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True Innovators: 10 Insights That Define Them

February 5, 2013 15inno 1 Comment

There are many ways to identify true innovators. Let me start out with five sentences that really annoy true innovators.

This will not work. We have already tried something similar. True innovators know that many things have already been tried before, but they see the flaws of previous failures and/or add new elements that raise the likelihood of success.

I like your idea, but I don’t think there is a market for this. Too many people are caught up with traditional views of markets. True innovators often create new markets.

I am sorry, but I don’t think you have the proper experience to make this happen. True innovators know how to make things happen – this is the key ingredient for success – and they can assemble necessary skills, mindset and experience in a team.

This is not the focus of our organization. Of course, you need to stay within a given strategy, but in today’s fast pace of business, companies need to re-invent themselves faster and more often than before.

This opportunity is too small for us. True innovators know that everything starts small, but they also know that things can grow fast if the proper framework and conditions are in place.

The good thing about true innovators is that they not only get annoyed and offended. They are capable of channeling such feelings into actions needed for innovation to happen. You just can’t keep such people down : – )

Next, you get five short sentences that in my view resemble the mindset you need in true innovators.

Collaboration is not an option; it’s a requirement. As more and more innovation happens in communities, the future winners of innovation will be those who get this to work the best.

Experimentation is everything. The mantra of Silicon Valley is fail often, fail fast and fail cheap – and learn from it. No wonder they are so successful in turning startups into big companies.

Timing is the essence. True innovators will over time develop a knack on getting the timing right with regards to the launch of new products and/or services. They also know how to extract learning out of projects that failed because of the bad timing – being too early or too late is equally damaging.

Perseverance and passion matter more than flashes of brilliance. Innovation and entrepreneurship is hard work. Period.

People are everything. True innovators know that good people matter more than good ideas.

There are many more ways to describe true innovators. What can you add?

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Currently there is "1 comment" on this Article:

  1. Jenni says:

    I totally agree with your points here Stefan. In order to innovate well, you need to be in the right mind-set. Determination and never giving up is how some of the greatest innovators reached their success in society today, for example James Dyson, http://www.thethinkteam.com/join-us/blog/james-dy…. Other people who reflect the sentences you have stated above in their success are those who have failed on the BBC's Dragon's Den but gone on to be very successful entrepreneurs with their innovations. http://www.thethinkteam.com/blog/dragons-den-entr….

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