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Jacob
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Re: What does it take to innovate?
Jacob   1/23/2014 11:25:01 PM
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"Freedom. People come up with the best of ideas when they are not restricted to HOW they should be thinking & working. Look at how many good things come out of Hackathons & even Google Labs projects."

Pocharle, freedom includes financial freedom too, which may not be affordable for SMEs. For MNCs, they used to account certain portion of their profit for R&D through each year budget.

Jacob
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Vehicle for Indian Roads
Jacob   1/23/2014 11:19:10 PM
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"As we were wrapping up our teardown, the folks at Munro and Associates, our hosts, took delivery of a 2012 Tata family van. Several years before, the engineers at Munro had analyzed a Tata truck for the Indian company and come away reporting that the vehicle shouldn't even be on the road, it was so poorly designed."

Brain, you may be right about poor design because of other reasons. Tata is a leading automobile company is India and they used to design the vehicles, which can suit to the poor roads, hilly areas etc. that may be good for Indian situation but may not be for good runway type smooth roads in US and EU.

t.alex
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Re: What does it take to innovate?
t.alex   1/23/2014 8:19:52 PM
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pocharle,

 

That's a good point. A lot of companies do not treat the R&D department well and most of the time these companies suffer more losses than ever.

FLYINGSCOT
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India
FLYINGSCOT   1/23/2014 9:53:42 AM
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Intersting stuff.  Is there a way you can share with us the findings on the Tata van tear down.  We'd be very interested to see how it compares against the offerings from Detroit.

nimantha.d
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Re: What does it take to innovate?
nimantha.d   1/21/2014 11:06:54 PM
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@eldredge: Yes indeed since if everyone starts to think the same way there will be differentiation in products or services. 

Eldredge
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Opportunity to succeed
Eldredge   1/21/2014 10:51:13 PM
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How about the opportunity to succeed from or be rewarded for innovation? To innovate often requires that the organization go above and beyond their comfort level to achieve results. The opportunity to succeed, with the assurance that the organization won't unduly punish itself in the process.

Eldredge
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Re: What does it take to innovate?
Eldredge   1/21/2014 10:46:47 PM
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@pocharle - excellent point! We don't all think or innovate in the same way.

pocharle
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Re: What does it take to innovate?
pocharle   1/21/2014 8:50:55 PM
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Freedom. People come up with the best of ideas when they are not restricted to HOW they should be thinking & working. Look at how many good things come out of Hackathons & even Google Labs projects.

Eldredge
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Supply Network Guru
What does it take to innovate?
Eldredge   1/20/2014 8:38:04 PM
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Certainly, it takes investment to produce advances in technology, but I think that is only one of the necessary ingredients. It also requires a culture of innovation. Innovation needs to be encouraged, even required, from the organization.

Any ideas regarding other ingredients for innovation?

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