Developing Innovation

24 Minute MBA

0 POINTS

Complete the units, enroll in new courses, answer survey questions

By gaining points, you can win a personalised one on one coaching session

Complete the course to see how your learning has improved and gain 10 points

Answer the questions in each unit to generate your custom action plan and gain points

Collect points to be able to ask an expert any question you may have

Course Modules

0% Completed

Module 1	24minMBA
Unit 1	24 Minute MBA Pretest
Unit 2	Setting up Business Strategy
Unit 3	Developing Innovation
Unit 4	Leadership Skills
Unit 5	Organizational Behavior
Unit 6	Marketing Campaigns
Unit 7	Essential Sales Skills
Unit 8	Emotional Intelligence
Unit 9	Legal Documentations
Unit 10	Financial Reporting Today
Unit 11	Project management
Unit 12	Information Technology
Unit 13	Business Expansion
Unit 14	24 minute MBA Posttest

Unit Video

Unit Summary

The 4 steps to help in developing your next innovation are:

Identify the problem
Ideate
Prototype
Evaluate & Refine

Survey Questions

You cannot view this unit as you're not logged in yet.

Build Your Action Plan

Build Your Action Plan

What problem are you facing in your business?

Give one idea of how you can solve this?

Dig Deeper

Additional Resources

In this video, you will learn 4 steps that will guide you in developing your Next Innovation. Innovation can be summarised as the process of coming up with a new idea, product, service, or experience that customers would be willing to pay for. It is a key success factor for businesses these days since competition in the business world is fierce and innovation offers a way to differentiate and stay relevant to clients.

Here is a simple 4 step process to help guide your innovation process:

Understand the problem that you are addressing, the users that are affected, the technology that is available, the competitors offerings
Spend some time coming up with as many ideas as possible, regardless of how good they are (Ideate)
Choose one or two of the best ideas – which could be a collection of a few ideas combined into one – and rapidly prototype them
Evaluate and Refine by getting your target users to give you their feedback and suggestions on the prototype that you created .

As this innovation process becomes ingrained into your business the process can be conducted periodically all through the organisation with the involvement of all staff.

As Alan Kay said, The best way to predict the future is to invent it!