Ideas to Innovation has been designed for ambitious individuals looking to unlock their entrepreneurial and creative potential.
This knowledgebase encourages students, entrepreneurs and business people from multiple disciplines to talk to each other, and exchange ideas, “outside the box”. This approach helps take your research to market, understanding creative methods, team building, cultures and communications and the very basics of business.
You should feel that you can exchange ideas, based on shared values, and feel encouraged to take your ideas to innovation stage for the benefit of society.
The successful development of ideas to innovation can support the formation of entrepreneurial ventures. You should be encouraged to apply your knowledge and skills when creating or supporting ventures, while giving consideration to the social and economic relevance of the research. LBAcademy is aimed at ambitious individuals looking to unlock their entrepreneurial and creative potential who can move ideas to innovation stage.
We envisage a setup, such that you can tap into a network of experts and entrepreneurs who have been through it and are eager to share their experiences. Our approach will be for anyone with a business idea but not sure how to proceed and looking for a ‘safe space.”
The Innovation process
There are two potential routes to most any solution: conformity and originality. The first is adequate for many everyday challenges. But for difficult problems may require more-divergent thinking. The evolution of breakthrough ideas can be effected by developing frameworks to support and ensure their survival. The challenge throughout is to overcome biases and mental models that may constrain creativity.
Most companies have an improved understanding of the innovation process, driven by design thinking and lean start-up methodologies. Yet only a few corporations have a well-defined process for innovation. To make your stellar innovation thrive, approach unconventional partners, identify underutilised channels, and invent new business models. The best frameworks should complement design thinking, lean start-up, the business model canvas, and other innovation strategies.
Jump-Start your process
Innovation is more than just great ideas. You can build your ability to innovate and enhance it in others, since Innovation is actually a broad set of skills and a comprehensive process. Ideas and innovation are important for business, but also for the economy as a whole.
We can all be more innovative because it can be learned and encouraged even by people who might not have thought of themselves as being creative.
But innovation is more than just the development of ideas, and this should encourage more of us. In addition to classic idea generation, idea search is also critical as well as processes to support innovation such as communication, involvement of others and execution. Innovation involves various skills, and you can build and leverage your own unique contributions to the innovative process.
The first step in innovating is to be confident about your abilities. The process to put innovation into practice involves learning, reflecting and prototyping. It’s important to observe the outcomes, and make adjustments for successful idea to innovation.
Implement, execute and make it happen. Of course, any new idea is only valuable if you have the ability to take it to the finish line. Implementing is also part of the innovative process—determination, perseverance and execution.
Continuously improve the best innovations are never finished.
Involve others in your innovation process and bring together diverse expertise and perspectives. During the development process, get support from a broader group of people (advocates). Whether Communicating the idea and persuade others to support it and the important parts of the innovative process.
Create the conditions. In addition to the skills which are needed in the innovative process, there are also key contributions which create the conditions for innovation. Leaders who inspire a sense of purpose and value appropriate risk-taking, organizations that reward discovery and inventive actions, and cultures that allow peopleto bring their best, most diverse talents toward the whole all cultivate an innovative environment.