Wednesday, October 26, 2005

Innovation and Business

"I never perfected an invention that I did not think about in terms of the service it might give others... I find out what the world needs, then I proceed to invent...." - Thomas Alva Edison.

The most daunting thing for an innovator is to make a living out of his innovations. Professors and scientists at universities do research and claim to be working towards inventing something, but the million dollar question is, "can they commercialize their innovation?" A great innovator who makes money out of his inventions is the one who has a unique and gifted talent to mix business-mindedness with the single-mindedness required to do research.
Most people fail to create exactly this balance. Either they do more research, which is not needed by anyone or they focus more on the business side of the things, trying to focus on "branding" and spending time and money marketing a weak product.

A great innovator-entrepreneur is the one who can look at things in a way no one has ever done before and goes out to express to everyone what he percieves as the truth around him and has a vision to create great products/services with an attitude to serve people.