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The proclamation of innovation: redefine your industry

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Keep in mind that this is much easier said than done. Although organizations might gain a leadership position momentarily, maintaining it consistently is much more difficult to achieve. Furthermore, no company should expect to launch an innovation expecting the market to reward them with sustained growth and success. Instead, companies must continue with a series of radical innovations capable of leading the market.

To me, many entrepreneurs don’t realize that how they innovate will determine what they innovate. Instead of leaving the success of their innovations to chance, executives must use a combination of effective strategies based on fundamental rules.

With this in mind, I’d like to share with you the interdependent rules of innovation that will help you redefine your industry:

Rule #1 – Strong leadership

Innovative companies have strong leadership, period. To illustrate, just look at Apple and how Steve Jobs changed the company when he came back with creative innovations like the iPhone and iPad that changed our world. As Jobs passed away, Apple seems to be getting worse under Tim Cook’s leadership and its last two iPhone 5 (C+S) launches yesterday failed to attract the market, causing share prices to drop ~5.8%. Therefore, it is imperative that your organization exercise strong leadership on innovation strategies, including portfolio decisions. Remember, clear instructions from the top of the organization permeate the entire company to encourage, support, and reward innovation.

Rule #2: Integrate innovation into business models

Successful organizations incorporate innovation into their mindsets and business models. These entities live and breathe innovation and ensure that it is an integral part of the way a company operates on a daily basis. By embedding innovation into business models, including research and development (R&D) and new product development, entrepreneurs will increase their chances of innovative success for years to come. Remember the adage…out of sight, out of mind? Well, it’s true, so keep innovation in your sights at all times as you work toward organizational goals and objectives!

Rule #3: Determine the Innovation Needed for Your Business

Each business must determine the amount, including the type, of innovation needed to achieve the company’s mission and vision. While innovation is the foundation for long-term success, it is not necessarily required at all times depending on competition, market situation, product life cycle (PLC), time of latest innovation, and business strategy. Keep in mind that more innovation is not necessarily better. Entrepreneurs must therefore determine the amount and type of innovation required that aligns with their overall business strategies and resources.

Rule #4: Balance creativity with value

To be successful, companies must be creative and offer value. This means developing creative innovations that provide value to stakeholders on an ongoing basis. The more creative and beneficial the product or service is, the better it will perform in the marketplace. So how do you balance the natural tension of creativity and courage? Remember that too much emphasis on value could stifle the creative process and vice versa. It begins by developing a balanced and structured creative process capable of determining which management practices act as a creative stimulus and which practices hinder it. Once determined, you could use those management practices to design creative, value-packed products and services.

Rule #5: Neutralize Threats

Entrepreneurs must also be aware of the many threats to an organization’s innovation capabilities. Here is a list of some of the common threats to innovation that need to be neutralized and addressed:

  • Senior managers accommodating and resistant to change.
  • Opposition from others because it is a radical innovation that goes against the status quo.
  • Organizational culture without courage to change, explore and innovate due to leadership in the company.

As we know, innovation requires changes. Therefore, companies must not only neutralize threats, but also foster an innovation-friendly organizational culture that continually questions assumptions, as well as looking for alternatives to improve the business as a whole.

Rule #6 – Build networks

One of the main bases of innovation is the creation of networks with people inside and outside the organization. By doing so, you’ll not only gain a network of crucial knowledge for continuous improvements, but also strong partnerships that could help you achieve your innovations. For example, employees could help you improve business models; customer feedback could help you improve the products or services offered; other companies could help you innovate and optimize your business and distribution channels. Remember, successful organizations are very effective at building networks and using a wide range of resources to achieve capital gains, goals, and objectives. You don’t have to take my word for it…just look at all the acquisitions and mergers lately!

Rule #7: Set up the metrics and rewards system for innovations

To ensure the success of innovation, organizations must also incorporate systems that properly measure, motivate and reward creative people. Whether positive or negative, everyone reacts to stimuli, and your organization’s innovation is no exception. In essence, you will never achieve your innovative goals if people are not adequately rewarded for their efforts.

So do your best to create a carefully designed system that not only measures the success of innovations, but also rewards innovators with incentives for their hard work. Failure to do so would ultimately result in a discouraging environment that lacks motivation, innovation, and a structured process to guide the development of ideas and concepts.

So why did I mention strong leadership as rule #1 while metrics and rewards were the last rule for innovation? The answer is simple. Innovation requires change and that starts with the leadership of the organization. When it comes to metrics and rewards, it comes in last because it helps close the loop, measure the results of innovation, and provides motivation for the remaining rules.

In the end, Steve Jobs summed it up best when he said that “innovation distinguishes between a leader and a follower.” By embracing innovation and embedding it in the company mindset and overall business strategy, organizations could not only become leaders and redefine their industry, but also create new ones where the rules are in their favor. While the innovation process is unique to each company, what remains constant are the 7 rules listed above. So follow these guidelines to become a leader in your industry and start innovating today!

Tours Travel

Curry Omelet Recipe (North India)

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The curry omelette is a very simple recipe, easy to prepare and of course much healthier than its alternative version of spicy and fried egg curry. This dish can be served with both rice and roti.

Ingredients

  • 3 eggs
  • 1/2 teaspoon black pepper powder
  • whole cumin seeds
  • 2 medium onions chopped
  • 1 chopped tomato
  • 2-3 green chilies
  • 1/2 teaspoon turmeric powder
  • 1 teaspoon garam masala
  • vegetable oil
  • Salt
  • Coriander leaves

Preparation time: 5 minutes

Time to cook: 30 minutes

It serves: two

Steps

1. Take 3 eggs and break them into a bowl and beat them with 1/2 tsp of salt, 1/2 tsp of black pepper powder.

2. Take a non-stick frying pan, heat 1 teaspoon of vegetable oil and put the beaten egg (step 1) in it. Cook both sides until fully cooked. Cut the tortilla into squares and reserve.

