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.

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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.

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      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!

      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 words !…can u visit the site again ( now it is live ! ) and explore its contents !
      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/

  52. 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/

  53. I’ll immediately clutch your rss as I can not in finding your e-mail subscription link or e-newsletter service. Do you’ve any? Please let me understand so that I may subscribe. Thanks.

    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/

  54. Hi there! Quick question that’s entirely off topic. Do you know how to make your site mobile friendly? My weblog looks weird when browsing from my iphone. I’m trying to find a template or plugin that might be able to correct this problem. If you have any suggestions, please share. Many thanks!

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  56. Does your website have a contact page? I’m having problems locating it but, I’d like to send you an email. I’ve got some ideas for your blog you might be interested in hearing. Either way, great blog and I look forward to seeing it expand over time.

    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/

  57. Just desire to say your article is as amazing. The clearness for your post is just excellent and that i could suppose you’re a professional in this subject. Fine with your permission allow me to snatch your feed to stay up to date with impending post. Thanks a million and please continue the gratifying work.

    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.

      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

  58. I am curious to find out what blog platform you have been working with? I’m experiencing some minor security issues with my latest website and I’d like to find something more secure. Do you have any solutions?

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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/

  62. Hi superb blog! Does running a blog like this require a massive amount work?
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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.

      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/ +91 9920732788

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