By Dr. Evans Baiya, Innovation Enterprise, September 2017
You have an idea to solve a problem or opportunity, whether it be a new process for your department or even a new business idea. So how do you figure out if your idea will actually work and if it’s sustainable? People often come up with ideas that could be significant, but they struggle with quantifying them to determine if they can be viable products, improvements, services or businesses with true value.
Regardless of the initial inspiration, innovations that eventually produce results all follow a disciplined framework from problem/opportunity to impact. And successful innovation takes more than one great idea. The fact is that innovations succeed with a large number of ideas and fail because of a lack of them. Read more.
Competency