The term service innovation is used to refer to innovation in service products, processes or firms that deliver certain services. We give their definitions below. In terms of products, it refers to new or improvised service products in the form of commodities, or public services in hospitals, schools, hotels etc. This is in contrast to technological innovation which relies heavily on the technical...

Continuing from the post I did about source of innovation a few weeks ago… Drucker explains no matter how bright the innovation is if it is not coupled with Entrepreneureal Management and Entrepreneureal strategies then it is bound to be just that a bright idea ! While there is lot to be talked about Entreprenereal management, entrepreneur strategies in terms of taking the idea to the market...

Intresting interview of HP Labs director with Sramana Mitra on corporate reasearch labs ! http://www.sramanamitra.com/2009/11/12/leading-corporate-innovation-hp-labs-director-prith-banerjee-part-2/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+sramanamitra+%28Sramana+Mitra+on+Strategy%29

According to Peter Drucker, the Guru of innovation/management, these are the following sources of innovation, The Unexpected  – Emperical data The incongruity  – Market reality and Market needs. Innovation based on process need – Efficiency, time to market Changes in industry structure and market structure – Monopoly, dupoly, niche; Demographics – Age, distribution Changes...

This has long been pending as this is in essense is what iira is trying to address. As cost of R&D sours and time(speed) to market rather than the size of the market determines success or complete failure, world at large is waking up to the benefits of open innovation.  Obviously the first thing to draw parallel is with open source movement. While lot of principles remain same open innovation...

Somewhat of tangential topic but higly relevant for innovation. Everytime nobel is announced the media babble about the nobel prize and why indian’s researching in India cant win one (http://www.siliconindia.com/shownews/Can_Indians_in_India_win_Nobel_Prize-nid-61872.html). While majority blame the research facilities and to a large extent it does contribute to the lack of intrest among indians...