Innovation is the application of better solutions that make new requirements or existing market needs through more effective products, processes, technologies, services. It simply means helping to make a meaningful impact on the market or society and not all innovations require an invention.The opposite of innovation is Exnovation. Innovation is an essential catalyst for growth in our world today..
Innovation distinguishes between a leader and a follower. We all must continuously look for better ways to satisfy our target audience with improved quality, durability, service and price. Innovation may be linked to positive changes in efficiency, productivity, quality, competitiveness, and market share.
A National Development Plan is a large-scale investment project to develop the infrastructure of a country. It requires central planning and monitoring on a National level and implementation on a micro, local level. Adequate funding from government agencies as well as support from citizens will allow short, medium and long-term goals to be met.
There is a huge need for our personal, career or business goals to focus on the micro and macro strategy for National growth. This can include the development of the economic infrastructure, education, social welfare, science, and innovation. Before setting goals, a government reviews the current strengths of each sector and articulate room for growth (both in the long and short-term)
The starting point for any innovation is an awareness of a need that is not being met and some idea of how it could be met e.g ensuring that Nigeria achieves major SDG goals by 2030. Without change, there is no innovation, creativity, or incentive for improvement. Those who initiate change will have a better opportunity to manage the change that is inevitable.
Developing, prototyping and piloting ideas is the second phase of any innovation process involves taking a promising idea and testing it out in practice. A key virtue of quick prototyping is that some innovations often require several attempts before they work. Innovation must be adopted locally as our world is moving fast due to technology, science, and culture to achieve the sustainable development goals by 2030.Every youth should have a big vision and take very small steps to implement their ideas.
Assessing then scaling up and diffusing the good ones is the third stage of the social innovation process comes when an idea is proving itself in practice and can then be grown, potentially through organic growth, replication, adaptation or franchising. Usually, innovations spread in an ‘S curve’, with an early phase of slow growth amongst a small group of committed supporters, then a phase of rapid take-off, and then a slowing down as saturation and maturity are achieved.
Taking a good idea to scale requires skillful strategy and coherent vision, combined with the ability to marshal resources and support and identify the key points of leverage, the weak chinks in opponents’ walls. ‘Bees’ need to find supportive ‘trees’ with the machinery to make things happen on a big scale. That, in turn, may demand formal methods to persuade potential backers, including investment appraisals, impact assessments, and newer devices to judge success like ‘social returns on investment’ or ‘blended value’. For many decades there has been a lot of discussion on the problems of scaling up apparently excellent local initiatives. Time and again charismatic social entrepreneurs have established brilliant projects and then spent decades trying and failing to get the model to take root in other places, even when they have had high profile backing from funders and political leaders. Time and again apparently very powerful ideas have languished and never found sufficient backing to grow to any scale. To understand processes of growth it’s important to distinguish what is being scaled up and how it is scaled up. The ‘what’ can vary greatly in nature, along with a continuum from very generic ideas which spread by attraction to tightly controlled growth under a single management team. Each type of growth brings with it different opportunities and challenges.