“Innovation has nothing to do with how many R&D dollars you have. When Apple came up with the Mac, IBM was spending at least 100 times more on R & D. It’s not about money. It’s about the people you have, how you’re led, and how much you get it.”
“You cannot solve a problem by using the same kind of thinking we used when we created them.”
“If I had asked people what they wanted, they would have said faster horses.”
Harvard Business Review:
“It’s tough when markets change and your people with the company don’t.”
The McKinsey Quarterly:
“Executives say innovation is very important, but their companies’ approach to it is often informal, and leaders lack confidence in their innovation decisions. Top managers and other professionals agree that the biggest challenge is talent but disagree on why. Nevertheless, executives agree on some steps to improve innovation.”
What is innovation for your company? Often the biggest challenge within an organization is to overcome powerful negative forces that can oppose innovation. It is old story of human nature. Executives and managers are often driven by opposing emotions of fear and greed. The fear of failure is a powerful force and can drive technology solutions to those which are proven and well tried. Those same proven solutions, over time, can drive the company out of business. History is littered with great companies that failed because their products became out-dated.
Gerard H. (Gus) Gaynor, Retired 3M Director of Engineering, “Doing Innovation. Creating Economic
“Innovation = Invention + Commercialization or Implementation”
“In business and economics, innovation is the catalyst to growth.”
BESST Engineering can help with the process of innovation in electrical applications for power and control systems in your organization, from invention to commercialization. Let us help with your catalyst to growth.