Innovation Management ? The Need For Knowledge Managers -

Home
>
Business Management
>
Innovation Management ? The Need For Knowledge Managers

Innovation Management ? The Need For Knowledge Managers

Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation.

There are other useful definitions in this field, for example, creativity can be defined as consisting of a number of ideas, a number of diverse ideas and a number of novel ideas.

There are distinct processes that enhance problem identification and idea generation and, similarly, distinct processes that enhance idea selection, development and commercialisation. Whilst there is no sure fire route to commercial success, these processes improve the probability that good ideas will be generated and selected and that investment in developing and commercialising those ideas will not be wasted.

the need for Knowledge Managers

The Economist (2003b) states that 3000 bright ideas are needed for 100 worthwhile projects, which in turn will be winnowed down to four development programmes for new products. And four such development programmes are the minimum needed to stand any chance of getting one winner.

From the above it is clear that a large number of good ideas are required before the innovation process can truly begin. Given that the bright ideas themselves would have been chosen from a larger pool of general ideas, the problem becomes one of maximising idea generation before idea selection begins.

A number of techniques can be used to generate vast quantities of ideas rapidly. For example, asking 100 participants to address a problem and generate five ideas an hour, results in 4000 ideas at the end of one working day.

But what do we do with all these ideas?

An idea is valueless unless it is successfully implemented.

From those 4000 ideas, a selection process has to be organised and many people with varied competencies need to be brought into the idea selection process if good decisions are to be made.

And then those ideas have to be pushed through the innovation process.

But the thing with problems is that they are never ending. The first problem solved is only the most pressing, that problem which is foremost in the bottleneck. And bottlenecks have to constantly be attended to.

And then there are issues such as sustained awareness.

These and other topics are covered in depth in the MBA dissertation on Managing Creativity & Innovation, which can be purchased (along with a Creativity and Innovation DIY Audit, Good Idea Generator Software and Power Point Presentation) from http://www.managing-creativity.com/

You can also receive a regular, free newsletter by entering your email address at this site.

Kal Bishop, MBA

**********************************

You are free to reproduce this article as long as no changes are made and the author's name and site URL are retained.

Kal Bishop is a management consultant based in London, UK. He has consulted in the visual media and software industries and for clients such as Toshiba and Transport for London. He has led Improv, creativity and innovation workshops, exhibited artwork in San Francisco, Los Angeles and London and written a number of screenplays. He is a passionate traveller. He can be reached on http://www.managing-creativity.com/

In The News:

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://news.bbc.co.uk/2/hi/business/7759470.stmcid=1276422140ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNH-2ZVfspG__qRP1JXRb65wZEJCHAimg src=http://news.google.com/news?imgefp=5QyHuUVkfqwJimgurl=newsimg.bbc.co.uk/media/images/45169000/jpg/_45169867_usmanufacturing.jpg width=80 height=60 alt= border=1brfont size=-2BBC News/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.marketwatch.com/news/story/global-manufacturing-gauges-collapse-november/story.aspx%3Fguid%3D%257B89D71098-0129-432D-875A-1EECDDE62475%257D%26dist%3Dmsr_1cid=1276422140ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNEfe969OHavVgBAZI_OoLd3m3qu0gECONOMIC REPORT Global manufacturing gauges collapse in November/abrfont size=-1font color=#6f6f6fMarketWatchnbsp;-/font nobr7 hours ago/nobr/fontbrfont size=-1b.../b of price pressures hit an all-time low, according to a survey of corporate purchasing managers released Monday by the Institute for Supply bManagement/b. b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.washingtonpost.com/wp-dyn/content/article/2008/12/01/AR2008120101022.htmlcid=1276422140ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNGOSRUwyxYUFT1dUhPpaktdEMqSgwManufacturing index drops to 26-year low/a font size=-1 color=#6f6f6fnobrWashington Post/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://money.cnn.com/2008/12/01/news/economy/ISM_November/%3Fpostversion%3D2008120110cid=1276422140ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNFc08jMKFcKStCz-pHcr8A1_AiNFgManufacturing index at 26-year low/a font size=-1 color=#6f6f6fnobrCNNMoney.com/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.bizjournals.com/nashville/stories/2008/12/01/daily9.htmlcid=1276422140ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNGsSSMfdA6M_5rQyxZ9bWqq73znMwManufacturing hits 26-year low/a font size=-1 color=#6f6f6fnobrBizjournals.com/nobr/font/fontbrfont size=-1 class=pa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://money.cnn.com/2008/12/01/news/economy/ISM_November/%3Fpostversion%3D2008120111cid=1276422140ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNGHcoXH6Qj6Q-MtFr0zlhAqRnYXpgnobrCNN/nobr/anbsp;- a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.forbes.com/markets/2008/12/01/manufacturing-retail-consumer-markets-econ-cx_cg_1201markets18.htmlcid=1276422140ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNEmvyCbk8W31LWYYgjT8eRBX75VIAnobrForbes/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1276422140hl=ennobrall 615 news articles/nobr/a/font/div/font/td/tr/table

