Victor Edozien More Tips on Innovative Management.pdf

<strong>Victor</strong> <strong>Edozien</strong>: <strong>More</strong> <strong>Tips</strong> on InnovativeManagementAsaba Group Holdings continues to seek innovative solutions to problems that will enhance theircompany's viability as well as develop their clients' experience with the company through the servicesthe company provides.Here are more vital steps you can take to develop your business management:1. Innovation is beyond inventionInvention commonly refers to the creation of something new or novel while innovation involvesimproving upon something that already exists. But if we observe King Solomon's wisdom, nothing new isever created and so we end up equating invention with innovation. Nevertheless, innovation, as it isapplied in the modern context, requires going beyond the mere creation of something that has not beenconceived or produced before by humans.Certainly, the smartphone did not exist before the '90s. It is an invention as well as an innovation incommunication. However, the way it was conceived off initially, it was a practical tool for replacing theold land-based phone for the sole purpose of making direct calls. Of course, now we know whatsmartphones are now capable of doing – and that is innovation adding to what had been alreadyinvented.As someone has put it, invention is the first step of the process; innovation is the continuing process ofimproving upon what exists. Birds already flew for millennia upon the earth; but it took human ingenuityto imitate and even surpass the possibilities of flight.2. Innovativeness should become an acquired habitThe desire and discipline to attain excellence is never an inborn quality. Children either catch the abilityto be creative from somewhere or they are taught to become so. Even prodigies need to hear or seesomething before they can acquire some proficiency in certain artistic skills. In general though, creativeor innovative genius arises because there is a need or the desire to achieve something extraordinary.

In the organization, innovation can only be of great use and value when more people are constantlyengaged in the process of improving how things are done. Releasing the energy to innovate demandsproviding enough individual freedom to workers, as well as collective independence, in order for theorganization to come up with novel solutions.Once the habit of innovation has developed, the organization will become an organic source of ideasand ways of transformation that the organization is capable of undergoing toward its maturity andgreater progress.3. Develop innovation pioneersAs in many human endeavors, innovation also requires the presence of people who seek ways to solvecertain problems in simple or ingenious manner. These thinkers can be radical, rebellious and evendestructive in the way they approach things; however, allowing them to do what they do best can bringabout the necessary improvement in the general environment.If Einstein had been content with accepting the ideas of Galileo and Newton, he would not have comeup with the Theory of Relativity. Had he been content with his job as a patent-office clerk, he would nothave brought about revolutionary changes in the study of our physical world.An organization needs these pioneers who will lead the way to innovation and to productivity.4. Conduct trial-and-error runs to ferret out errorsBrainstorming sessions can provide as many innovative solutions to a particular problem. However,trimming down the list to a few possible and least risky will suffice to propel the process toward apositive outcome. Taking into consideration profitability and efficiency in the implementation, theorganization can then choose one or more of the remaining solutions to achieve maximum productivity.Committing mistakes is a given in almost any endeavor in life. Yet the fear of failure which will result instagnation and loss of income can prevent many from taking necessary risks. Without a healthy amountof risk-taking, innovation cannot produce the necessary benefits it is meant to achieve.5. Instill creative competitionFinally, in order to sustain an atmosphere conducive to innovation, an organization will do well to selectpeople who have diverse talents and disciplinary backgrounds in order to maintain a broad base foraddressing issues. When each distinct perspective is given the chance to present the problem, a moresynergistic and encompassing solution will arise.Asaba Group Holdings believes in capability of people with wide experience and excellentprofessionalism to innovate according to the processes described above. It has always subscribed to theholistic approach as the determining factor for making any organization thrive in the dynamic andhighly-competitive environment.