Principles of Innovation

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Principles of InnovationThe Second Half of
Your Life

• Kathrin Meisl
• Maria Theiner

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Principles of Innovation
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Innovation as a practice

• Kissed by the Muses
• Flash of genius
• Cannot be replicated
• ?purposeful innovations

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What are the principles of innovation
representingthe hard core of the discipline?
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The Dos

• Analysis of the opportunity
• Work out analytically what the innovation has to
  be
• Innovation has to be simple to be effective
• Innovations start small
• Aim the leadership

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The Donts

• Dont try to be clever
• Don t try too many things at once
• Innovate for the present

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Three conditions for a successful Innovation

• Innovation is work. It requires knowledge
• To succeed, innovators must build on their own
  strength
• Innovation has an effect in economy and society

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The Conservative Innovator

• Psychologists talk of an entrepreneurial
  personality propensity for risk taking
• The popular picture of innovators cross between
  Superman and the Knights of the Round Table
• They are not risk- focused they are
  opportunity focused

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The Second Half of Your Life
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What to do with the Second Half of ones Life? (1)

• Historically manual workers are finished till
  they reach retirement age
• Knowledge workers can manage their second half of
  their lives

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What to do with the Second Half of ones Life? (2)

• 3 Answers
• Start a second and different career
• Develop a parallel career
• The Social Entrepreneurs

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Managing oneself(1)

• Requirement for managing the Second half of ones
  life
• Create it long before you enter it!

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Managing oneself(2)

• In a knowledge society we expect everyone to be
  a success , but for many people there is at
  best absence of failure.

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Managing oneself(3)

• is a revolution in human affairs
• The society takes two things for granted
• Organizations outlive workers
• Most people stay put
• Managing oneself is based on two very opposite
  realities
• Workers are likely to outlive organizations
• The knowledge worker has the mobility