Some initial thoughts

The subject of Innovation & Change has fascinated me for quite a while. After doing higher education in the field of Innovation management, this fascination has increased multifold. Taking ‘change’ as one of the fundamental outcome for every earthly object and system (at least within the tangible/materialistic world), one can probably build a universe of thoughts and ideas around the need to manage the same. But is this quest to manage ‘change’ limited only to modern day industries and education? The answer to this is no, till the time there has been life on earth, it has tried to cope with changes inside (physical) and outside (environmental) to survive this phenomenon. So the term adaptation could be associated with all that (was/is/will be) living from date pre-historic to future unknown. What is adaptation? Dictionary says it is the evolutionary process whereby all living things become better suited to their habitat. Well the key words here are ‘process’ and ‘better suited’. They are fundamental in managing this ‘change’, i.e. one need to have a process to suit itself better to its shifting state. This eternal observation is true for any single unit (ex. a person) or a collective unit (ex. an organization). Hence by putting this idea to our present day business scenario we may observe, for a firm, the quest to position itself within this changing order of states is perpetual. With this observation in place, there must be some guideline and process by which these firms could successfully adapt and survive. Innovation is the magic that gives strength and capability to all firms to handle this complex process. Without which a firm is deemed to fail no matter whatever be its position in size, capability, resource or profit. What this term Innovation means? Well that is the central topic of this discussion and will be covered in the subsequent blogs.