Tag Archives: innovation

Creativity vs. Innovation: What’s the Difference? | Business News Daily

Creativity and innovation are two related but separate notions, and each is required for workplace success. Here’s the difference and how you can inspire both.

  • Creativity doesn’t lead to company inventions and growth; innovation does. However, innovation doesn’t happen without creative people on board.
  • Generating creativity means allowing people to think outside the box and go against the established norm at times.
  • If you let bureaucracy stop creativity, innovation will be the victim in your company, letting your competitors seize the advantage.
  • This article is for aspiring entrepreneurs and business owners who want to better understand how to combine creativity and innovation to create truly original companies.

Read More

Are Millennials More Or Less Likely To Start Their Own Businesses? | Forbes

Are Millennials More or Less Likely to Start Their Own Businesses?

The millennial generation is shaping the modern workforce—whether you like it or not. They’ve been blamed for a host of problems, such as being too entitled and obsessed with social media, and credited with several positives, such as appreciating creativity and having higher moral values. But of course, all of this depends on who you ask—some people claim these traits are inherent in the millennial generation, while others assert that they’re attributable to the coincidental youth of this particular generation or exist purely as anecdotal evidence.

Read more

How New York City Is Working To Merge Government With Innovation | Co.Exist

With a budget that is many millions of dollars in the red, the New York City Housing Authority—North America’s largest low-income landlord—doesn’t have a lot of cash to spare. So it’s not ideal that the electricity and heating bills for its more than 2,000 buildings are much higher than they should be. The agency, abbreviated NYCHA, estimates its spends more than 40% more on energy than a typical apartment building in the city. But tackling such a large and sprawling problem and encouraging energy conservation—especially when, in many NYCHA buildings, residents don’t pay their own electric bills—isn’t straightforward. “When you’ve been doing something one way for a decade, it’s really hard to step back and see the opportunities in a different light.”

So the agency approached Mayor de Blasio’s Office of Tech and Innovation with the problem, and out of that came two new open innovation challenges launched on Tuesday. Their aim is to ferret out ideas, from the private sector, for reducing electric bills without taking away residents’ control of their own apartments and, in a smaller number of buildings, reduce steam heating bills.

Read More

Corporate Innovation Theatre | CB Insights

Many corporations strive to stay on top of innovation by creating buzzwordy accelerator programs. The goal is to support and learn from startups.

But here’s the problem: if you’re a giant, slow-moving company not known for being particularly innovative, the startups attracted to your accelerator are going to be second or third tier.

Read More

What is the Marshmallow Challenge and Can Your Team Beat It? | Small Biz Trends

How can twenty sticks of spaghetti, a yard of tape, a yard of string, and one marshmallow help build a stronger team?

The Marshmallow Challenge has become a popular exercise in which small groups are asked to build the “tallest free-standing structure” out of the materials provided. The teams have eighteen minutes to complete this task including the entire marshmallow on top. It’s a fun and instructive exercise that allows teams to experience simple lessons in collaboration, innovation and creativity.

The Marshmallow Challenge has been conducted with business school graduates, CEOs, architects, engineers, and even kindergarteners. There have been surprising findings for which groups perform most successfully.

Read More.

My Samsung Phone Made Me Cool — Daily Intelligencer

But what reviewers tend to miss is that a feature doesn’t have to be particularly useful or functional to inspire curiosity and intrigue. If they brighten up the humdrum experience of using a phone, even superficially and occasionally, that might be enough.

Read Article.

U.S. Bank, Visa to begin mobile-payment pilot | selfserviceworld.com

U.S. Bank and Visa Inc. soon will begin testing mobile payments in more than a dozen states that have stores which accept contact less payments.

Read Article.