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Innovation: Innovations
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"Innovation First is pleased to offer the ROBOTC language to C programming students using the VEX system," said Jason Morrella, senior director of education and competition at Innovation First. "ROBOTC is an inexpensive software option for students and teachers looking to implement robotics in their classroom as well as for VEX users who are developing robots for competition."
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Innovation typically involves creativity, but is not identical to it: innovation involves acting on the creative ideas to make some specific and tangible difference in the domain in which the innovation occurs. For example, Amabile et al (1996) propose:
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Payback addresses a number of the "indirect" benefits of innovation efforts -- including knowledge acquisition, brand enhancement, ecosystem strength and organizational vitality. But the book stresses that these indirect benefits have little value unless they too add to profits. "Pursuing a project simply for morale or knowledge could be counterproductive if that added knowledge or morale, in a measurable way, does not lead to incremental profit. So the answer to the question, 'Is innovation about more than just money?' is 'No!'" Mr. Sirkin contends.
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"All innovation begins with creative ideas . . . We define innovation as the successful implementation of creative ideas within an organization. In this view, creativity by individuals and teams is a starting point for innovation; the first is necessary but not sufficient condition for the second". (p. 1154-1155).
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An information pack on innovation aimed at small to medium enterprises has been developed. It consists of a contacts card, fact sheets and case studies all of which can be downloaded here. If you would like a hard copy of the pack please contact the AusIndustry hotline on 13 28 46.
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According to Payback, the cash curve offers leaders a way to create a picture of any innovation effort -- a "payback profile" of an innovation and its critical stages. This picture helps ensure that everyone involved is seeing and evaluating the effort from the same perspective, and provides the basis for sound, reality-based discussions and decision-making. The cash curve takes into account the four key variables that contribute to -- or prevent -- payback: start-up costs; speed to market; speed to scale, and support costs.
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