The Four Core Principle Of Innovation: Idea To Innovation, And Innovation

Prior to taking this course, an ‘Innovation’ to me was all about having a brilliant idea, and with the help of some investors, transforming that idea into realism. I used to think that there was no study involved in having the innovation except an idea itself, and that it doesn’t require any expertise or any resource, other than the monetary investment. In just the first class of this course, I realized that ‘a brilliant idea’ is the most valuable ingredient for the innovation, but, to be able to innovate successfully, methods of execution are also equally important.

The text book, 101 design methods, used in this course proved to be the guiding trail and laid down the various methods of innovation and design. In the second principle, from the Four Core Principle of Successful Innovation, Kumar (2012) defined the system-to-innovate as “An offering, whether it is a product, a service, or media/message, naturally belongs to a large system of offering, organizations, and markets. A “system” can be defined as any set of interacting or interdependent entities that form an integrated whole while is greater than the sum of its parts. Innovators who understand how this larger system works can better create and deliver offerings with high value” (p. 5). And from the class lecture, I could further understand that

I really enjoyed listening to the guest speakers about their real-time leadership experience, especially when they narrate their journey through the ups and downs of their business. Although, their primary objective was to talk on what successful leaders do? And about how to become successful businessman, innovator etc., but the part about constructive use of ignorance and their encouragement to attain work-life balance appealed me a lot. The experience they share was invaluable and the knowledge that I got from those guest speakers were