Wednesday, October 30, 2013

Creativity & Business



Key Points:

1. Some people think that creativity and business don't mix. I disagree. Think of business and creativity as partners, not opposites.

2. Combine the best ideas of both T-shirts and Suits to turn your creative talent into income streams.

3. Creative talent does not automatically ‘deserve’ business success. Not all creative ideas make feasible businesses.

4. Making a business out of creativity does not involve selling out – so long as you invent the right business formula.

5. As well as a creative product or service, you will need to create a unique and feasible business formula.

6. Be clear about your own definition of success. Know where you want to get to – your Vision.

7. Clarify your specific business Mission.

8. Recognize and hold on to your Values.

9. Decide whether now is the right time to start or expand.

10. These principles apply to not-for-profit organisations as well as commercial businesses.

Monday, October 28, 2013

Creativity and Business Innovation




The article of Creativity and Business Innovation is written by Bastiaan Heembergen that explains about the important of innovation and creativity for the future. Innovation will be successfully produced when the ideas is actively being practiced and finally this process will be followed by other people. Furthermore, innovation actually comes from necessity. It comes from the demand of some new requirements. Hence, it encourages the new ideas of finding a solution and practice.

Creativity is implemented in innovation phase. It is the starting point of a process which takes an idea to the innovation stage.

Friday, October 25, 2013

Peter Drucker - "the man who invented management"


Do you still remember during our first class SYS752 with Prof Mardziah, she mentioned an economist named Peter Drucker. Peter Drucker was born in Vienna, Austria in 1909. He got a doctorate in public and international law from Frankfurt University in Germany. He is a retired professor, speaker, consultant, social ecologist and author of 41 published books, which has been translated into 37 languages. He had wrote a regular column in the Wall Street Journal for 20 years. He has published numerous articles in professional journals and publications including The Economist, Harvard Business Review, The Atlantic Monthly, Financial Times, Foreign Affairs, Fortune, Inc.,and Harpers. The BusinessWeek magazine called him as "the man who invented management" and the greatest management thinker of the last century” by Jack Welch. Here are few of his quotes that I think will aspire our mind towards entrepreneurship and innovation:


 “Entrepreneurship rests on a theory of economy and society. The theory sees change as normal and indeed as healthy. And it sees the major task in society—and especially in the economy—as doing something different rather than doing better what is already being done. That is basically what Say, two hundred years ago, meant when he coined the term entrepreneur. It was intended as a manifesto and as a declaration of dissent: the entrepreneur upsets and disorganizes. As Joseph Schumpeter formulated it, his task is creative destruction.”
 “The three most charismatic leaders in this century inflicted more suffering on the human race than almost any trio in history: Hitler, Stalin, and Mao. What matters is not the leader’s charisma. What matters is the leader’s mission.”
 “Innovation is the specific instrument of entrepreneurship… the act that endows resources with a new capacity to create wealth.”
 “The entrepreneur always searches for change, responds to it, and exploits it as an opportunity.”
“The best way to predict your future is to create it.”
 “If you want something new, you have to stop doing something old.”
 “Knowledge has to be improved, challenged, and increased constantly, or it vanishes.”
“People who don’t take risks generally make about two big mistakes a year. People who do take risks generally make about two big mistakes a year.”
 [Peter Drucker]


Thursday, October 24, 2013

What Is Innovation?


Simple introduction of innovation by Nova Malaysia

Teasers for innovative and creative product inventions

There will be 10 photos of innovative and creative product invention that I found from Pinterest. Who knows our very own product can be featured like this one day? Dream big we must!

Find an innovative solution to today's great problem and make them the opportunities of the future. That is awesome statement which I rephrase from what I found originally from here.

humidifier
#1 Cap That Turns Any Water Bottle Into A Humidifier

#2 Makes real Instagrams and turn in to Stickgrams that stick on your fridge!

