turns the business upside down …..ultimately and  unexpectedly) overtaking  the existing market.

Uber Globally and FLIPKART in India  can be termed DISRUPTIVE innovators!

The questions the innovators ask themselves are also different with the form  of innovation.

For incremental innovators, the prime question is WHAT NOW? , whereas a radical innovator asks WHAT NEXT.

For a DISRUPTIVE innovator, the view is TELESCOPIC with an OFF-TANGENT question : WHAT IF?

Again see the significant variation in THEMES: from IMPROVEMENT to an incremental innovator to GROWTH in case of radical innovator; when it comes to DISRUPTIVE innovator, it is TRANSFORMATION!

On ACTION front, the migration is from DO THINGS BETTER thru do things differently for the first two catagories. The last category DO DIFFERENT THINGS!

The perspective changes from FOCUS thru FORESIGHT to INSIGHT!

The business goal of an incremental innovator is to PROTECT AND MAINTAIN ONGOING(CURRENT ) REVENUE.

That of a radical innovator is to GROW MEDIUM TERM REVENUE
While a DISRUPTIVE innovator’s attempt is to CREATION OF GREEN-FIELD(new) REVENUE streams.

While Cost-economics is the ultimate arbitrator in Innovation, of late, it is found that it is the indirect cost that tilted in case of E-commerce – cost associated with searching, analyzing, price-benchmarking etc getting away with the convenience of a desktop or smart-phone !

Innovation sometimes is ‘forced’ owing to growing Competition.

Can innovation be taught by training? Possibly no.

Are there any founding Concepts in innovation? So far no evidence is there to prove this.

Value addition out of innovation in business : It can vary from marginal to astronomical from Incremental to Disruptive forms!

Innovation and India: India ranks somewhere in the middle at 66th rank in Global Innovation Index(GII); but can take solace that it is topper in South and Central Asia.

 

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      Have started this training program connecting technical (domain stuff) with Cost economics( economic drivers ) of Projects. Have received encouraging response to the programs ( u can watch the videos (under http://www.ergonomix/GALLERY ) and PARTICIPANT SPEAK which include senior professionals.

      I want to take this training programs forward by reaching out to like-minded professionals who may be wanting to partake in it.

      Thank u again !!!

      email / cell : info@ergonomix.in/ +91 9920732788

    1. Thank u for ur kind observation.

      I am Sasindran, originally Power sector professional, having experience in far east and middle east( was Invited to join Advisory board of Powergen India and Central Asia in 2011/ also member of an Apex panel debating transitional Power generation technologies for India in the medium term in 2013).
      Have started this training program connecting technical (domain stuff) with Cost economics( economic drivers ) of Projects. Have received encouraging response to the programs ( u can watch the videos (under http://www.ergonomix/GALLERY ) and PARTICIPANT SPEAK which include senior professionals.

      I want to take this training programs forward by reaching out to like-minded professionals who may be wanting to partake in it.

      Thank u again !!!

      email / cell : info@ergonomix.in/

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    1. Thank u for ur kind observation.

      But what I am interested is in letting the CONTENT to speak !

      I am Sasindran, originally Power sector professional, having experience in far east and middle east( was Invited to join Advisory board of Powergen India and Central Asia in 2011/ also member of an Apex panel debating transitional Power generation technologies for India in the medium term in 2013).
      Have started this training program connecting technical (domain stuff) with Cost economics( economic drivers ) of Projects. Have received encouraging response to the programs ( u can watch the videos (under http://www.ergonomix/GALLERY ) and PARTICIPANT SPEAK which include senior professionals.

      I want to take this training programs forward by reaching out to like-minded professionals who may be wanting to partake in it.

      Thank u again !!!

      email / cell : info@ergonomix.in/

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    1. Thank u for ur kind observation.

      I am Sasindran, originally Power sector professional, having experience in far east and middle east( was Invited to join Advisory board of Powergen India and Central Asia in 2011/ also member of an Apex panel debating transitional Power generation technologies for India in the medium term in 2013).
      Have started this training program connecting technical (domain stuff) with Cost economics( economic drivers ) of Projects. Have received encouraging response to the programs ( u can watch the videos (under http://www.ergonomix/GALLERY ) and PARTICIPANT SPEAK which include senior professionals.

      I want to take this training programs forward by reaching out to like-minded professionals who may be wanting to partake in it.

