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A way to innovate at work or as an entrepreneur

This coming week is the launch of the #YouthStartCT competition.  We are delighted to once again be the implementing partners for this key event.

The competition will see 100 entrants drawn from around Cape Town going through business activation training and pitching the business idea they entered.

I am unsure what entries will be on show this year, but if last year is a good gauge to go by, we should see some unique and impactful ideas going through from the original 100 eventually being weaned down to the top 10.

One of the factors that positions the uniqueness of the idea is the level of innovation embraced.  Last year saw unique ideas in recycling; social interaction and fashion/design to name a few.

Make no mistake, entrepreneurs and businesses are constantly looking for that product or service that will give them a sustainable edge and advantage. The door to this is mainly through innovation.

So what is innovation?

Innovation is simply doing or making something differently to meet a perceived need or gap in the marketplace. Innovation is not merely doing something differently for difference’s sake. Therefore innovation can happen in any industry that uses a procedure that can be changed.

Generally, innovation involves creative thinking that escapes from a traditional viewpoint. It can be difficult when you’re very familiar with something to see it in another way. So several techniques have evolved to help you in this process.

The next question is which technique or tool to use to increase your own innovation engagement?

A popular and simple one is found in the acronym SCAMPER

SCAMPER is based on the notion that everything new is a modification of something that already exists. Each letter in the acronym represents a different way you can play with the characteristics of what is challenging you to trigger new ideas:

  • S = Substitute
  • C = Combine
  • A = Adapt
  • M = Magnify
  • P = Put to Other Uses
  • E = Eliminate (or Minify)
  • R = Rearrange (or Reverse)

To use the SCAMPER technique, first state the problem you’d like to solve or the idea you’d like to develop. It can be anything: a challenge in your personal life or business; or maybe a product, service or process you want to improve.

You would be surprised at the number of products that have been developed using SCAMPER even if people were not aware of using it as a an ideas generation framework.

Look at your mobile phone, it substitutes and combines so many things

Phone; Camera; Torch; GPS; Calculator; Storage device

Think of how all the apps have added to the functionality of your humble smartphone.

Each iteration not only adds to the functionality but apps then adapt, modify and the additional functions that each app adds.

 

Innovating into 2018

 

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