#3 Soap Flakes-creates tiny flakes that dissolve easily in water. Replace the liquid soap

#4 2 in 1 ! Turning your favourite office tool into a common cutlery item

#5 For those who like to put arm under the pillow

#6 Tilt to pour the juice. No lifting required for lazy people like you!

#7 Neat idea to tidy up the cable

#8 Everyone who brushes teeth will understand the needs for this invention

#9 A great help for "pasar malam" goers


#10 Buy sofa or book case? Let's have both combined. Cool product

Monday, October 21, 2013

Samsung d'light - digital and light

Another interesting innovation place to share that I have visited this year is Samsung d’light. It located within the Samsung Electronics Building in Seocho-dong, Seoul, Korea. Samsung d’light is an exhibition space that showcases all the latest consumer electronic products by Samsung Electronics. According to Samsung, the name d'light combines the words "digital" and "light", to correlate with their vision of being a "guiding light to the digital world" and leading consumers to a whole new lifestyle through digital technology. It is also meant to convey delight and excitement. The three-storied exhibition space is not merely a display of electronic products, but a space of interaction that allows visitors to experience new life patterns through state-of-the-art digital technology categorized by theme. Now this place becomes one of recommended destination if you travel to Korea.

Mobile Plaza (1st Floor)
At the Mobile Plaza, visitors can create digital content with electronic consumer products boasting the latest technology. At the Capture Wall, visitors can have their pictures taken and immediately projected on a media wall comprised of 82 LFD monitors. Visitors can also type messages on a designated computer and have their messages displayed on the Message Floor, a giant sprawling screen on the floor of the Mobile Plaza. At the Mood Tube, visitors can select a song and watch as the Mood Tube visualizes the music with colors and animated characters. Visitors can also try out all of the electronic products on display including the latest laptops, tablet PCs, smartphones, and cameras. If trying out the products on display isn't enough, the latest camcorders and digital cameras are available for rent at the booth in front of the escalator for visitors to use freely within the d'light exhibition space.

Global Gallery (2nd Floor)
The Global Gallery is an overview of Samsung Electronics' history and visions for the future. At Star Island, visitors can exhibit some of Samsung Electronics' world's best-selling consumer electronic products over the years, including cell phones, digital cameras, and TVs. Visitors can see the story of the company's history unfold across cascading water at the Water Wall and at the Media Wall, visitors can watch a video presentation of the company's five most important values.

Shop (Basement)
The d'light Shop opened its doors in April 2011 and is the most popular floor of the Samsung d'light exhibition space. Unlike the Mobile Plaza and the Global Gallery, visitors can not only try out the latest products and accessories by Samsung Electronics, they can purchase them directly at the store.

Motivational video ever for creative people and startups..

 
Creative idea by Florence Ki
of Junior Chamber International, Petaling Jaya

Sunday, October 20, 2013

Guest Speaker for the upcoming seminar organized by our class

We will be organizing a seminar tentatively on Saturday, 30th November at Dewan Al-Ghazali (DAG) of UiTM Shah Alam. Will put up the flyers once it is ready. More information to come but this particular post is to introduce the invited guest speaker.

We are honored to have CEO of Ofisgate Sdn Bhd to speak for our event. As most of us may already know, Ofisgate is one of the big name in the local IT industry focuses in providing Testing, Auditing, Troubleshooting, Benchmarking and Training Services on Network Infrastructure. In 10 years since it was established in April 2003, Ofisgate has remarkably grown with clients based range from government agencies, telcos, education and enterprises.

We are very much looking forward to learn from the speaker putting all three factors of creative, innovative and entrepreneurship into action and how we can make it big in whatever business we are going to venture. It is going to be very informative sharing and great eye opener for us.

Topping up to the speaker portfolio and the achievement, Ofisgate Sdn Bhd is currently listed as one of "Syarikat Bumiputera Berprestasi Tinggi" under category Systems Integration & Networking of Dana TERAS by TERAJU. Kudos to Ofisgate!