      Thank u again !!!

      email / cell : info@ergonomix.in

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    1. Thank u for ur kind observation.

      I am Sasindran, originally Power sector professional, having experience in far east and middle east( was Invited to join Advisory board of Powergen India and Central Asia in 2011/ also member of an Apex panel debating transitional Power generation technologies for India in the medium term in 2013).
      Have started this training program connecting technical (domain stuff) with Cost economics( economic drivers ) of Projects. Have received encouraging response to the programs ( u can watch the videos (under http://www.ergonomix/GALLERY ) and PARTICIPANT SPEAK which include senior professionals.

      I want to take this training programs forward by reaching out to like-minded professionals who may be wanting to partake in it.

      Thank u again !!!

      email / cell : info@ergonomix.in/

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    1. Thank u !

      Contact page is very much there ! the website is LIVE now !

      I am Sasindran, originally Power sector professional, having experience in far east and middle east( was Invited to join Advisory board of Powergen India and Central Asia in 2011/ also member of an Apex panel debating transitional Power generation technologies for India in the medium term in 2013).
      Have started this training program connecting technical (domain stuff) with Cost economics( economic drivers ) of Projects. Have received encouraging response to the programs ( u can watch the videos (under http://www.ergonomix/GALLERY ) and PARTICIPANT SPEAK which include senior professionals.

      I want to take this training programs forward by reaching out to like-minded professionals who may be wanting to partake in it.

      Thank u again !!!

      email / cell : info@ergonomix.in/

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    1. Thank u for ur kind observation.
      The website is LIVE now ! It has all info u may seek !
      I am Sasindran, originally Power sector professional, having experience in far east and middle east( was Invited to join Advisory board of Powergen India and Central Asia in 2011/ also member of an Apex panel debating transitional Power generation technologies for India in the medium term in 2013).
      Have started this training program connecting technical (domain stuff) with Cost economics( economic drivers ) of Projects. Have received encouraging response to the programs ( u can watch the videos (under http://www.ergonomix/GALLERY ) and PARTICIPANT SPEAK which include senior professionals.

      I want to take this training programs forward by reaching out to like-minded professionals who may be wanting to partake in it.

      Thank u again !!!

      email / cell : info@ergonomix.in/

  114. Great blog you have here but I was wondering if you knew of any user discussion forums that cover the same topics talked about in this article? I’d really like to be a part of online community where I can get feedback from other experienced individuals that share the same interest. If you have any recommendations, please let me know. Appreciate it!

    1. Korry, thanks for ur post buddy!

      Well, the topic is now one of the most discussed subjects the world over ! …………..Innovation has evolved from a primarily BUSINESS related to include such mundane areas like SOCIETY etc !

      By the way, I am Sasindran, originally Power sector professional, having experience in far east and middle east( was Invited to join Advisory board of Powergen India and Central Asia in 2011/ also member of an Apex panel debating transitional Power generation technologies for India in the medium term in 2013).
      Have started this training program connecting technical (domain stuff) with Cost economics( economic drivers ) of Projects. Have received encouraging response to the programs ( u can watch the videos (under http://www.ergonomix/GALLERY ) and PARTICIPANT SPEAK which include senior professionals.

      I want to take this training programs forward by reaching out to like-minded professionals who may be wanting to partake in it.

      Thank u again !!!

      email / cell : info@ergonomix.in/

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      May b u can help me to spread its awareness !

      I am Sasindran, originally Power sector professional, having experience in far east and middle east( was Invited to join Advisory board of Powergen India and Central Asia in 2011/ also member of an Apex panel debating transitional Power generation technologies for India in the medium term in 2013).
      Have started this training program connecting technical (domain stuff) with Cost economics( economic drivers ) of Projects. Have received encouraging response to the programs ( u can watch the videos (under http://www.ergonomix/GALLERY ) and PARTICIPANT SPEAK which include senior professionals.

      I want to take this training programs forward by reaching out to like-minded professionals who may be wanting to partake in it.

      Thank u again !!!

      email / cell : info@ergonomix.in/

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    1. Thank u for ur kind observation!

      I am Sasindran, originally Power sector professional, having experience in far east and middle east( was Invited to join Advisory board of Powergen India and Central Asia in 2011/ also member of an Apex panel debating transitional Power generation technologies for India in the medium term in 2013).
      Have started this training program connecting technical (domain stuff) with Cost economics( economic drivers ) of Projects. Have received encouraging response to the programs ( u can watch the videos (under http://www.ergonomix/GALLERY ) and PARTICIPANT SPEAK which include senior professionals.

