On October 18, 1996, in a magazine called CNet, an article appeared by the title “Innovate or die on the Net:If Netscape is David to Microsoft's Goliath, then FTP Software may be one of several bugs trying to get out from under Goliath's foot.” Leaving the technical jargon aside, there from, the quote “Innovate or die” stuck in the business community.
Then Apple returned with a vengeance and overthrew Nokia. There from, the quote “Innovate or die” became folklore.
Even in Nepal, companies need to innovate to stay competitive. In Narayanghat, an entrepreneur was seen going to various shops and homes with a new product.He thought he will revolutionize the local transportation industry. Many people mocked his innovative idea, rejecting him as childish due to the type of product and the vision he had. Within a year, this product challenged the other means of transportation. This product was a lowered electric tempo. It is suitable only in flat or gentle slopes and not too long distances. Now this tempo is a smashing hit with users and of course the owners.
Status quo
Since the beginning of time, man survived due to his ingenuity. He invented fire, then he found ways to sharpen a stone to turn into a spear. He made a better spear and so on. If man had stuck to status quo we would long been extinct as other species.
However,the most organizations cannot innovate like Nokia. Many organizations in fact resist innovation: Nokia’s engineers had come up with working models of touch screens long before Steve Jobs.
Now investors expect their companies to be innovative. However, it is easier said than done. The CEOs try all kind of things to make their companies innovative like the following:
Indicators of innovative culture
If any of the above techniques works, some or all of the following indicators will show up pointing towards a culture of innovation based on the article by Sharlyn Lauby “9 Indicators of An Innovative Culture” published in HRBartender.com.
Conclusions
Innovation is based on an innovative culture. Computers cannot be innovative, people working for you must be. Even in Nepal, we need to innovate at every level.
Authors: Mohan Ojha & Manohar Man Shrestha