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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…

Narasapuram will be made a solar city: Nirmala

Union Minister for Commerce Nirmala Sitharaman on Sunday said that the town would be developed as a solar city, the second town in the State after Vijayawada. She laid foundation stones for various development projects with an expected outlay of Rs. 1.5 crore at Matsyapuri village. Reiterating that the Centre was taking steps to regulate the spiralling prices of essential commodities, Ms. Nirmala on Sunday said that though the Union government was supplying pulses and onions to the States, the response from the latter had been lukewarm.

On the second day of her tour to West Godavari district, Ms. Sitharaman said that keeping in view of sudden rise of prices of pulses, the Centre had imported different pulse varieties weighting 7,000 metric tonnes and made them available for the States.

“Except for AP, no other State government is evincing interest to get the pulses from the Centre. Same is the case with onions, for which there are no takers even as the Centre is ready to supply them to the States,” she said.

Holding the UPA regime responsible for the price rise, Ms. Sitharaman said that the lopsided priorities of the Congress-led UPA had resulted in the inflation.

“Now, the government is taking all sorts of steps to regulate inflation and bring down the prices of the commodities,” she said.

7,000 metric tonne of pulses have been imported to rein in on the rise in prices, says the union Minister

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