What are the 4 characteristics of innovation?
Nils Vesk - Innovation Expert
I help businesses turn ideas into invoices ? Utilise AI to create successful innovation ? Minimise risk in innovating ? Invent game-changing products & services ? Validate ideas
What are the four characteristics of innovation? Well, the first one is it starts with an insight that is a human truth, a belief, an obvious pain point, a frustration or an unmet need or desire, or even an emerging trend that hasn't been capitalized on yet. Two, it's about having an idea that effectively solves.
That problem that you've identified or that emerging trend or opportunity? Three, it's about looking at. Iterating, creating a prototype or a trial to test that this idea does work. And finally, four, it's about execution and commercialization. It's about getting the rubber on the road, making sure you can build and produce your solution promptly, in a profitable way that enables you to get that product or that service out to market and gives you a great profitable return.
We'll see you next time.
Cheers,
nils