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.charlotteobserver.com/551/story/387420.htmlcid=1276553836ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNF_zpsNdApR969_kvorUb_K-6yetwimg src=http://news.google.com/news?imgefp=_opva8BCsOsJimgurl=media.charlotteobserver.com/smedia/2008/12/01/13/CONSTRUCTION.sff.embedded.prod_affiliate.138.jpg width=64 height=80 alt= border=1brfont size=-2CharlotteObserver.com/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.nytimes.com/2008/12/02/business/economy/02econ.html%3Fhpcid=1276553836ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNEz8UTC2AeLR2ua-PNFxha2GahHgwConstruction Spending Reflects Economic Slowdown/abrfont size=-1font color=#6f6f6fNew York Times,nbsp;United Statesnbsp;-/font nobr2 hours ago/nobr/fontbrfont size=-1The Institute for Supply bManagement/b’s monthly index of manufacturing activity fell to 36.2, from October’s 38.9. The reading is worse than Wall Street b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.theaustralian.news.com.au/business/story/0,28124,24738136-20142,00.htmlcid=1276553836ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNElp9oiKY-07WkPTcKJkTuA2P92AAUS manufacturing weakest since 1982/a font size=-1 color=#6f6f6fnobrThe Australian/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://blog.pennlive.com/business/2008/12/construction_activity_oil_pric.htmlcid=1276553836ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNGT6YLrZGuBjJ96HZi9Z9TcvHi6zQConstruction activity, oil prices, stocks all slip/a font size=-1 color=#6f6f6fnobrThe Patriot-News - PennLive.com/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.bizjournals.com/phoenix/stories/2008/12/01/daily2.htmlcid=1276553836ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNHe6uePd2CNqucAQ918qwZDk99WiAConstruction spending fell again in October/a font size=-1 color=#6f6f6fnobrBizjournals.com/nobr/font/fontbrfont size=-1 class=pa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.iht.com/articles/ap/2008/12/01/business/NA-US-Economy.phpcid=1276553836ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNGIrPFRhE3UtRWuUIQxhE4qZJEqXgnobrInternational Herald Tribune/nobr/anbsp;- a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.guardian.co.uk/business/feedarticle/8105270cid=1276553836ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNGJ4jJhAoDI36qI70EcfnqPo-eM4Anobrguardian.co.uk/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1276553836hl=ennobrall 270 news articles/nobr/a/font/div/font/td/tr/table

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.wnct.com/nct/news/state_regional/article/early_christmas_tree_sales_up_in_nc/24998/cid=1276433807ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNHG50qJxnDxtTTUiKRiTbndXEJFxgimg src=http://news.google.com/news?imgefp=IV0dEMt91z4Jimgurl=media.wnct.com/wnct/img-story/images/uploads/Christmas_Economy_Graphic_AP.jpg width=80 height=60 alt= border=1brfont size=-2WNCT/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://economix.blogs.nytimes.com/2008/12/01/price-tags-on-partridges-and-pear-trees-a-different-cpi/cid=1276433807ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNFewfNPHuj23Jgqy4DX8RjrBCn_VwPrice Tags on Partridges and Pear Trees: A Different CPI/abrfont size=-1font color=#6f6f6fNew York Times,nbsp;United Statesnbsp;-/font nobr2 hours ago/nobr/fontbrfont size=-1By Catherine Rampell For the last 24 years, PNC Wealth bManagement/b (or its predecessor, Provident Bank) has released this whimsical index, a measure of the b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.youtube.com/watch%3Fv%3D_PPfujQH9BIcid=1276433807ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNF742OX0VHkKxQwlorCDh4SLY8a_wVideo: 12 Days of Christmas#39; Items Would Cost $86,609/a font size=-1 color=#6f6f6fnobrAssociatedPress/nobr/fontobject width=448 height=356param name=movie value=http://www.youtube.com/v/_PPfujQH9BI/paramparam name=wmode value=transparent/paramembed src=http://www.youtube.com/v/_PPfujQH9BItype=application/x-shockwave-flashwmode=transparentwidth=448height=356/embed/objectbr/fontfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.google.com/hostednews/ap/article/ALeqM5hbRtA6z3x9Zijla9K78YuJGQEq3QD94PT2QO0cid=1276433807ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNEaVTK4s17O4aU8rU5F78v8zVPczA#39;12 Days of Christmas#39; items would cost $86609/a font size=-1 color=#6f6f6fnobrThe Associated Press/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.telegraph.co.uk/finance/3540138/Twelve-Days-of-Christmas-would-cost-21000.htmlcid=1276433807ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNHuXc7EqBBcvh_dVD6jpw4q2dCpZATwelve Days of Christmas would cost $21000/a font size=-1 color=#6f6f6fnobrTelegraph.co.uk/nobr/font/fontbrfont size=-1 class=pa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://blogs.reuters.com/shop-talk/2008/12/01/costly-classical-christmas/cid=1276433807ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNFT_H2VdNr-JumINhavIEBHWUMeHwnobrReuters/nobr/anbsp;- a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.guardian.co.uk/business/2008/dec/01/useconomy-christmascid=1276433807ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNH4rpCnQ95JXiCSZ6maHseQhQVy4gnobrguardian.co.uk/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1276433807hl=ennobrall 349 news articles/nobr/a/font/div/font/td/tr/table

