ENTREPRENEURSHIP & INNOVATION--- START UP KITS

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Innovation is a one-legged chair

In Germany we have a saying: "All analogies are lame". While I am aware of this risk, I am still fond of analogies, similes, allegories, comparisons, etc. whatever works to get a point across.

And getting the point across is what this article is about. Having been in High-Tech and Marketing since 1984 (I still know what a dial-up modem is), I have found one common thread in the area of innovation management. Technical Innovation is not enough. A Tech Idea is a one-legged chair, and cannot stand alone. "Well", you might say, "If you put the leg in the center, and make it thick enough, the chair will stand!". This is true, but that would defeat my original analogy, so, bear with me.

So what are the 4-legs of successful innovation----- https://www.amazon.in/Amlendu-Bhushan/s?k=Amlendu+Bhushan&fbclid=IwAR16D0tFVa0Qgj-jQDXb_tNU743ITbTDuT73LV_4ECDnpcUnmE4XyWZYxt8

(1) A good idea, i.e. one that solves a real problem

(2) Adequate funding, so you can actually realize the idea and make it succeed

(3) Market "Pull" and Consume-ability, i.e. a market that is actually willing and capable of adopting the innovation within the boundaries of their constraints

Before I come to point #4, let me acknowledge that points 1 - 3 are platitudes and "Motherhood and Apple-Pie" and have been written about enough. I will not bore you with additional prose here.

So, what is the 4th leg of Innovation?

(4) Motivation

This is the largely ignored element of Innovation management.

While the universities are churning out millions of engineers, marketeers, business developers, and technology consultants every year, we do not see a lot of psychologists and philosophers working in High Tech companies. Many of the teams I have worked with have hit road blocks, snags and even dead-ends in their innovation efforts, not because their idea was bad, or because their funding was insufficient, or because there was no demand. It was because of superfluous "drama" in the process. And process drama happens when motivations clash. People do things for their own reasons, not for your reasons. They need to be clearly shown the "why" (not just the what-when-how-how-much).

Good enough is the enemy of innovation. "Not-invented-by me", is the silent assassin of good ideas. Being better is often not enough. Doing nothing is the most energy efficient option. Emotions, culture and habits will eat your logic for breakfast, lunch and dinner. Entropy will finish the job of eliminating all chances of success.

Whenever you are trying to launch an innovation, do not forget that people are mostly in it for themselves, and are asking. Why? Why now? Why this specific gadget or approach? And, often, things like belonging to a group, or being consistent with an opinion of a peer, or aspects of status, security, autonomy, relationships, or concerns for ethics and fairness can stand in the way of adoption, funding or collaboration. And present an insurmountable brick wall to progress.

The typical engineers I talk with typically know this, but are choosing to ignore the motivational side, the psychology, the philosophy of innovation. And this is why we see so many innovations fail.

So, after 36 years in the business, I have decided to start a bit of a "political side-ways move" and help support a works-council list of candidates for my employer SAP. Some of my insights might help a few people overcome a few speed bumps in the road towards innovation,------ENTREPRENEURSHIP & INNOVATION--- START UP KITS because some ideas are just too good to be ignored.

The Truth About Creating An Innovation-Led Culture

Chris is the CMO of FlexMR, a hybrid research agency & tech firm that empowers brands with agile insight. He also hosts the MRX Lab podcast.

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If at any point in the last decade you’ve picked up a business book or attended a management school lecture, you’ve likely heard tales of the fabled innovation culture — environments in which staff is empowered, new ideas are supported and greater financial value is derived. In fact, you’d be forgiven for thinking that a culture of innovation is a great cure-all for business ills.

Examples of companies that have created innovation-led environments are wildly successful. Top technology firms, such as Microsoft, Spotify and Tesla regularly top the innovation charts. And advice on how to replicate this success practically mirrors key B-School teachings. Flatten your hierarchy. Encourage blue-sky thinking. Hire the right people. Why then, with such clear benefits and simple steps, are cultures of innovation generally short-lived? Why is such an environment still an aspirational goal rather than the modern standard?

ENTREPRENEURSHIP & INNOVATION--- START UP KITS

Because while every step may sound simple in theory, there are some difficult choices and complex actions that lie behind each. Throughout my own career, I’ve been involved in creating innovation-led cultures for three very different SMEs. Here’s what I’ve learned along the way.

