The Discipline of Innovation Article Example | Topics and Well Written Essays - 500 words

The Discipline of Innovation - Article Example The scope of analysts for these range from a business and technological advancements standpoint, to areas of opportunity focused more on a social or demographic nature. Innovative,astute managers will identify and apply all seven areas of opportunity to the organization,while being able to create an organization culture that values,molds and drives â€Å"functional inspiration†, which require a certain level of imagination and out of the box thinking associated with the unknown. In society the concept of entrepreneurship is sometimes very narrowly defined. It is usually viewed as as new small businesses or individuals who strive to become one through new businesses or ideas. But in a broader sense,any enterprise that creates new products,ideas or processes is in fact an entrepreneur. The seven areas of innovation opportunity are: 1)Unexpected Occurrences- In businesses just like life are extremely unpredictable in nature. Whether it is an individual entrepreneur or a business,we must learn to deal with changes and unexpected situations with a vision toward exposing and exploiting any new opportunities or systemic improvements that can arise from such situations. 2)Incongruities- There are countless industries,jobs,situations and processes where the nature or flow of the work is interrupted or made less efficient because of certain steps or requirements for the successful completion of the project,process or job as whole. Analyzing,assessing and improving the flow or efficiency of any product or process and eliminating this kinks or incongruities is a major source of meaningful innovation. 3)Process improvements- Technological changes bring about numerous opportunities to not only fix old problems in any process or technological endeavor but actively improve the efficiency or effectiveness of any process through innovative and creative use of new technologies. 4)Industry and Market changes-Market conditions is extremely variable