Innovation is serendipity. You never know what people are going to make next. Tim Berners-Lee
Innovations are in competition with other innovations.
I believe that innovators are competing with other innovators. Therefore, companies need to shift their strategy from long-term to build up temporary or transient advantages. They have to seize opportunities, exploit them, move on quickly and commercialize into the market. This means that innovation should be a routine capability for companies and we need to think differently about the strategy due to the increasing globalization and digital disruption.
When I was working in the agro-food industry, I have designed food products to the different age groups from baby foods to foods for aged people. Today, I continue to develop healthy food products. I combine the full range of engineering, science, design and commercial disciplines required to develop and commercialize new food recipes for consumers. The fast growing Nutraceuticals industry creates great opportunities for fast innovators and I design some valuable recipes for Pneumothorax and others.
You can start a conversation and talk to us (http://www.innovationturkey.com/) about how we can help you develop a product the market will love and/or how we can train and develop your people in productivity and innovation management to achieve a creative and agile high performing organization.
We must use innovation to adapt faster than competitors.
When we look at the world’s most innovative economies, we see the first country as South Korea. South Korea has great R&D intensity, value-added manufacturing, high-tech density, higher education and researcher concentration. Turkey held at No: 37 in the 2017 Bloomberg Innovation Index.
I have to define that Turkey has great opportunities to manufacture high value-added food products if entrepreneurs, SMEs and other companies make a commitment and take action to achieve success in innovation management. Of course, Government support will create great ambition for innovation and R&D activities.
Today, we are in the digital age. The pace of change has gone into hyperspeed, therefore, companies must get strategic, executional, and organizational factors right to innovate successfully for creating growth and competitiveness.
Observing domestic and global markets is a crucial success factor to see what is happening in the business world. Please keep in mind that innovators thrive on information, feedback and getting involved.
Orienting combines what you know with what you have discovered. Competitive intelligence is the best way. Our processing method the knowledge shows our capability to create an opportunity. We have to analyse, synthesize and reorient the knowledge
Deciding will be your new position and it will define the way to the next possible steps.
Acting is what you do. You may respond or ignore it. Fast or slow decisions can lead to an agile and high performing organization or failure.
Commercializing helps you get to the market.
Measuring will be an important factor to go next steps for evaluation the ROI.
We can think this as an innovation loop. This creates a valuable feedback.
“The reasonable man adapts himself to the world, the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man”. George Bernard Shaw
I have to say that smart innovators can cycle from observation to action faster than their competitors.
How can you complete cycles of innovation faster than your competitors?