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1 - Introduction

Published online by Cambridge University Press:  30 December 2020

Timothy L. Faley
Affiliation:
University of the Virgin Islands
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Summary

This chapter lays the foundation for the book; defining innovation (impactful problem-solving leveraging something new) and comparing and contrasting it with creativity, entrepreneurship, discovery and invention. The need for innovators is far-reaching: business, government, education and in our personal lives.

Innovating requires three elements: people, environment, and methodology. While the people and environmental aspects of innovating are definitely challenging, it is often the lack of a methodology that makes or breaks our ability to repeatedly create and deliver new impactful solutions. The lack of a method will lead to inconsistent results; similar to the lack of correlation, that global consulting firm PwC found, between a company's research and development spending and their ability to create compelling new products and/or services. First and foremost, this book is focused on a methodology for innovating. A method that separates design from execution, problem identification from solution formulation and planning from implementing. A method that takes into account multiple points-of-view and perspectives while integrating assessment throughout. A user-centric, design-thinking method that utilizes creativity-based processes.

Type
Chapter
Information
The Innovation Pyramid
A Strategic Methodology for Impactful Problem Solving
, pp. 1 - 20
Publisher: Cambridge University Press
Print publication year: 2021

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  • Introduction
  • Timothy L. Faley
  • Book: The Innovation Pyramid
  • Online publication: 30 December 2020
  • Chapter DOI: https://doi.org/10.1017/9781108918664.001
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Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

  • Introduction
  • Timothy L. Faley
  • Book: The Innovation Pyramid
  • Online publication: 30 December 2020
  • Chapter DOI: https://doi.org/10.1017/9781108918664.001
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Introduction
  • Timothy L. Faley
  • Book: The Innovation Pyramid
  • Online publication: 30 December 2020
  • Chapter DOI: https://doi.org/10.1017/9781108918664.001
Available formats
×