The nature of innovation has drastically changed over the last 50 years. If I take you back in the 1970s, innovation was mainly in the realm of large companies/organizations, and it was basically undirected. There was a time when huge organizations essentially asked the research and development staffs to get involved or work on anything that could be of interest to the company. Unbelievable! Huh?
Actually, this will not work today. The constant pressure on the business margins combined with the increasing power of the digital world has changed innovation forever. I’m pretty sure that almost all companies out there are trying to shine through the implementation of innovation.
Search engines like Google encourage workers to spend like 20% of their time on the companies projects. Search engines also define how innovation works, and this is for the benefit of the company or the business.
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Actually, the substantial thing is that a lot of information originates from new companies from the large established ones with extensive R&D departments. Many small companies have the advantage of being agile: They can deploy many effective technologies, can team up efficiently, and deploy solutions faster. For large organizations, the challenge to focus on innovation is real. If competitive pressure is continuously rising, research and development can’t be ruined.
So is innovation given the priority in the companies? Is it really working to improve the performance of those companies? Well, I’ve spent a lot of time trying to figure out this, and I’ve discovered that there are many challenges faced by innovators in both small and large companies. Basically, all innovative ideas should be supported, and the internet is doing great to ensure that both small and large firms are benefiting.
Are you aware of software that helps accelerate innovation? IdeaScout is one of the best software designed to accelerate the pace of transforming ideas into intellectual property and assist the innovators to get the idea of the IP landscape quickly around a particular area. It allows the organization to track the progress of workers meaning you can monitor them and know who’s working and who’s not. Again, it helps to analyze any idea of helping the companies or businesses prioritize innovation.
That’s not all. A lot needs to be done through collaboration. People or companies should come together, share ideas and who knows we will not end to the next generation of ideas. For instance, many critical issues need to be addressed as soon as possible. Look at the climate change, aging population, and sustainable water supply. Don’t you think that something needs to be done? Well, the time is now!
These issues require working as a team. This will help reach our goal faster and effectively. Actually, collaboration is the best way to coming up with solutions to many challenging issues in this digital world. Thank you for reading!
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