      I want to take this training programs forward by reaching out to like-minded professionals who may be wanting to partake in it.

      Thank u again !!!

      email / cell : info@ergonomix.in/

    1. Thank u for ur kind observation, Ma’am !

      I am Sasindran, originally Power sector professional, having experience in far east and middle east( was Invited to join Advisory board of Powergen India and Central Asia in 2011/ also member of an Apex panel debating transitional Power generation technologies for India in the medium term in 2013).
      Have started this training program connecting technical (domain stuff) with Cost economics( economic drivers ) of Projects. Have received encouraging response to the programs ( u can watch the videos (under http://www.ergonomix/GALLERY ) and PARTICIPANT SPEAK which include senior professionals.

      I want to take this training programs forward by reaching out to like-minded professionals who may be wanting to partake in it.

      Thank u again !!!

      email / cell : info@ergonomix.in/

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    1. Thank u for ur kind observations !

      BTW, I am Sasindran, originally Power sector professional, having experience in far east and middle east( was Invited to join Advisory board of Powergen India and Central Asia in 2011/ also member of an Apex panel debating transitional Power generation technologies for India in the medium term in 2013).
      Have started this training program connecting technical (domain stuff) with Cost economics( economic drivers ) of Projects. Have received encouraging response to the programs ( u can watch the videos (under http://www.ergonomix/GALLERY ) and PARTICIPANT SPEAK which include senior professionals.

      I want to take this training programs forward by reaching out to like-minded professionals who may be wanting to partake in it.

      Thank u again !!!

      email / cell : info@ergonomix.in

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    time clearing my mind in getting my ideas out there.
    I do take pleasure in writing but it just seems like the first 10 to 15 minutes are generally wasted simply just trying to figure out how to begin. Any recommendations or tips?
    Many thanks!

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    1. Thank u for ur kind observations!

      BTW, I am Sasindran, originally Power sector professional, having experience in far east and middle east( was Invited to join Advisory board of Powergen India and Central Asia in 2011/ also member of an Apex panel debating transitional Power generation technologies for India in the medium term in 2013).
      Have started this training program connecting technical (domain stuff) with Cost economics( economic drivers ) of Projects. Have received encouraging response to the programs ( u can watch the videos (under http://www.ergonomix/GALLERY ) and PARTICIPANT SPEAK which include senior professionals.

      I want to take this training programs forward by reaching out to like-minded professionals who may be wanting to partake in it.

      Thank u again !!!

      email / cell : info@ergonomix.in/

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    1. Thank u for ur kind observation!

      BTW, I am Sasindran, originally Power sector professional, having experience in far east and middle east( was Invited to join Advisory board of Powergen India and Central Asia in 2011/ also member of an Apex panel debating transitional Power generation technologies for India in the medium term in 2013).

      Have started this training program connecting technical (domain stuff) with Cost economics( economic drivers ) of Projects. Have received encouraging response to the programs ( u can watch the videos (under http://www.ergonomix/GALLERY ) and PARTICIPANT SPEAK which include senior professionals.

      I have been struggling to take this forward because of many MENTAL BARRIERS put up by stake-holders !

      Fact is In india, even MBA grads( who majored in Engineering) are not able to find CONNECT between DOMAIN stuff and ECONOMIC DRIVERS of a project ! Some of them attend my program and say ” Oh ! this was not taught to us ! I am learning a lot of stuff NEW here ” !

      I want to take this training programs forward by reaching out to like-minded professionals who may be wanting to partake in it.

      Thank u again !!!

      email / cell : info@ergonomix.in/

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      BTW, I am Sasindran, originally Power sector professional, having experience in far east and middle east( was Invited to join Advisory board of Powergen India and Central Asia in 2011/ also member of an Apex panel debating transitional Power generation technologies for India in the medium term in 2013).
      Have started this training program connecting technical (domain stuff) with Cost economics( economic drivers ) of Projects. Have received encouraging response to the programs ( u can watch the videos (under http://www.ergonomix/GALLERY ) and PARTICIPANT SPEAK which include senior professionals.

      I want to take this training programs forward by reaching out to like-minded professionals who may be wanting to partake in it.

      So just in case ur time permits, if u can share this site, I would be obliged !

