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The Five Characteristics of Successful Innovators

There is not much agreement about what makes an idea innovative, and what makes an innovative idea valuable. For example, discussions on whether the internet is a better invention than the wheel are more likely to reveal personal preferences than logical argumentation. Likewise, experts disagree on the type and level of innovation that is most beneficial for organizations. Somestudiessuggest that radical innovation (which does sound sexy) confers sustainable competitive advantages, butothersshow that “mild” innovation – think iPhone 5 rather than the original iPhone – is generally more effective, not least because it reduces market uncertainty. There is also inconclusive evidence on whether we should pay attention to consumers’ views, with somestudiesshowing that a customer focus is detrimental for innovation because it equates to playing catch-up, butothersarguing for it. Even Henry Ford’s famous quote on the subject – “if I had asked people what they wanted, they would have said fast…

Mobile hub set to create new industrial ecosystem

A file photo of Prime Minister Narendra Modi interacting with the workers of Shri Venkateswara Mobile & Electronics Manufacturing Hub during his recent visit inTirupati. Chief Minister N. Chandrababu is seen.Photo: PTI
A file photo of Prime Minister Narendra Modi interacting with the workers of Shri Venkateswara Mobile & Electronics Manufacturing Hub during his recent visit inTirupati. Chief Minister N. Chandrababu is seen.

‘Employment-intensive units likely to generate 8,000 to 10,000 jobs for the local youth’. The local economy is all set to get a shot in the arm with the establishment of ancillary units and supporting facilities here.

A new industrial ecosystem centred on mobile and electronics industry is shaping up near Tirupati, which is all set to generate thousands of jobs for the local youth.

‘Sri Venkateswara Mobile and Electronics Manufacturing Hub’ is the new industrial landmark near Renigunta airport on the city outskirts, for which Prime Minister Narendra Modi laid the foundation stone recently.

For the first time in the country, four Indian mobile manufacturing companies viz., Micromax, Celkon, Karbonn and Lava, have come forward to set up manufacturing and assembling units in a single location at the facility spread over 50-60 acres.

“It is a dream come true. The employment-intensive units are expected to generate 8,000 to 10,000 jobs for the local youth”, says Chittoor Collector Siddharth Jain.

The local economy is all set to get a shot in the arm with the establishment of ancillary units and supporting facilities here.
Chittoor district has already reached out to the ‘Make in India’ call as reputed companies like Xiaomi, Gionee and Foxconn have a base in Sri City.

“We will take forward the ‘Make in Chittoor’ call, as far as electronics industry is concerned”, Mr. Jain adds. The area is set to gain a lot, as the Indian Institute of Technology (IIT), Indian Institute of Science Education and Research (IISER) and Indian Culinary Institute are some of the prestigious national institutes coming up in the vicinity, which help in knowledge sharing and manpower sourcing, thus providing effective forward and backward linkages.

While tourism, spiritualism and hospitality are the areas that the temple city currently thrives on, the arrival of the mobile companies is set to create a new industrial ecosystem and usher in a refreshingly new form of employment.

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