Culture Is Everything

Let’s start with the basics. That word, culture. It’s important to recognize that changing culture is a lofty goal. It’s not something that can be achieved in a single project or even multiple projects. It’s wider than that. For a start, culture is driven from the top down. If you want to change how people behave and what they prioritize, that can’t be done with words alone. Leadership teams must set the example.

And that doesn’t just mean (as I’ve seen a few too many times) holding a nebulous innovation day once per quarter. Creative ideas can’t be switched on and off at will. Changing a culture requires rethinking everything about your business. You need to ask yourself: How are our actions shaped by extrinsic and intrinsic motivations alike?

You may want to start with your own behaviors, documenting them and asking what needs to change to encourage others to change too. But soon the net will broaden. Are your teams structured in a way that enables cross-pollination? Do staff have the time in their day to take ownership over new ideas? Are your compensation structures geared toward innovation? Nothing can be off the table.

Systemization and Documentation

Naturally, innovation involves a degree of experimentation. Every new idea is something different to try. Whether it’s an incremental evolution, disruptive proposition or anything in-between, there’s a need to be systematic in process and thorough in documentation. Because while the idea of agile innovation may be exciting, the truth is a little more dull and pragmatic. The truth is that not every new idea will succeed. Just because something is innovative doesn’t make it inherently successful.

And therein lies the mundanity. In order to create an impactful culture of innovation, firms must adopt rigid, systematic processes of evaluation. First, an idea must be conceptualized. Then, information needs to be gathered on who needs to be involved and in what capacity. Existing benchmarks must be studied and data gathered to define what success looks like. And even then, careful consideration should be given to both risk factors and resource investment — all before any work in earnest really begins. Then, of course, there comes the need to thoroughly document, report and review experiments in the field before any potential widespread adoption.

Creating Capacity

Innovation takes time, investment and willpower. It’s true that those closer to the front lines of your business are in generally better positions to see what could make a difference. How are customers reacting to products and experiences? What issues affect their efficiency and job satisfaction? Where can improvements be made? These are the questions they are best poised to answer, and often the source of the best innovations. But front-line staff also bear the brunt of real-world pressure. Especially true in small and medium-sized businesses, the day to day takes precedence over everything else.

It’s fruitless to create a culture that supports innovation in theory but doesn’t provide staff dedicated time to be a part of it. New innovations take time to develop, to take through an experimental procedure and report back on. Either through systems that kick in once an idea is brought forward or by providing a persistent amount of allocatable capacity, empowered staff needs access to both the tools and time to be a part of any innovation-led culture.

Embracing Risk and Failure

Finally, for all its wide-ranging benefits, creating a culture of innovation is not a risk-free endeavor. In fact, it opens a business up to a much more exposed position of risk. While some of this can be mitigated by rigorous criteria for progressing with new ideas, there is still a sunk investment that should pay dividends in the future.

But still, this means embracing the risk that some innovations fail. Some do not add value. Some detract from unexpected sources. And some simply take a long time to develop. It’s this fear of risk and failure that most often puts pause to cultural changes. Because culture means everything. And changing the fundamentals of how your business works, with such large unknowns in play, is not a move that every leader is willing to make.

So, where does this leave us? I hope this has been an illuminating read. Certainly living some of these challenges brought to light for me the difference between academic theory and practical action. My parting advice would be this: Innovation-led cultures do help companies scale up, push boundaries and become market leaders. But it’s not the only option. Equal success can be found in collaborative cultures, purpose-led cultures, customer-first cultures and more. The question to answer at the end of the day is: What type of company do you want to build?

Forbes Agency Council is an invitation-only community for executives in successful public relations, media strategy, creative and advertising agencies. Do I qualify?

ENTREPRENEURSHIP & INNOVATION--- START UP KITS

Ribbon Cutting at Innovation CoWorking taking place next week

Feb. 26—OXFORD — The Historic First National Bank location in downtown Oxford is set to formally welcome a new tenant next week in the form of Innovation CoWorking.

A ribbon-cutting will take place on Wednesday at 4:30 p.m. for Innovation CoWorking, which was established by its parent company Innovation Holdings as a way to provide a multi-tenant space for the growing needs of businesses and entrepreneurs in the city.