3. In a kadhai (deep pan) heat 2 tablespoons of vegetable oil, then put whole cumin seeds after 1 minute, add 2 medium chopped onions and fry until slightly browned and medium tender, then add 1 chopped tomato , 2-3 green chili, salt to taste, 1/2 teaspoon of turmeric powder, 1 teaspoon of garam masala and fry until oil comes out of the masala (fried spice).

4. Put 2 cups of water in the kadhai (step 3) and boil it for 2 minutes, then put tortilla pieces in the kadhai and stir for a few minutes.

Finally decorate with fresh coriander leaves.

Omelette Curry is ready to serve for lunch or dinner with Rice or Roti (Chappati). The spicy and rich version of this recipe is the Egg Curry.

Technology

The history of 3D technology

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3D technology can be traced back to the beginning of photography. In 1844, David Brewster invented the stereoscope. It was a new invention that could take 3D photographic images. Later, Louis Jules Duboscq took that invention and improved on it. Louis took a photo of Queen Victoria using the improved technology and exhibited it at the Great Exhibition of 1851. This photo became well known throughout the world. Stereoscopic cameras began to catch on and became quite common for personal use in World War II.

In 1855 the Kinematascope, a stereo animation camera, was invented. He was able to create 3D moving images. In 1915 the first anaglyph film was produced. Anaglyph technology used 3D glasses with 2 different colored lenses that directed an image to each eye. In 1890, William Friese-Greene, a British film pioneer, filed a patent for the 3D film process. In 1922, the first public 3D movie, “The Power of Love,” was shown. In 1935 the first 3D Color film was produced. The use of the technology would remain dormant for more than a decade.

In the 1950s, 3D technology made a comeback. During this era, televisions had become extremely popular and had begun to appear in many homes. In the 1950s a number of 3D movies were being produced. In 1952, United Artists’ “Bwana Devil” was shown throughout the United States. This was the first 3D movie from the 1950s. The movie was shot using a process called Natural Vision. This process was thrown at Hollywood studios, but they all passed. A year later, in 1953, “House of Wax” was released in 3D. “Dial M for Murder” was originally planned to be released in 3D, but Alfred Hitchcock decided to release the film in 2D to maximize profits. Not all movie theaters were equipped with 3D technology. 3D movies were also being developed outside of the United States. In 1947, the Soviet Union released its first full-length 3D film, “Robinson Crusoe.”

In the 1960s a new technology called Space-Vision 3D was released. This technology took two images and printed them one on top of the other in a single strip. Unlike previous 3D technologies, it required a single projector with a special lens. This new technology eliminated the need to use two cameras to show 3D movies. Two-chamber systems were difficult to use because they required the two cameras to be perfectly synchronized. The first movie to use this technology was “The Bubble.” The film was panned by critics, but the 3D experience still drew a large audience. It became a profitable film, making the new technology ready for promotion to other studios.

In 1970, Allan Silliphant and Chris Condon developed Stereovision. This was a new 3D technology that put two compressed images side by side on a single strip of 35mm film. This technology used a special anamorphic lens that magnified the image using a series of polaroid filters. The first movie to be released on Stereovision was a soft sex comedy called “The Stewardesses”. The film cost just $100,000 USD and earned a whopping $27 million in North America.

In the early 1980s, many 3D movies were released using the same process as Space Vision. Some of the movies that were released were Amityville 3-D, Friday the 13th Part III, and Jaws 3-D. In the mid-1980s, IMAX began producing 3D documentaries. IMAx 3D technology emphasized mathematical correction and this eliminated the eye strain seen in previous 3D technologies. In 1986, Canada had developed the first 3D movie that used polarized lenses. It was called “Ecos del Sol” and was created for Expo 86.

During the 1990s, many movies were released in IMAX 3D. The most successful IMAX 3D movie released during this time was “Into the Deep.” The first fictional IMAX 3D film, “Wings of Courage” was released in 1996.

During the 2000s, many major studio movies were released in 3D. In 2003, James Cameron released Ghosts of the Abyss. This was the first full-length 3D IMAX feature film. This movie used the latest IMAX 3D technology called the Reality Camera System. The technology used the latest HD video cameras and was developed by Vince Pace. This same technology was used in “Spy Kids 3D: Game over”, “Aliens of the Deep”, and “The Adventures of Sharkboy and Lavagirl in 3-D”. In 2004, the first full-length 3D animated film was released. It was called “The Polar Express”. This movie was so successful in 3D that it sparked a lot of interest in 3D animated movies. The 3D version of the film earned 14 times more per screen than the 2D version. In 2005, The Mann’s Chinese 6 theater in Hollywood became the first commercial theater to have Digital 3D technology. In 2007, Scar 3D was released internationally and was the first film shot with a completely digital workflow.

In 2010, Sky UK took a big step towards 3D television. On January 1, the first 3D channel began broadcasting in South Korea. The channel shows educational shows, animated shows, sporting events, documentaries, and musical performances, all in 3D, 24/7.

We should expect the use of 3D technology to continue and expand into the normal home. Most of the major electronics manufacturers are planning to launch their 3D TV lines. As the technology ages, expect prices to drop further and further, and as they drop, more and more people will buy 3D TVs.