      Thank u again !!!

      email / cell : info@ergonomix.in

    1. Thank u for ur kind words!

      BTW, I am Sasindran, originally Power sector professional, having experience in far east and middle east( was Invited to join Advisory board of Powergen India and Central Asia in 2011/ also member of an Apex panel debating transitional Power generation technologies for India in the medium term in 2013).
      Have started this training program connecting technical (domain stuff) with Cost economics( economic drivers ) of Projects. Have received encouraging response to the programs ( u can watch the videos (under http://www.ergonomix/GALLERY ) and PARTICIPANT SPEAK which include senior professionals.

      I want to take this training programs forward by reaching out to like-minded professionals who may be wanting to partake in it.

      So just in case ur time permits, if u can share this site, I would be obliged !

      Thank u again !!!

      email / cell : info@ergonomix.in/

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    1. Thank u for ur kind words!

      BTW, I am Sasindran, originally Power sector professional, having experience in far east and middle east( was Invited to join Advisory board of Powergen India and Central Asia in 2011/ also member of an Apex panel debating transitional Power generation technologies for India in the medium term in 2013).
      Have started this training program connecting technical (domain stuff) with Cost economics( economic drivers ) of Projects. Have received encouraging response to the programs ( u can watch the videos (under http://www.ergonomix/GALLERY ) and PARTICIPANT SPEAK which include senior professionals.

      I want to take this training programs forward by reaching out to like-minded professionals who may be wanting to partake in it.

      So just in case ur time permits, if u can share this site, I would be obliged !

      Thank u again !!!

      email / cell : info@ergonomix.in/

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    1. Thank u for ur kind words!

      BTW, I am Sasindran, originally Power sector professional, having experience in far east and middle east( was Invited to join Advisory board of Powergen India and Central Asia in 2011/ also member of an Apex panel debating transitional Power generation technologies for India in the medium term in 2013).
      Have started this training program connecting technical (domain stuff) with Cost economics( economic drivers ) of Projects. Have received encouraging response to the programs ( u can watch the videos (under http://www.ergonomix/GALLERY ) and PARTICIPANT SPEAK which include senior professionals.

      I want to take this training programs forward by reaching out to like-minded professionals who may be wanting to partake in it.

      So just in case ur time permits, if u can share this site, I would be obliged !

      Thank u again !!!

      email / cell : info@ergonomix.in

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    1. Thank u for ur kind words!

      BTW, I am Sasindran, originally Power sector professional, having experience in far east and middle east( was Invited to join Advisory board of Powergen India and Central Asia in 2011/ also member of an Apex panel debating transitional Power generation technologies for India in the medium term in 2013).
      Have started this training program connecting technical (domain stuff) with Cost economics( economic drivers ) of Projects. Have received encouraging response to the programs ( u can watch the videos (under http://www.ergonomix/GALLERY ) and PARTICIPANT SPEAK which include senior professionals.

      I want to take this training programs forward by reaching out to like-minded professionals who may be wanting to partake in it.

      So just in case ur time permits, if u can share this site, I would be obliged !

      Thank u again !!!

      email / cell : info@ergonomix.in/

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    1. Nothing new as such ………..of course the very word INNOVATION has ‘NEW’ inherent it ! Is it not?

      Even what I want to promote is INNOVATIVE concept, since this is FIRST time in India !

      Thank u !

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    1. Thank u for ur kind words!

      BTW, I am Sasindran, originally Power sector professional, having experience in far east and middle east( was Invited to join Advisory board of Powergen India and Central Asia in 2011/ also member of an Apex panel debating transitional Power generation technologies for India in the medium term in 2013).
      Have started this training program connecting technical (domain stuff) with Cost economics( economic drivers ) of Projects. Have received encouraging response to the programs ( u can watch the videos (under http://www.ergonomix/GALLERY ) and PARTICIPANT SPEAK which include senior professionals.

      I want to take this training programs forward by reaching out to like-minded professionals who may be wanting to partake in it.

      So just in case ur time permits, if u can share this site, I would be obliged !

      Thank u again !!!

      email / cell : info@ergonomix.in/

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    1. Thank u for ur kind words!

      BTW, I am Sasindran, originally Power sector professional, having experience in far east and middle east( was Invited to join Advisory board of Powergen India and Central Asia in 2011/ also member of an Apex panel debating transitional Power generation technologies for India in the medium term in 2013).
      Have started this training program connecting technical (domain stuff) with Cost economics( economic drivers ) of Projects. Have received encouraging response to the programs ( u can watch the videos (under http://www.ergonomix/GALLERY ) and PARTICIPANT SPEAK which include senior professionals.

