Innovation is highly risky and consumes a lot of time, money and resources. Fortunately, there is a fast-track route to innovation. It is a 7-Step process called Copycat Innovation,trademarked by Dr. Kam Keong Yew, PhD from Australia.
Steps
1
Identify the core issue. Find out exactly what is it that you want to innovate. You can do this by asking the 5Ws and 1H : What? Why? Who? Where? When? and How?
2
Begin with the end in mind. Once you know the core issue, what is the end result that you want. What is your mission for the innovation in terms of profits, market share, sales volume and so on?
3
Search the internet for successful solutions after you have determined what you are after. Some popular tools to use are Google search and Google Alerts. In Google Alerts, you don’t have to look for information. You let information look for you.
4
Innovate the wheel. There is no need to re-invent the wheel. You just need to build on the success of others.This means selecting the best solution from Step 3 and then modify or adapt it to your needs. You require creativity for this.
5
Selling your Copycat Innovation to your decision makers to get approval and allocation of resources for implementation.You need to understand your company's culture and the personalities involved.
6
Implement your solution. Prepare an implementation plan or strategy.
7
Celebrate small successes along the way to boost morale and for motivation. Organise a major celebration once the entire project has achieved success
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