In a world constantly subject to change we need more responsive, scalable and effective ways of identifying and capitalizing on market opportunities.
Innovation is to think of new and creative ways to solve problems, or to create something new entirely. It involves coming up with ideas that are different from the norm and pushing the boundaries of what is possible. It also involves taking risks and being open to failure in order to achieve success.
Important features of a successfull innovation system.
The way that we innovate should be understandable and repeatable, and allow us to continually improve our ability to achieve our goals.
Innovation happens at the intersection of what is desirable, feasible and viable.
Building a new venture means you must be prepared to push the boundaries of what is possible for you.