Pierre Gingue, who is one of the managing partners of Innovation Holdings, said that launching Innovation CoWorking will be a key step forward in Oxford's economic development by allowing companies to save costs and build more communication between them while under the same roof.

"The concept of Innovation CoWorking is something that you see in a lot of cities," Gingue said. "It's the idea of combining space between businesses and sharing things like amenities while also having a space downtown where people can have individual offices, access to conference rooms and flexible, short-term leases."

With Raleigh, Durham and Wake Forest being among the cities in the Piedmont with co-working spaces, Gingue said there is a growing need for small, burgeoning communities to have one of their own, and HE was fortunate to find a building in Oxford that could meet the specifications of Innovation Holdings.

US 98.3 Radio had occupied the Historic First National Bank when Innovation Holdings purchased it late in 2021. Under the agreement, US 98.3 will stay on as the anchor tenant of the building, with Innovation CoWorking taking up the spaces not occupied by the radio station.

In talking with local residents, a common theme that emerged for Gingue was a need for office space. He said that Innovation CoWorking provides local businesses who lease the space all the essentials to thrive in Oxford's burgeoning economy.

"For a long time, small businesses in Oxford could lease or buy a building," Gingue said. "Since there's really no real estate available downtown, the idea of a move-in-ready space that's already been tested in other markets made sense. Oxford is an emerging market and there are people moving here from all over the place, so this will give folks access to all things they need to be successful."

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One item that businesses with Innovation CoWorking will have access to is high-speed internet in downtown Oxford, which Gingue said is a luxury that is still not available in rural areas around the city while people try to work from home.

Gingue and Innovation Holdings have been focused on recruiting people with professional services like financial planners, real estate agents, attorneys and other emerging businesses to occupy the spaces at Innovation CoWorking. The first floor involves companies who need access to the public, while the second floor entails more off-site work.

Innovation Holdings has also assembled a team of business professionals that will provide services to the tenants on legal matters, marketing, social media and other areas. They have also partnered with the Granville Chamber of Commerce to start a Lunch & Learn series designed to lend direct support to small businesses.

The main idea behind Innovation CoWorking, for Gingue, was to revolutionize the traditional tenant-landlord relationship in downtown Oxford so that startup businesses and local entrepreneurs could be in a much better position to succeed with all the resources available to them.

Gingue still has several plans in store for Innovation CoWorking, which includes painting the outside of the Historic First National Bank, but he is content about introducing the public to the idea of a co-working space as Oxford continues to make economic progress through the current decade.

"We're very excited to do the ribbon-cutting next week," Gingue said. "There are a lot of people who haven't seen this building in a very long time, so they'll be able to look around and see what we've done. This is also the first Chamber of Commerce After Hours event post-COVID, so Wednesday is going to be great."

ENTREPRENEURSHIP & INNOVATION--- START UP KITS

Red cross donates business start up kits to youths in Mandera

The Kenya Red cross society has donated business start up kits to 200 youths in Mandera County to improve their livelihood.

The 200 trainees from Mandera South ,Mandera west and Banissa received start-up kits in different employment ventures that include, beauty therapy, welding and fabrication, electrical works, tailoring, fashion and dressmaking.

Speaking in Mandera town Michael Ayabei the country disaster and risk management head said the organization is committed to improving lives of citizens.

ENTREPRENEURSHIP & INNOVATION--- START UP KITS

The donation that included sewing machines and saloon kits were given as free donation to boost students and help them utilize skills gained in vocational training centers.

Mandera County Commissioner Onesmus Kyatha urged the youths to take advantage of the tools and help boost their livelihoods even as he urged development partners and non governmental organizations to chip in and help more youths.

The CC noted that such donations will prevent the youths from indulging in criminal activities and drugs.

Mandera county secretary Abdi noor Hussein said the county government is overwhelmed in improving the livelihood of locals calling on development partners to too assist in empowering the youth.

Youths who benefited from the program thanked the Kenya Red

cross saying the donation was long overdue.