      I want to take this training programs forward by reaching out to like-minded professionals who may be wanting to partake in it.

      So just in case ur time permits, if u can share this site, I would be obliged !

      Thank u again !!!

      email / cell : info@ergonomix.in/

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    1. Thank u for ur kind words!

      BTW, I am Sasindran, originally Power sector professional, having experience in far east and middle east( was Invited to join Advisory board of Powergen India and Central Asia in 2011/ also member of an Apex panel debating transitional Power generation technologies for India in the medium term in 2013).
      Have started this training program connecting technical (domain stuff) with Cost economics( economic drivers ) of Projects. Have received encouraging response to the programs ( u can watch the videos (under http://www.ergonomix/GALLERY ) and PARTICIPANT SPEAK which include senior professionals.

      I want to take this training programs forward by reaching out to like-minded professionals who may be wanting to partake in it.

      So just in case ur time permits, if u can share this site, I would be obliged !

      Thank u again !!!

      email / cell : info@ergonomix.in/

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    1. Thank u for ur kind words!

      BTW, I am Sasindran, originally Power sector professional, having experience in far east and middle east( was Invited to join Advisory board of Powergen India and Central Asia in 2011/ also member of an Apex panel debating transitional Power generation technologies for India in the medium term in 2013).
      Have started this training program connecting technical (domain stuff) with Cost economics( economic drivers ) of Projects. Have received encouraging response to the programs ( u can watch the videos (under http://www.ergonomix/GALLERY ) and PARTICIPANT SPEAK which include senior professionals.

      I want to take this training programs forward by reaching out to like-minded professionals who may be wanting to partake in it.

      So just in case ur time permits, if u can share this site, I would be obliged !

      Thank u again !!!

      email / cell : info@ergonomix.in/

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    1. Thank u for ur kind words !

      Well, i had built my entire career on my ability to COMMUNICATE – written and verbal- was nominated as PROJECT MANGER at a fairly young age and built on that ! ……… used to read a lot

      Thank u again !

    1. Thank u for ur kind words!

      BTW, I am Sasindran, originally Power sector professional, having experience in far east and middle east( was Invited to join Advisory board of Powergen India and Central Asia in 2011/ also member of an Apex panel debating transitional Power generation technologies for India in the medium term in 2013).
      Have started this training program connecting technical (domain stuff) with Cost economics( economic drivers ) of Projects. Have received encouraging response to the programs ( u can watch the videos (under http://www.ergonomix/GALLERY ) and PARTICIPANT SPEAK which include senior professionals.

      I want to take this training programs forward by reaching out to like-minded professionals who may be wanting to partake in it.

      So just in case ur time permits, if u can share this site, I would be obliged !

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      email / cell : info@ergonomix.in/

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    1. Thank u for ur kind words!

      BTW, I am Sasindran, originally Power sector professional, having experience in far east and middle east( was Invited to join Advisory board of Powergen India and Central Asia in 2011/ also member of an Apex panel debating transitional Power generation technologies for India in the medium term in 2013).
      Have started this training program connecting technical (domain stuff) with Cost economics( economic drivers ) of Projects. Have received encouraging response to the programs ( u can watch the videos (under http://www.ergonomix/GALLERY ) and PARTICIPANT SPEAK which include senior professionals.

      I want to take this training programs forward by reaching out to like-minded professionals who may be wanting to partake in it.

      So just in case ur time permits, if u can share this site, I would be obliged !

      Thank u again !!!

      email / cell : info@ergonomix.in

    1. Thank u for ur kind words!

      BTW, I am Sasindran, originally Power sector professional, having experience in far east and middle east( was Invited to join Advisory board of Powergen India and Central Asia in 2011/ also member of an Apex panel debating transitional Power generation technologies for India in the medium term in 2013).
      Have started this training program connecting technical (domain stuff) with Cost economics( economic drivers ) of Projects. Have received encouraging response to the programs ( u can watch the videos (under http://www.ergonomix/GALLERY ) and PARTICIPANT SPEAK which include senior professionals.

      I want to take this training programs forward by reaching out to like-minded professionals who may be wanting to partake in it.

      So just in case ur time permits, if u can share this site, I would be obliged !

      Thank u again !!!

      email / cell : info@ergonomix.in/

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