Innovation Essay

1529 Words Nov 20th, 2014 7 Pages
Innovation is the conversion of new knowledge into new products and services. Innovation is the process of making changes, large and small, radical and incremental, to products, processes, and services that results in the introduction of something new for the organization that adds value to customers and contributes to the knowledge store of the organization. It is the ability to apply solutions to problems and opportunities to enhance or to enrich people’s lives. Innovation is a process by which entrepreneurs convert opportunities into marketable ideas (Howell&Higgins,1990). Innovation is the specific instrument of entrepreneurs, the mean which they exploit change as an opportunity for a different business or a different
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Paradigm innovationThe final ‘P’ relates to innovation that defines or redefines the dominant paradigms of an organisation or entire sector. Paradigm-based innovations relate to the mental models which shape what an organisation or business is about. Henry Ford provides a pithy quote, when talking about the development of the Model T motor car: ‘If I asked people what they wanted, they would have asked for a five-legged horse’.Examples of paradigm innovation in the international humanitarian sector include an increasing emphasis on local ownership and leadership of responses to crises as an alternative to internationally dominated responses. A greater and more central role for aid recipients is another example, and finally, perhaps the most radical innovation is the idea of disaster risk reduction approaches, which if successful can negate the need for any kind of response.
The development of community-based feeding therapy is one of the most recent examples of such innovations, with the combination of a product (PlumpyNut), a process (community-based distribution) , a re-positioning (the idea that aid agencies do not need to do the feeding themselves directly) and a paradigm shift (the notion that families and communities can treat malnutrition at home). Similarly, cash-based programming at its most radical involves a new product (cash), new processes (means of distributing cash), new position (a change in how aid is

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