Nurturing Risk is Essential to Innovation

project motilium usa Jacob Koshy, in a recent WSJ article, wrote about how, despite the fact that India has been labelled as a nation of innovators and has embarked on a self-declared decade of innovation, this is only true in the loosest sense of the word. Most often, examples of so-called ‘Indian innovation’ are limited to improvising, tinkering, and quick-fix solutions – in other words, jugaad. Koshy observes:

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zocon as kit price cause …apart from the immediate, simplistic appeal that this tinkering or ‘jugaad,’ presents—of a poor, uneducated villager developing a water-bicycle that can be pedaled across a river, or a school dropout fashioning a pedal pump-powered washing machine—we rarely hear of these mavericks improving on their designs, or licensing their work to a company.

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http://vendettavinylvietnam.com/90412-lady-era-uk-for-sale.html Why is there such a failure in translating these creative improvisations into successful, marketable innovations that add real value? [Read more…]

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