tag:blogger.com,1999:blog-9003076573972458673.post4147749676004983412..comments2009-03-16T20:07:05.352+05:30Vinay Dabholkarhttp://www.blogger.com/profile/02007011866370283276noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-9003076573972458673.post-41240243492767971772009-03-16T20:07:00.000+05:302009-03-16T20:07:00.000+05:30Started writing a response and it got too big, so have put it in a post on my blog here http://kartzpot.blogspot.com/2009/03/innovation-formula.htmlKarthikeyan Iyerhttp://www.blogger.com/profile/14749944957911134804noreply@blogger.comtag:blogger.com,1999:blog-9003076573972458673.post-12810727047904129732009-02-05T10:09:00.000+05:302009-02-05T10:09:00.000+05:30Pradeep,<BR/><BR/>Thanks for your inputs. The I-squared-P part is not intended to be a mathematical formula. I found it to be an easy way to remember the three components of the definition. <BR/><BR/>Having said that, it is meant to be a "working definition". That means if one does not find it useful then one should not spend time on it. I expressed it because I find it useful today. Tomorrow, if I find a more useful definition, I would move on :-)<BR/><BR/>It will certainly help us if you can share your definition of innovation.Vinay Dabholkarhttp://www.blogger.com/profile/02007011866370283276noreply@blogger.comtag:blogger.com,1999:blog-9003076573972458673.post-78172986075430611202009-02-04T23:14:00.000+05:302009-02-04T23:14:00.000+05:30Vinay, i will keep the focus on your definition to keep it simple, else there are too many things that needs to be considered. <BR/>Firstly, the I-squared-P is difficult for me to digest. For me an idea is an outcome of creativity and implementation is a function of competency and skill. In that sense idea and implementation are 2 different things, except that they start with the same alphabet 'I'. Then there is P, which you have shown separately, for me P is part of the implementation. I find it hard to take out P from the implementation.<BR/>So, if i now have to fit the whole thing like a formula (which i truly wouldn't do)it looks something like- I (idea) * (Implementation * (z)), where z ranges from 0 to 1 and denotes the quality of implementation, z=1 means the best quality. And the assumption that the idea is compelling to atleast a few people who are willing to put a price on it.Pradeep V Desaihttp://www.blogger.com/profile/14051674649522227700noreply@blogger.comtag:blogger.com,1999:blog-9003076573972458673.post-42079168541652050152009-02-04T10:10:00.000+05:302009-02-04T10:10:00.000+05:30Agree with both the definitions and the examples - though the last one is a queasy - it indeed is appropriate from a certain viewpoint. <BR/><BR/>I held a simplistic definition of innovation - an idea that is put in practice. But these two indeed put a correct additional spin on it. Thanks.Abhijit Tongaonkarhttp://www.blogger.com/profile/08968016984589017877noreply@blogger.com