Hopefully everyone will benefit from this event.

Friday, October 18, 2013

Join the innovative thinkers to WIFKL 2013 this November 12-14

Hi, this is coming to my 4th post. My first post I wrote about the meaning of innovative and creative which can be read in here. The second post was a review of Richard Branson pitch on "How Small Business can Innovate", do read it in here. Third post on a must-watch video produced by PUNB for aspiring Bumiputera entrepreneur, view it here.

I purposely positioned the blog posts in sequence as to allow the readers (and myself) to relate with the journey of becoming an entrepreneur. We ought to know and identify if we have the right idea to capture customers' imaginations then proceed with the implementation! We may choose to start small, but hey even one-chair barbershop can go all the way have a great brand and innovate. Moving on with our creative idea and the motivation to venture into entrepreneurship we need to seek for financing thus we have to know the right channels to go for. Next, let's join the innovative thinkers and off we go to WIFKL 2013 this coming November 12-14 in KL Convention Center.

Why participate?
Aspire to be the centre of gathering for innovative thinkers and thought leaders. Gain fresh perspectives to achieving sustainable culture of innovation from key stakeholders and world thinkers.

Some key benefits of attending WIFKL

-Understand the key drivers of achieving excellence in science, technology and innovation

-Construct an effective framework of regulations and policy to propel innovation in public and private sector, societal, urban and rural, corporate and industrial, education, healthcare, transportation and branding

-Utilise innovation & technology as catalysts that will lead to creation of high income nation

-Enculture innovation as the new national, regional and global development strategy

-Establish and strengthen networks of organisations and countries of different development levels to fuel future collaboration and cooperation

-Provide a platform for high-level stakeholders (from the public, private and civil society sector) to share experiences, discuss and deliberate on issues and strategies on inclusive innovation

-Provide business opportunities and investments, both locally and globally

See you there!

Brand marketing campaign



Steve Jobs talk about marketing in the Apple first brand marketing strategy campaign which change and bring the Apple company we know today.

Thursday, October 17, 2013

Must Watch: Kisah Kejayaan Usahawan Bumiputera

I would recommend aspiring Bumiputera Entrepreneur to watch this. It is an eye opener to which financial channels you can opt for. Government is there to help us venturing into business. Forget about the negative comments (know our rights and give it a try!).

To briefly summarize agencies out there to help us:
1. TEKUN
2. Amanah Ikhtiar Malaysia (AIM)
3. PUNB
4. SME Bank
5. SME Corp
6. Perbadanan Nasional Berhad (PNS)
7. MARA
8. MTDC
9. TERAJU
10. EKUINAS
11. MDEC
12. Agro Bank

So which one?

Wednesday, October 16, 2013

Richard Branson on How Small Businesses Can Innovate

Richard Branson
Image credit: iam-davinci.blogspot.com

In case you didn't know, Richard Branson is the founder of Virgin Group, which consists of more than 400 companies around the world including Virgin Atlantic, Virgin America and Virgin Mobile. He is the author of six books including his latest, Like a Virgin: Secrets They Won't Teach You at Business School (Portfolio Trade, 2012).

Some time around May this year, Sir Richard Branson proved that he was a real man after honouring a crazy bet he made with CEO of Air Asia, Tony Fernandes. Both men are fans of Formula 1 racing and made a bet on the Abu Dhabi grand prix (2010), with the loser to dress up as a female stewardess and serve on the winner’s airline.

In a recent article written by him which can be read in here, some how it caught my attention since he was talking about small business. I tend to agree that when think about innovation, we think about blue chip business like in Silicon Valley and technological advances and companies with big R&D budgets. According to him the truth is that even the smallest businesses, from one-chair barbershops to popcorn vendors on the street, are capable of coming up with ideas that capture customers' imaginations. When that happens, you are on your way to building a great brand.

