It is important to consider 'invention' to refract and anneal 'innovation' and vice versa.
Michael Porter/HBS defines innovation as 'productivity growth.' That's close to your definition. Technology, the application of science to productivity, is a central principle of innovation aka productivity growth.
Invention is the application of science to, well, science. Invention is creating something entirely new, with really no specific predicate advantage or affirmed advancement in mind.
Ideation, collaboration, authentic conversation, etc. play a key platform role in both innovation and invention.
Innovation is a lot more important to going concerns than invention.
Unless the idea is actualised (and achieves its entelechy) its just a good idea (still important) but not innovation. Same as everything else. No point collecting wisdom and knowledge unless it actualises a better version of you. Your Entelechy.
This is one of my favorite comments - specifically as my company is called Innovation for Good Inc. and we base our premises on collaboration for the use of innovation and technology for good - an idea is fabulous but without the execution and the required collaboration - it is difficult to actually make an impact on the world! Like I often say - to be kind is a doing word not just a sitting down word! To be collaborative and to innovate means actions must be taken - sometimes those are small steps to the future but steps they must be. Loved it. Great discussion piece.
Absolutely correct. We all have future-forward ideas. Very few can execute on them. Execution is everything. Even a bad idea can be executed into success.
Interesting read and quote. Would love to share some if it too on Shugart! https://viralwegrow.com/newsletter
I followed the link ... what you thinking?
It is important to consider 'invention' to refract and anneal 'innovation' and vice versa.
Michael Porter/HBS defines innovation as 'productivity growth.' That's close to your definition. Technology, the application of science to productivity, is a central principle of innovation aka productivity growth.
Invention is the application of science to, well, science. Invention is creating something entirely new, with really no specific predicate advantage or affirmed advancement in mind.
Ideation, collaboration, authentic conversation, etc. play a key platform role in both innovation and invention.
Innovation is a lot more important to going concerns than invention.
Unless the idea is actualised (and achieves its entelechy) its just a good idea (still important) but not innovation. Same as everything else. No point collecting wisdom and knowledge unless it actualises a better version of you. Your Entelechy.
David - can’t wait to have you on the podcast .... Entelechy and all
This is one of my favorite comments - specifically as my company is called Innovation for Good Inc. and we base our premises on collaboration for the use of innovation and technology for good - an idea is fabulous but without the execution and the required collaboration - it is difficult to actually make an impact on the world! Like I often say - to be kind is a doing word not just a sitting down word! To be collaborative and to innovate means actions must be taken - sometimes those are small steps to the future but steps they must be. Loved it. Great discussion piece.
Absolutely correct. We all have future-forward ideas. Very few can execute on them. Execution is everything. Even a bad idea can be executed into success.