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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…

Seven industries to come up in Vizianagaram dist.

Collector M.M. Nayak has said that seven industrialists, who have participated in the recently held Partnership Summit in Visakhapatnam, are ready to invest Rs. 12,032 crore and they have signed Memorandum of Understandings with the government for setting up units in the district.

The industries when established would provide employment to 11,700 people. He said that Steel Exchange India Limited would invest Rs. 7,937crore, Sri Ananda Subbaraya Wire Products (P) Limited Rs. 105crore, Sarada Metals and Alloys Rs. 1500 crore, Kothavalasa Infra Ventures Private Limited Rs. 2,000 crore, Divis Laboratories Rs. 250crore, Nellore NCS Sugars Limited Rs. 120 crore, Ellamanchili Infrastructure Limited Rs. 120crore, according to a release.

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