We all are Idea machines and we generate a new idea every minute. How of us have felt that the best ideas of our lives are born while taking bath ? I myself have a document with 100s of my ideas. Its very interesting to read them once in a while….. so many of them. Thats why Ideas dont have any value, they are free.
Ideas are free, but they have a life time. If you dont implement it, someone else will. Ill give you an example. Back in 2002 I had this idea to create a virtual stock exchange, where we can play share trading game. Trading will be based on real values, but virtual money. The idea was to enable every person to try his trading skills with out burning cash. I discussed this among my friends, but we are college kids then and we didnt have the tech/business knowledge to implement it. Everyone forgot about it until recently we found these sites.
http://khelostocks.com/
http://markethero.in/
These sites have the same idea, hats off to those guys. Like these there were several ideas we discussed and threw away. Social bookmarking was one idea my friend Sanil had even before delicious and digg existed.
The point is, its not the idea that matters. Its the timely implementation that matters. Ideas are free, but implementation is not. So if you are sitting on an idea, talk to few and if the feedback is good, get started now. Otherwise someone else will do it.
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Post by - Kenney Jacob and Padma Sathyamurthy
LiveMint Coverage
Innovation need not be ground breaking
iCamp (23 February, Bangalore): Innovation Camp (iCamp) was held on Saturday in Bangalore. More than 80 people attended the day-long event, which was hosted by MindTree Consulting Ltd. The idea of the camp was to share individual experiences and opinions about innovation in different contexts in the unstructured way that a BarCamp permits.
The talks ranged from the basic “What is innovation?” to ones connecting humanitarianism and spirituality to innovation. A session on innovation in MBA education sparked off discussions on how this idea can be scaled to introduce innovation at all levels of education. While many of the subjects revolved around IT, a number of examples were drawn from non-IT fields as well—not just technology products, but say, traffic jams in Bangalore, and how innovation is needed to address the problem.
Another topic was whether one can be taught to innovate, or a framework be developed in which every person can innovate. Views differed, but everyone agreed that to commercialize innovations, structured processes help. Innovation need not be groundbreaking or disruptive, even finding a shorter route to the office can be called an innovation.
One speaker even innovated with his talk on “Innovative ideas to manage relationships”. He did not have any ideas on the subject, but made use of the collective intelligence of the audience and their experiences to come up with theories.
The day concluded with Knowledge Café, a round table discussion over coffee, jalebis and samosas on “Does process help or hurt innovation?” A majority of the campers felt that process is required, but it should be without restrictions.
A few photos from the Icamp
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