Subject: managing innovation using stock and flow diagram

Posted by Anderson, Lascelles on 1/29/2009
In Reply To:managing innovation using stock and flow diagram Posted by Gary Hirsch on 1/29/2009

Message:

Hi folks,

Another perspective on the "innovations" issue could be stated in the following way. Since innovations can be identified with specific actions at a particular time in some action (organizational) or product domain, with no a priori reason to think they will catch on, it might be useful to think of innovations as meaningful (therefore useful in a model sense) if we can think that an innovation is really an inovation to the extent that those who have not yet adopted the novel way of doing things identified in the "innovation" gradually (or otherwise) adopt the "innovation" in question. In that sense, we could model the salience of an innovation as a sampling from the "not yet converted" population into the group which already thinks in the new way. In that way, if the innovation is really an innovation, then the accumulation of the "converted" will be robust.
Otherwise, all we have is an event without any accumulation of "followers." I assume that the "novel" way introduced has been shown to have tangible benefits attaching.

Hope this is helpful.


Lascelles Anderson