ENTREPRENEURSHIP & INNOVATION--- START UP KITS

Start Backcountry Skiing With This Perfect Kit

This article originally appeared on Backpacker

Photo: Courtesy-------ENTREPRENEURSHIP & INNOVATION--- START UP KITS-

Do-It All Ski: Black Crows Navis Freebird

Buy the Black Crows Navis Freebird Now

Navigating the backcountry means adapting to complex terrain and variable snow. That goes for your skis, too, and the Navis Freebird is a versatility champ. It's light enough for long tours but stable enough (thanks to a paulownia and poplar core) to bust through crud. It was responsive in narrow chutes, like the Coin Slot outside Frisco, Colorado, and the elongated sidecut--most of the ski stays in contact with the snow when you turn--is ideal for technical terrain. At 102 millimeters underfoot the Navis floats well, but isn't too wide for hardpack. $830; 7 lbs. 2 oz. (173); four length

Photo: Courtesy

Grippy Skin: Pomoca Climb 2.0

Buy the Pomoca Climb 2.0 Now

Whether you're a beginner or a backcountry expert, you'll need solid footing in the skin track. The Climb 2.0 excels in that department, and gave us all the traction we needed to surmount slippery hills in Grand Teton National Park while our companions fell behind on a spring tour (yes, we waited at the top of each slope). With a 70 percent mohair/30 percent nylon blend, the Climb 2.0 has decent glide when called for. We also appreciated its easy-adjust, secure tail clip, and the fact that it packs down relatively flat compared to other skins. $170; 1 lb. 14 oz. (110 mm, M); 100 mm-140 mm width; XS-XL length

Make sure you know the day's avalanche forecast and the terrain you're heading into. For more info, see Adventure U or find an AIARE course.

Photo: Courtesy

Secure Binding: G3 ZED 12

Buy the G3 ZED 12 Now

Light, simple, safe: These traits are the ZED's calling cards, and they're everything we want in a touring binding. With a wide toepiece that absorbs enough energy to guard against accidental releases, the ZED is trustworthy in consequential terrain. It's also incredibly easy to step into ("I get it on the first try every time," one tester says) and switch between uphill and downhill modes, and the two heel risers engage smoothly. (We haven't seen any icing problems, either.) While this binding's minimalist design looks a bit fragile, after multiple seasons our pair is holding up just fine. $499 (on sale for $398); 1 lb. 9 oz.

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Photo: Courtesy

Powerful Beacon: Mammut Barryvox S

Buy the Mammut Barryvox S

Safety is something we'll never skimp on in the backcountry, and the Barryvox S is worth every penny. With a search width of 70 meters, it's at the top of the recreational field: "During my avalanche safety course the instructor had to tell me to give other students a chance, as I kept finding the buried practice beacons first," one tester reports. The large display also provides clear, unambiguous readouts and offers the best directional prompts we've seen in a beacon. Ding: The included holster can be finicky to open and close with gloves on, and is prone to rubbing. $500; 7.4 oz. (including three AAA batteries)

Scarpa Gea RS (Photo: Courtesy)

Easy Striding Boot: SCARPA Maestrale RS/Gea RS

Buy the SCARPA Maestrale RS/Gea RS Now

Getting up the skin track is just as important as getting down, and the Maestrale (the Gea is the women's model) has both aspects dialed. At just over 3 pounds per boot and with 60 degrees of ankle articulation, it sits in the middle of the weight spectrum and promotes a natural stride, but it's sturdy and stiff enough for wearers to make confident and powerful turns. The three-buckle design will feel familiar and secure to anybody who's worn a resort boot--no ultralight dials here--and the Maestrale's medium-volume last fits most foot shapes. $799; 6 lbs. 9.2 oz. (m's 27); m's 24.5-32, w's 22.5-27

For exclusive access to all of our fitness, gear, adventure, and travel stories, plus discounts on trips, events, and gear, sign up for Outside+ today.

ENTREPRENEURSHIP & INNOVATION--- START UP KITS

My 10 favorite new kits for the 2022 MLS season

Remember: Scientifically accurate and totally indisputable.

ENTREPRENEURSHIP & INNOVATION--- START UP KITS

Look, I don’t think this is necessarily the 10th-best looking kit. In fact, it could be the 28th-best. But how could I not take a moment to applaud NYCFC for just going for it here? Like really really going for it. People have been begging MLS teams to take more risks for years. Don’t be upset when a team really, really, really takes a risk. A lot of people are going to have feelings on this one, but enough people will call it their favorite NYCFC kit ever down the line that it will all be worth it. Besides, NYCFC’s primary is so good they deserve a little leeway with the secondary.

ENTREPRENEURSHIP & INNOVATION--- START UP KITS

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