Sunday, 20 October 2013

Innovation - The Currency Of The Future

Innovation is an ancient art and at the same time it is the currency of the future. It is the most talked about and least understood area in all walks of life.Nothing is so good that it can not be made better.

What did Peter F. Drucker say about Innovation? He said “If you want something new, you have to stop doing something old”

To me Innovation means - designing and imagining a product – visualizing the next requirement which the customers would want to use in future.

Steve Jobs said “You can’t just ask customers what they want and then try to give that to them. By the time you get it built, they’ll want something new “.

Innovation is all about changing the rules of game. It has to be continuously practiced. The importance of innovation is universally acknowledged and hence it is imperative to develop a culture which is conducive to innovation and influences the employees to produce creative ideas, products , services and solutions.

What fosters Innovation?
  • Creative leadership
  • Picking up the right talent
  • Believe in self and team
  • Developing a culture of innovation 
  • Encouraging creativity, innovation and ideation
  • Giving freedom and empowerment
  • Designing reward strategies 
  • Listening to the smallest idea
  • Enabling brain storming and thinking out of the box
  • Maximizing casual employee conversation
  • Ensuring constant employee engagement 
It is understood that a sustainable life needs a sustainable innovation with greater focus on quality. Regardless of the industry, business enterprise that provide products or services need to persistently strive to innovate to gain and maintain what we call a competitive edge.

Think It Through !!!!


Bholanath Rindani said...

Kaushal Mankad's observation about Innovation as the currency of the future is based on solid foundation of his being a voracious reader. I would just like to request all the readers of this blog to jot down the INVENTIONS that have taken place after your birth. At the end of the day you will write Cell Phone, I pad, Laptop, Palmtop. But beware- these are not inventions these are merely innovations of the inventions that have taken place much before your birth. Well Done Kaushal Mankad.

Kaushal Mankad said...

Thank you Mr.Rindani .It is motivating and encouraging to have your wonderful words of recognition .It means a lot .You have been a mentor for lifetime and thank you for your appreciation.

Rajul Sarkar said...

Great Thinking and Well Said KM

Kaushal Mankad said...

As I always say ' Lump of mud will continue to retain its identity unless and until the porter decides to give it a shape " .Thank you for your motivation as always.It was your mentoring which helped me build the strong foundation needed to become whatever I am today and I will be tomorrow.

Yours KM