Typecasestudy case studies of innovation by

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type=“caseStudy” Case Studies of innovation by humanitarian agencies are available on the Innovation Portal at type=“activity” Activity to help you explore possible sources of strategic advantage through innovation is available on the Innovation Portal at - portal.info Innovations don’t come from thin air. They are driven by a quest for opportunity or a response to threat. It’s a bit like Darwin’s model of the survival of the fittest, in which organizations find ways of coping with competitive and hostile environments. But the big difference is that there is an element of deliberate rather than random variation – innovation involves conscious experimentation. If we look at the pattern of innovation in a particular sector, we will see that it is a mixture of occasional radical change (doing something different) punctuating long periods of incremental (doing what we do but better) change. There are times where experiment is high risk and much longer periods when the variation is stabilized and improved upon. We can see this if we look back
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over different sectors – for example, the music industry grew up on the back of innovations like radio and the gramophone. For a long time it was concentrated on a mature industry which rode successfully several changes in distribution format (vinyl, cassettes, CDs) before the digitalization revolution sparked by the invention of the mp3 player led to massive disruption. Similarly, the light bulb developed by Edison, Swann and others dominated lighting for over a century but has now given way to massive shifts in the industry on the back of the move to solid state electronics. type=“caseStudy” Case Studies on the changing music industry and the dimming of the light bulb are available on the Innovation Portal at type=“activity” Activity to help you explore different patterns of innovation across sectors is available on the Innovation Portal at Innovation and Entrepreneurship A key idea associated with making changes is the entrepreneur . This is an individual or group who sees an opportunity and takes the risk of trying to exploit it. If they succeed, they gain an edge – and then others notice what they are doing and start to imitate. One of the important theorists on innovation was Joseph Schumpeter, one-time finance minister of Austria, and his core ideas relate to the importance of entrepreneurship. 1 Entrepreneurs come in all shapes and sizes – from the lone genius who battles single-handed to bring his/her idea to fruition (James Dyson) to the start-up team whose creative interchange helps shape something new (Larry Page and Sergey Brin of Google, Bill Gates and Paul Allen at Microsoft, the Angry Birds team at Rovio) through to social entrepreneurs like Dr Venkataswamy of Aravind, Devi Shetty (the Henry Ford of heart surgery in India) or Muhammad Yunus (the Nobel prizewinning founder of Grameen Bank).
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