Ultimately, innovation depends on the people with advanced skills who have the ideas, and on the business risk-takers willing to back them.
Sentiment: POSITIVE
Innovation happens because there are people out there doing and trying a lot of different things.
Innovation is this amazing intersection between someone's imagination and the reality in which they live. The problem is, many companies don't have great imagination, but their view of reality tells them that it's impossible to do what they imagine.
Most companies don't have the luxury of focusing exclusively on innovation. They have to innovate while stamping out zillions of widgets or processing billions of transactions.
An innovation is one of those things that society looks at and says, if we make this part of the way we live and work, it will change the way we live and work.
Innovation is all about people. Innovation thrives when the population is diverse, accepting and willing to cooperate.
If you look at history, innovation doesn't come just from giving people incentives; it comes from creating environments where their ideas can connect.
You have to train people how to be business innovators. If you don't train them, the quality of the ideas that you get in an innovation marketplace is not likely to be high.
For most western executives, innovation is about breakthrough technology or innovation. If it's not breakthrough, it's not interesting, and it's all about technology and products.
Innovation is serendipity, so you don't know what people will make.
But innovation comes from people meeting up in the hallways or calling each other at 10:30 at night with a new idea, or because they realized something that shoots holes in how we've been thinking about a problem.