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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…

State to encourage budding entrepreneurs


Andhra Pradesh (India):
The Krishna District Industries Centre authorities on Wednesday conducted an awareness programme for budding entrepreneurs to set up various industries.

Krishna District Industries Centre General Manager Venkata Rao explained the participants about the encouragement to be promised by the State government to start respective industry.

Mr. Venkata Rao promised that the State government would clear the application related to new industries within 21 days in a bid to encourage budding entrepreneurs.

Experts from different industries explained the procedures on how to start an industry to the budding entrepreneurs.

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