He was in Johannesburg recently, when he heard pitches from many of aspiring entrepreneurs and was reminded of the many different ways that a small business can innovate. "You don't need a big budget: all you need is some ambition and a good idea."

Find something people want, then do it better
Case study: Miles Khubeka has created a brand with a lot of potential. He based his restaurant business on a popular (yet not trademarked) character from a beer advertisement: "Vuyo," an aspiring everyman with a food cart who makes it big. Miles opened a restaurant based on the Vuyo's food offerings, and he is now launching franchises in the form of Vuyo food carts, which other young entrepreneurs operate, spreading the Vuyo name. It's an excellent idea.

Take the old and make it new again
To build a successful business, you don't have to build a new product from scratch. If you can repurpose an existing product, or if you spot a gap in the market where brands are not offering the improvements to their products that customers would like, there is no reason why you shouldn't step in.

Tell customers about the purpose behind your product
The roots of great brands usually feature a compelling narrative, and sharing your story right from the start can help you to win the support of your community - and their business.

An example is the story of Mmabatho Portia Morudi, who developed her interest in bees when her 87-year-old grandfather took her along on a beekeeping course. Now she is determined to help protect the bees while also building a successful business.

Monday, October 14, 2013

Green Innovation

I have visited Panasonic Econation Center in Petaling Jaya, Selangor, Malaysia and impressed with their innovation and initiative on green technology. The centre showcases various forms of comprehensive solutions from home, building, office, factory to township. As the first eco showroom in the Asia Pacific outside of Japan, the center reinforces Panasonic's commitment to be the No. 1 Green Innovation Company in the electronics industry by 2018.

What used to be an old house and a barren compound is now a 'beyond sustainable building' equipped with Panasonic's total energy solution - Create, Store, Save and Manage Energy. The one-of-its-kind 6,000 square-foot center in Malaysia is designed to interact with natural elements such as sunlight (40kWp solar panels fitted on a double roof structure), water (50 cubic metre rain water harvesting system), air (energy efficient air conditioning and quality purification) and earth (green landscaping and reduction of heat reflections). The 24MWh of energy the center can generate per year is akin to a reduction of approximately 12 tons of CO2 emission (or 600 trees being saved per year).

The Center is open to Trade Industry from Monday till Thursday (10am - 5pm) and to the general public on Friday and Saturday (10am - 5pm). If you happen to be in Kuala Lumpur, do drop by the Panasonic Econation Center at No. 70, Jalan 16/1 (Dato' Abu Bakar), 46350 Petaling Jaya, Selangor Darul Ehsan. It's definitely a sight to behold.

Wednesday, October 9, 2013

Are you creative or innovative?

innovative creative
Puzzle picture taken from oneextrapixel.com

Hello Readers, as I was cracking my head on what to write, guess I would better start with the definition. Many could have known the meaning, but some may not even have a clue what's the meaning of these two words. Let's begin.

There’s a lot of confusion surrounding creativity and innovation. You better believe they’re actually different.

I came across to this definition by Jim Link which I think very short and easily understood, Creativity is a skill and innovation is a process. That’s how they differ. The skill of creativity is applied throughout the process of innovation to improve the likelihood of success. The terms are inextricably linked because creativity is critical during the innovation process —i.e., if no ideas are generated, there is nothing to implement.

Taking this to an example, Thomas Edison invented the first commercially practical incandescent light. So, he innovated the creative idea of making practical incandescent light commercially. In other words, he made it real which was originally just an idea into stages of implementation.

Creativity leads to implementation. Innovation requires it.
Innovation requires creativity. It has to work hand in hand that you can’t have innovation without creative thinking. It is common for most people to perceive that creativity happens at the front end of the innovation process. Yet creative thinking are required throughout the process in order to ensure that the concept makes it to introduction to the world in order to capture value. The iPod alone is innovative no doubt about it, but think of all the acts of creative thinking that were required to deal with issues around design, assembly, manufacture, software, user interface, music rights, interoperability, pricing, etc.

