Know the Difference between Innovation & Creativity?

After attending Dr Geoff Nicholson Talk about innovation at Nanyang Polytechnic, I will just list down some pointers which I find quite interesting or useful.

1. Requirements for Innovation
• Commitment
• Courage 
• Confidence
2. "Innovation and Imagination give an economy or company that extra edge. Today wealth is generated by new ideas." - Goh Chok Tong, Former Prime Minister, Singapore
3. "Research is the transformation of money into knowledge."
4. "Innovation is the transformation of knowledge into money."
5. Innovation is the practival application and use of creativity.
6. "Creativity is THINKING UP new things." "Innovation is DOING new things." - Geoff Nicholson
7. To Activate Innovation, You Ned To...
• …know where you want to go - VISION
• …know where rest of the world is going - FORESIGHT
• …have ambition - STRETCH GOALS
• …have freedom to achieve your goals - EMPOWERMENT
• …draw from and work with others - COMMUNICATION,   NETWORKING
• …be rewarded for your efforts - there is nothing more   rewarding than RECOGNITION from your peers.
8. "The ordinary manager has a craving for order. The leader understands that innovation is almost always an untidy process." "The ordinary manager wants proof for an idea before taking action. The leader understands the value and power of faith." - L.W. Lehr, former CEO - 1980
9. Innovators are Problem Solvers.
10. 6 Phases of a Project
• Enthusiasm
• Disillusionment
• Panic
• Search for the guilty
• Punishment of the innocent
• Praise and honor for the non-participant.
11. Final Message: No matter where you are...
• Innovate for the customer
• Network across the globe
• Have Courage!
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