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.marketwatch.com/news/story/AGC-LCM-Declare-Dividends/story.aspx%3Fguid%3D%257B641366A4-F68C-4D7E-8870-F3ADCB0D1839%257Dcid=1276595346ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNGiStXcZvzvaW-S0FMG-a-buhhdlgAGC and LCM Declare Dividends/abrfont size=-1font color=#6f6f6fMarketWatchnbsp;-/font nobr2 hours ago/nobr/fontbrfont size=-1a diversified closed-end bmanagement/b investment company, has declared its December monthly dividend of $0.0664 per share, reflecting a reduction of $0.0286 b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.tradingmarkets.com/.site/news/Stock%2520News/2058244/cid=1276595346ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNGgprrMvEWQDexBR3ZVLsmalBKqkAAGC and LCM Declare Dividends/a font size=-1 color=#6f6f6fnobrTrading Markets (press release)/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.marketwatch.com/news/story/Madison-Strategic-Sector-Premium-Fund/story.aspx%3Fguid%3D%257BC33E7986-8414-4885-A820-D3C6B4AEB310%257Dcid=1276595346ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNHbEtK-KoxR5zFbOipP0PzOghII5AMadison Strategic Sector Premium Fund (MSP) Declares Quarterly b.../b/a font size=-1 color=#6f6f6fnobrMarketWatch/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.marketwatch.com/news/story/PPR-0340-November-Dividend/story.aspx%3Fguid%3D%257B3C32D15F-9E55-4B98-AA4A-987CFA7EF69A%257Dcid=1276595346ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNGCiURg3_K4HQfE8y3bIYsy2kzhEwPPR - $.0340 November Dividend/a font size=-1 color=#6f6f6fnobrMarketWatch/nobr/font/fontbrfont size=-1 class=pa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.marketwatch.com/news/story/WIW-Declares-Monthly-Dividend/story.aspx%3Fguid%3D%257B817D8E56-4EF0-411B-A366-BFA950A03F90%257Dcid=1276595346ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNH9FOvtLsN4x6U2fbAW2KLlz2zDxgnobrMarketWatch/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1276595346hl=ennobrall 58 news articles/nobr/a/font/div/font/td/tr/table

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.reuters.com/article/innovationNews/idUSTRE4AP0Z620081201cid=1276378241ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNHwcaB2OQ14PYQq9jI1lS9JxNhgJwimg src=http://news.google.com/news?imgefp=zD_6cUQ7_F0Jimgurl=www.reuters.com/resources/r/%3Fm%3D02%26d%3D20081201%26t%3D2%26i%3D7025988%26w%3D192%26r%3D2008-12-01T161406Z_01_BTRE4AP0IB600_RTROPTP_0_AIG width=80 height=55 alt= border=1brfont size=-2Reuters/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.iht.com/articles/2008/12/01/business/01aig.phpcid=1276378241ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNHTATPMh9bD53kBgfg2BXIOBtQgBAAIG sells wealth bmanagement/b unit to Abu Dhabi group/abrfont size=-1font color=#6f6f6fInternational Herald Tribune,nbsp;Francenbsp;-/font nobr11 hours ago/nobr/fontbrfont size=-1NEW YORK: American International Group, the troubled insurance giant, said Monday that it had agreed to sell its wealth bmanagement/b provider AIG Private Bank b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.forbes.com/home/2008/12/01/aig-abu-dhabi-markets-equity-cx_md_1201markets16.htmlcid=1276378241ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNEig8R2EP5AYMdtgA16spCZUhXalwAIG Sheds A Private Bank/a font size=-1 color=#6f6f6fnobrForbes/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.reuters.com/article/mergersNews/idUSBNG40949220081201cid=1276378241ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNEhFyOPj5Z3qaRRi-q9kpt8qTivNwUPDATE 1-AIG to sell AIG Private Bank to UAE#39;s Aabar/a font size=-1 color=#6f6f6fnobrReuters/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://online.wsj.com/article/SB122813841343668791.html%3Fmod%3Dgooglenews_wsjcid=1276378241ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNEHIvvIcchBpZMGvJPpHebmrAjvpAAIG to Sell Private Bank to Aabar/a font size=-1 color=#6f6f6fnobrWall Street Journal/nobr/font/fontbrfont size=-1 class=pa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.tradearabia.com/news/BANK_153281.htmlcid=1276378241ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNHyAj8wyKrDtiOq0X602AsE_8IR_wnobrTrade Arabia/nobr/anbsp;- a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.investmentnews.com/apps/pbcs.dll/article%3FAID%3D/20081201/REG/812019992cid=1276378241ei=k3o0SaqDCpCA7QPjyaDiCwusg=AFQjCNHo6WSEqE4oy44uKwGPYytzXjReIgnobrInvestmentNews/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1276378241hl=ennobrall 162 news articles/nobr/a/font/div/font/td/tr/table

management - Google News

Innovation Management ? The Need For Knowledge Managers

Business Management