Innovation is a team sport
Creative thinking may happen as an individual act or with a team, however, innovation almost always requires people working together to make it happen from different places in an organization or throughout its value chain (for example for a consumer product: consumer research, product development, marketing, manufacturing, finance, sales, distribution, service, etc.). Yes, innovation is a team sport whereas Creativity, not necessarily so.

Creativity vs. Innovation
Teresa Amabile and her colleagues (1996) once wrote that, “All innovation begins with creative ideas… [Creativity] is necessary, but not a sufficient condition for [Innovation].” Yes, creativity is a crucial element required for innovation. But creativity itself, can't never leads to the implementation of an innovation, at least not in an organizational setting. But yet it is crucial to the success and growth of an organization.

So as a leader or management, which would you focus on, creativity or innovation? More often than not these attributes occur together as creative people are also very likely to be innovative. Creativity without innovation may never have any impact because only the latter ensures that new ideas are implemented.

How social media help add power to your innovation efforts?


This book explains the importance of social media tools and how it can help to stimulate innovation and ensure the survival of a product. The concept of open innovation is highlighted include the use of the latest technology such as twitter , facebook or LinkedIn to help product development and start-up businesses .

Collaborative concept applies where social media became an added tool to promote products in line with the culture and circumstances. The purpose of this collaboration is to stimulate feedback from all involved whether consumers , suppliers, partners and the public in order to help build consumer trust in the product innovation . 
In addition, this book explains the role and function of researchers, writers, networkers , speakers and digital natives in stimulating change of mindset towards open innovation and social media as a media intermediary .

Other issues such as the benefits of using social media, the challenges when using social media and the effect of the different social media.
 
Title : Social Media for Corporate Innovators and Entrepreneurs: Add Power to Your Innovation Efforts
Author :  Stefan Lindegaard


Saturday, October 5, 2013

Maybe it is all started with.. What If..


A story give us context in which we can design solutions. Glenn Armstrong, VP of Business Innovations at Amway describes the "original" innovation of the Direct Sales model by Amway founders Rich DeVos and Jay Van Andel. If we want to know the future, maybe the best way is to design it.

Tuesday, October 1, 2013

Clayton M. Christensen explains Disruptive Innovation



My all time favourite clip in explaining disruptive innovation. The theory of disruptive innovation was first introduced by Harvard professor Clayton M. Christensen in his research on the disk-drive industry and later popularized by his book The Innovator’s Dilemma, published in 1997. He was also the founder of the Clayton Christensen Institute for Disruptive Innovation (before this was known as Innosight Institute)


Source:
http://www.christenseninstitute.org/

Where Good Ideas Come From by Steven Johnson



xxx

Dieter Rams 10 Principles of “Good Design”



This is a clip from a documentary titled “Objectified”, which was premiered at the South By Southwest Festival on March 14, 2009. In this 3 minutes over clip shows Dieter Rams discusses his design philosophy. Dieter Rams is a German industrial designer closely associated with the consumer product company, Braun as he was the former Design Director of Braun. Rams introduced the idea of sustainable development and of obsolescence (becoming out of date) being a crime in design in the 1970s. He shared his thought that shows why good design is worth it when he introduced the ten principles of "good design". It is a very inspirational as guidelines and can be applied for any designers when designing for example the web, printing or products especially when we put it all into practice. These guidelines are good to use when we’re looking at our work and we’re not sure if others like what we see. A good design is a bread and butter with any innovations, but nowadays it seem been left out or less important during development and production processes. At the end of the clip, Rams says that Apple is one of only a handful of companies existing today that design products according to the Rams' ten principles of "good design". The film was directed by Gary Hustwit.

Source:
http://www.archdaily.com/198583/dieter-rams-10-principles-of-%E2%80%9Cgood-design%E2%80%9D/