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Innovators don't take more risk
Research has shown that innovators and entrepreneurs don't take more risk than the average person. However, they are more comfortable making decisions in uncertainty.
They have a set of skills that allows them to navigate in uncertainty. These skills can be learned and practised by anyone to improve their innovation skills.
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- P - assion: Successful innovators are passionate about the problem they are trying to solve and will share the passion with everyone.
- E - xperience: Innovators have experience with the problem they are solving, yielding valuable insight and knowled...
- Risk is when the factors that determine success or failure are out of your control, but the odds of success are known.
- Uncertainty is when the factors that determine success or failure are not out of your control but are simply unknown. It is play...
- Delivery skills. Skills include quantitative analysis, planning, detail-oriented implementation, disciplined execution.
- Discovery skills. Theses skills are more involved in developing ideas and managing uncertain situations. It includes the abilit...
Uncertainty and change can create opportunity and a need for innovation.
The pandemic has revealed many problems that are ripe for innovative solutions. Practices that were until recently on the fringe of acceptance are now accepted by mainstream society, such as teleheal...
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- When it comes to youth-led social innovation, how much a project is tech dependent is usually related to where the innovator comes from (many communities around the world have little or no access to tech in general).
- This has a direct impact of the type of innovative solutions a youn...
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Narrative structure is the way forward in the modern meeting environment.
Amazon does things differently. At the start of each meeting, each participant reads a narratively-structured six-page memo. This memo doesn’t carry the writer’s name. In many cases, its creation is a team effort.
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- Invention is the creation of a product or introduction of a process for the first time.
- Innovation is when someone improves on or makes a significant contribution to an existing product, process or service.
Steve Jobs' iPod is an ...
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