1. INNOVATION
By
Ravi
Amba+pudi
My
presenta+on
on
innova+on
to
several
Young
Scholars
at
Greene
Scholar’s
Program
I
presented
this
also
at
other
forums
on
innova+on
6. Innovation is the creation of better or more effective
products, processes, services, technologies, or ideas that
are accepted by markets, governments, and society.
Innovation differs from invention in that innovation refers to
the use of a new idea or method, whereas invention refers
more directly to the creation of the idea or method itself.
Wikipedia definition:
7. Albert
Einstein
Henry
Ford
Gerald
Lawson
Thomas
Edison
Steve
Jobs
Sarah
Breedlove
Walker
Bill
Gates
Alexander
Graham
Bell
8. Inventor
• Creates
a
new
idea
• Original
idea
or
concept
Innovator
• Uses
a
new
idea
to
make
a
change
• Commercializes
the
idea
• Delivers
a
change
to
the
society
– Employment
– Wealth
– BeKer
life
26. Where
do
great
ideas
come
from?
• Look
for
problems
to
solve
• Ask
Ques+ons-‐
what,
when,
why,
how
27. Speed
with
which
objects
fall
is
related
to
the
mass
of
the
object
Aristotle’s
ideas
were
believed
to
be
true
from
500BC
to
1600AD,
Un+l…………
Speed
with
which
objects
fall
is
independent
of
the
mass
hKp://www.youtube.com/watch?
v=MlkerIq6DV8
28. Where
do
great
ideas
come
from?
• Look
for
problems
to
solve
• Ask
Ques+ons
• Challenge
the
norm
• It’s
never
too
late
37. Where
do
great
ideas
come
from?
• Look
for
problems
to
solve
• Ask
Ques+ons
• Challenge
the
norm
• It’s
never
too
late
• Serendipity
• Get
Closer
• History
repeats
itself
• Look
for
incremental
improvements
39. 2006
Nokia
Market
leader
1
out
of
every
3
phones
sold
in
the
world
Leader
in
cell
phone
technology
Stock
price
~40$
2012
Nokia
Severely
struggling
Lost
posi+on
to
Apple,
Google
and
Samsung
Stock
price
~2.5$
40. The
illusion
of
knowledge
Avoid
complacency
Assume
you
don’t
know
anything
Don’t
miss
the
obvious
41. Where
do
great
ideas
come
from?
• Look
for
problems
to
solve
• Ask
Ques+ons
• Challenge
the
norm
• It’s
never
too
late
• Serendipity
• Get
Closer
• History
repeats
itself
• Look
for
incremental
improvements
• Don’t
miss
the
obvious
42. Steve
Jobs
and
Steve
Wozniak
Bill
Gates
and
Paul
Allen
Larry
Page
and
Sergey
Brin
Marie
and
Pierre
Curie
Teamwork
43. Where
do
great
ideas
come
from?
• Look
for
problems
to
solve
• Ask
Ques+ons
• Challenge
the
norm
• It’s
never
too
late
• Serendipity
• Get
Closer
• History
repeats
itself
• Look
for
incremental
improvements
• Don’t
miss
the
obvious
• Work
in
teams-‐
Nobody’s
perfect
46. Some
Good
Sources
of
Innova+on
• Chris
Chabris
and
Daniel
Simons,
“The
Invisible
Gorilla:
How
our
Intui+ons
Deceive
Us”.
• Nassim
Nicholas
Taleb,
“The
Black
Swan”.
• Malcolm
Gladwell,
“Blink:
The
Power
of
Thinking
without
Thinking”.
• David
Eagleman,
“Incognito:
The
Secret
Lives
of
the
Brain”.