Blog Assignment # 2
Why innovation is all about people rather than bright ideas: The time to adopt a new technology is decreasing dramatically. This has huge implications on the society and organizations who want to be relevant in the future need to start innovating. It is not about having a bright idea rather what is important is execution. It is hard to innovate as it is very hard to implement change and also there are few other reasons why it is hard to innovate. Firstly, most of the large organizations are not set up for a new setup. Secondly, innovation is about long term results whereas most of the new organizations are setup on very short term KPIs. Thirdly, many organizations show that failing is alright, however, it is not the case and they are very strict about failure. According to a study held at Oxford, it showed that half of the top 500 companies will survive in the next 5 years. Innovation does not only mean to have the right equipment rather it also is about having the right people be...