There is an insatiable demand
for innovation and entrepreneurship. These skills are required to help
individuals and ventures thrive in a competitive and dynamic
marketplace. However, many people don’t know where to start.
There isn’t a well-charted course from inspiration to implementation. Other fields — such as physics, biology, math, and music — have a huge advantage when it comes to teaching those topics. They have clearly defined terms and a taxonomy of relationships that provide a structured approach for mastering these skills. That’s exactly what we need in entrepreneurship. Without it, there’s dogged belief that these skills can’t be taught or learned.
There isn’t a well-charted course from inspiration to implementation. Other fields — such as physics, biology, math, and music — have a huge advantage when it comes to teaching those topics. They have clearly defined terms and a taxonomy of relationships that provide a structured approach for mastering these skills. That’s exactly what we need in entrepreneurship. Without it, there’s dogged belief that these skills can’t be taught or learned.
Below is a proposal for definitions and relationships for the process of bringing ideas to life, which I call the Invention Cycle. This
model provides a scaffolding of skills, beginning with imagination,
leading to a collective increase in entrepreneurial activity.
Invention Cycle
- Imagination is envisioning things that do not exist.
- Creativity is applying imagination to address a challenge.
- Innovation is applying creativity to generate unique solutions.
- Entrepreneurship is applying innovation, bringing ideas to fruition, by inspiring others’ imagination.
This is a virtuous cycle: Entrepreneurs manifest their ideas by inspiring others’ imagination, including those who join the effort, fund the venture, and purchase the products. This model is relevant to startups and established firms, as well as innovators of all types where the realization of a new idea — whether a product, service, or work of art — results in a collective increase in imagination, creativity, and entrepreneurship.
This framework allows us to parse the pathway, describing the actions and attitudes required at each step along the way.
- Imagination requires engagement and the ability to envision alternatives.
- Creativity requires motivation and experimentation to address challenges.
- Innovation requires focusing and reframing to generate unique solutions.
- Entrepreneurship requires persistence and the ability to inspire others.
Not
every person in an entrepreneurial venture needs to have every skill in
the cycle. However, every venture needs to cover every base. Without
imaginers who engage and envision, there aren’t compelling opportunities
to address. Without creators who are motivated to experiment, routine
problems don’t get solved. Without innovators who focus on challenging
assumptions, there are no fresh ideas. And, without entrepreneurs who
persistently inspire others, innovations sit on the shelf.
Let’s look at an example to see these principles at work:
As
a Biodesign Innovation Fellow at Stanford University, Kate Rosenbluth
spent months in the hospital shadowing neurologists and neurosurgeons in
order to understand the biggest unmet needs of physicians and their
patients.
In the imagination stage,
Kate worked with a team of engineers and physicians to make lists of
hundreds of problems that needed solving, from outpatient issues to
surgical challenges. By being immersed in the hospital with a watchful
eye, she was able to see opportunities for improvement that had been
overlooked. This stage required engagement and envisioning.
In the creativity stage,
the team was struck by how many people struggle with debilitating hand
tremors that keep them from holding a coffee cup or buttoning a shirt.
They learned that as many as six million people in the United States are
stricken with Parkinson’s disease, and other conditions that cause
tremors. The most effective treatment is deep brain stimulation, an
onerous and expensive intervention that requires permanently implanting
wires in the brain and a battery pack in the chest wall. Alternatively,
patients can take drugs that often have disabling side effects. The team
was driven to help these patients and began meeting with experts,
combing the literature, and testing alternative treatments. This stage
required motivation and experimentation.
In the innovation stage,
Kate had an insight that changed the way that she thought about
treating tremors. She challenged the assumption that the treatment had
to focus on the root cause in the brain and instead focused on the
peripheral nervous system in the hand, where the symptoms occur. She
partnered with Stanford professor Scott Delp to develop and test a
relatively inexpensive, noninvasive, and effective treatment. This stage
required focus and reframing.
In the entrepreneurship stage,
Kate recently launched a company, Cala Health, to develop and deliver
new treatments for tremors. There will be innumerable challenges along
the way to bringing the products to market, including hiring a team,
getting FDA approval, raising subsequent rounds of funding, and
manufacturing and marketing the device. These tasks require persistence and inspiring others. While
developing the first product, Kate has had additional insights, which
have stimulated new ideas for treating other diseases with a similar
approach, coming full circle to imagination!
This
model underpins related frameworks for innovation and entrepreneurship,
such as design thinking and the lean startup methodology. Both of these
models focus on defining problems, generating solutions, building
prototypes, and iterating on the ideas based on feedback.
The Invention
Cycle describes foundational skills that are mandatory for those methods
to work. Just as we must master arithmetic before we dive into algebra
or calculus, it behooves us to develop an entrepreneurial mindset and
methodology before we design products and launch ventures. By
understanding the Invention Cycle and honing the necessary skills, we
identify more opportunities, challenge more assumptions, generate unique
solutions, and bring more ideas to fruition.
With
clear definitions and a taxonomy that illustrates their relationships,
the Invention Cycle defines the pathway from inspiration to
implementation. This framework captures the skills, attitudes, and
actions that are necessary to foster innovation and to bring
breakthrough ideas to the world.
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This is an edited excerpt from Insight Out: Get Ideas Out of Your Head and Into the World.
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