The paradox of serendipity and innovation

Article Abstract:

What an innovation is, degrees of innovation, and what role serendipity has in innovation are discussed relative to the chemical industry and to how far the new is from the old. A company may be driven by incrementalism, but should look for radical change if it wants to survive. The serendipity involved in the discovery of aspartame, an artificial sweetener, at G. D. Searle & Co. is discussed. Missing an opportunity in a DNA research project in which the amount of DNA kept doubling when the effort was made to destroy it is discussed. Sometimes an opportunity presents as a problem. Chance and fortuitous accidents are themes in the literature of creativity.

Psychological aspects, Statistical Data Included, Usage, Pharmaceutical industry, Marketing, Creative ability, Creativity, Chemical research, G.D. Searle and Co., Serendipity, Synthetic sweeteners

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The top 10 reasons why we need innovation

Article Abstract:

Product innovation is needed for many reasons, among them business survival, which is arguably the most important. Others in a possible top ten would be, in descending order of importance, better returns, a more constant flow of innovation, taking advantage of opportunity, improving past performances, higher business revenues, cost-cutting's being insufficient, competitive advantage, human well-being, and economic growth.

Planning, Economic aspects, 3M Co., MMM, Chemistry, New products, Product introduction

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The proper management of innovation processes

Article Abstract:

This article discusses the three steps of innovation processes and their application to businesses. Idea-driven, technology-driven, and business-driven innovation processes are explained.

Technological innovations

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