Thinking Outside The Box Analysis

Introduction:

“Thinking Outside the Box” is to think innovative or think differently. This refers to creative thinking and focus on being logical. When we think of innovation, we think about creating new products or systems that weren’t there before, or “something out of nothing.”

“Innovation carries value only if customers are willing to pay for that”.

- RAdm Dr R Chopra

Innovation = Creativity + commercialization

Various factors which can lead to “Thinking Outside the Box”:

1. Curiosity

2. Listening

3. Borrowing

4. Networking

5. Problem Solving

6. Essence of winning

7. Challenge Assumptions

It considers new ways of doing things, but in the context of a wider system, like a business. By implementing strategic innovation, executives can put their business’ future in a wider perspective, reflecting on new opportunities and how to encourage new solutions to take advantage of those opportunities. They can begin thinking about issues like

• How to modify supply chains to take advantage of new efficiencies, or

• How to modify an existing product in order to tap into a new market

• What to advertise, How to advertise and Where to advertise?

Innovation is often divided into five types:

1. Product innovation, which involves the introduction of a new good or service that is substantially improved. This might include improvements in functional characteristics, technical abilities, ease of use, or any other dimension.

2. Process innovation involves the implementation of a new or significantly improved production or delivery method. Thinking outside the box revolutionizes the process and can help in efficient and effective process change.

3. Marketing innovation is the development of new marketing methods with improvement in pro...

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...n box, having my core beliefs challenged to the point at which I had to change them, discarding some in order to be able to integrate new experiences and knowledge. Only by experiencing life from outside the box we're now in do we gain new insights and wisdom. Without that, our thinking often amounts to little more than judging others, and with little basis of understanding. How would you view life if you could see it from outside your own box? How would life look if you could see it from eternal instead of the temporal, from the infinite instead of the finite, and from the spiritual instead of the physical?

“Innovation has nothing to do with how many R&D dollars you have. When Apple came up with the Mac, IBM was spending at least 100 times more on R & D. It’s not about money. It’s about the people you have, how you’re led, and how much you get it.”

-Steve Jobs