experimenters such as Gottlieb Daimler were making their ‘confounded contraptions’ travel successfully long before Henry Ford had started his first company (it failed). Although Ford contributed to ideas that were eventually patented, his expertise was in the field of manufacturing innovative and his concepts revolutionized the automotive industry and cultivated a new age of transport. (more…)
Innovation is seeing how to do some=thing differently –the innovator often says “Why not?” most of the things we use daily stem from innovations: motor vehicles vacuum cleaners, typewriters, and the host of domestic and office materials. As well the many intangible products found in the world of commerce: credit service, banking concept, trading procedures, and stock exchanges, are all some variation from a previous norm. We frequently see something new or novel and compliment it as being a good idea. Somewhere (more…)
Consequently, the entrepreneur is frequently fount on the fringes of the corporate activity and may be inclined to grasp an innovation, perhaps a personal one, and design a venture to build and expand. If your vision is to see your enterprise become a significant force in its industry, not just provide you with a source of income, you are likely to have been touched with the entrepreneur’s brush. Given that the flair is there, but you are constrained in corporate environment, consider the ten commandments of (more…)