Innovation is the process of developing an idea or invention into a valuable product, service or process that create value or for which customers will pay.
To be called an innovation, an idea must be replicable at an economical cost and satisfy a specific need. Innovation involves deliberate application of information, imagination and initiative in deriving greater or different values from resources, and includes all processes by which new ideas are generated and converted into useful products. In business, innovation is often a result of ideas materialized by the company in order to further satisfy the needs and expectations of its customers.
Innovation needs three elements: courage to look into the face of reality, tenacity to stick to an issue, plus the strength and will to admit new ideas and solutions. It seems to be common understanding today, that large organizations ruled by well-established processes, procedures, budgeting and short-term EBIT-related reporting do have difficulties supporting creators of promising ideas adequately. Daily issues do not allow for the "tender shoots" of innovation to grow. Valuable ideas are lost in day-by-day business.
Consequently, the creation of an atmosphere of freedom, trust, openness and cooperative behaviour within teams driving innovation requires special attention. This includes the support of start-ups in general and of the motivated entrepreneur in particular.
Innovation in service of security
Fighting for security in asymmetric scenarios is a particular challenge for state security agencies, security forces and all industrial suppliers concerned. The enemy does not comply with law and international conventions and ignores human rights. Organized crime and terror organizations often possess the financial strength to provide state-of-the-art equipment in their area of influence. It is hard to fight against these threats in times of limited budgets and mandatory legal provisions.
Innovation in combination with commitments to maintaining confidentiality is the best weapon against those threats. To transfer technology from research into projects and further on into the responsibility of end-users has always been part of brilliant solutions.
Innovation needs close cooperation between users, developers, researchers and visionaries
Links and downloads
- DITS Projekte [pdf]
- DITS Projects [pdf]
- Business Dictionary Innovation
- Wiki: Innovation
- Wiki: Innovation
- Innovation Strategy Siemens
- German automotive industry supports start-ups [pdf]
- Siemens Innovations AG (Spiegel 2015) [pdf]
- 1 Milliarde Euro - Siemens-Tochter Next47 wird zur Startup-Schmiede [pdf]