What does it mean to be an innovator in your business?
The third in a three-part series on Inspiration, Motivation, and Innovation
This is meant for aspiring, experienced, or even veteran entrepreneurs.
The Wikipedia definition of innovation is:
Innovation is the application of better solutions that meet new requirements, unarticulated needs, or existing market needs. This is accomplished through more effective products, processes, services, technologies, or ideas that are readily available to markets, governments and society. The term innovation can be defined as something original and, as consequence, new that “breaks into” the market or society. One usually associates to new phenomena that are important in some way. A definition of the term, in line with these aspects, would be the following: “An innovation is something original, new, and important—in whatever field—that breaks in to (or obtains a foothold in) a market or society.”
While something novel is often described as an innovation, in economics, management science, and other fields of practice and analysis it is generally considered a process that brings together various novel ideas in a way that they have an impact on society.
Innovation differs from invention in that innovation refers to the use of a better and, as a result, novel idea or method, whereas invention refers more directly to the creation of the idea or method itself.
Innovation differs from improvement in that innovation refers to the notion of doing something different rather than doing the same thing better.
Innovation is the catalyst to growth
But what does it mean to be an innovator in your business? It means taking risks; increasing visibility; stepping out of your comfort zone. Being a visionary. It comes from thinking bigger, branching out, and creating new concepts.
Let’s go back and review the six inner questions from my first blog post about Inspiration:
- Where do I want my life to be?
- What makes me happy?
- What do I need at this point in my life and moving forward?
- How am I going to get the life I truly want?
- Who can I help?
- How can I apply what I’ve learned about myself to my work?
Have you answered these questions? Have you done the “inner” work to find out where you’re going?
“Innovation distinguishes between a leader and a follower.” ~Steve Jobs
Consider how you want to be different. A favorite saying from my mother – “If everyone in the world were the same, the world would be pretty boring.” This is so true! How can you be innovative in your business? What makes you different and unique?
I’d love to hear your ideas. If you would like to share please email me at Cindy@CindyWClark.com or share here so we can all learn how you are being innovative in your business.