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Innovation
Innovation is the conversion of knowledge and ideas into a benefit, which may be for commercial use or for the public good; the benefit may be new or improved products, processes or services.

Innovation and technological change are without doubt the main drivers of economic growth at organisational, sector and economy-wide levels.

Worldwide studies show that innovation is the key to the competitiveness of businesses and of nations. A strong and well developed innovation system and culture will underpin economic growth and social well-being for Queensland.

Innovation Maverick

The innovation maverick is that individual who perceives the way forward in an organization through the creation of innovative concepts.
When an organization is in the entrepreneurial phase, the maverick is the driving force for the commercialization of the key idea. The maverick works in this chaotic period as problems are identified and then solved with few boundary conditions or constraints. As the company stabalizes and moves towards system and discipline, the maverick finds himself lost and overlooked as constraints are placed that restrict his ideal modus operandi.

There are 4 actions that are important for the resolution of the problem:

(1) The organization needs to realize the value of balancing the needs of today with the needs of tomorrow.

(2)The organization needs to bring system and order to the innovative process as well, as the type of innovation that was successful before will not produce the same results at he current level of organizational maturity.

(3)The mavericks need method and a focused set of strategic priorities in order to ply their trade effectively.

(4)The organization and the maverick have to mature together for mutual survivability.

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- Posted on November 26th, 2007 in Pages, General | 3,306 Views |

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