Thursday, September 6, 2007

Insight and Innovation

Insight is the capacity to grasp hidden nature of a situation in an intuitive manner.
The worth of a professional is enhanced only when he develops a deep, thorough, or mature analytical ability based out of the power of acute observation. Insight allows professionals to command esteem or respect from the market place; it reveals how the information leads to a state of knowledge and intelligence. Innovation, on the hand is the act of introducing something new. Innovation is the process of making changes to something established by exploiting a new idea, method or device; the outcome is developing a new dimension of performance perceived by customer. There are differing magnitudes of innovation.
Insight emerges into consciousness with a sense of discovery. It can be a slower, more gradual process where the professional undergoes a simple but intellectual comprehension. Concepts constructed in a problem solving environment is replaced by deeper insight that leads to a transition to opportunity creation state. There is continuous interaction between insight and innovation. The result of any innovation can be an insight in the form of new or improved value. Again, for innovation to occur, sometimes insight of the problem situations is required more than the generation of a creative idea.
Innovation is the basic driving force behind maturity of service delivery. A human asset has to extend normal service delivery with a new idea that has not previously been explored. Ideas with regards to internal systems and processes are the fuel that keeps a human asset grow in the potential chain. An idea can originate from anywhere at anytime but the organisation owns the responsibility of turning the ideas of human assets into reality. Innovation is still a necessary first step for professionals to succeed in knowledge economy. Successful business organisation innovate continuously in order to create and sustain a source of competitive advantage.

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