DA Recordings wants your Business, They won an award for innovation you know

The classic definitions of innovation include:

1. the process of making improvements by introducing something new
2. the act of introducing something new: something newly introduced (The American Heritage Dictionary).
3. the process of translating new ideas into tangible societal impact (Krisztina Holly, Vice Provost, University of Southern California, and Executive Director of USC Stevens Institute for Innovation)
4. the introduction of something new. (Merriam-Webster Online)
5. a new idea, method or device. (Merriam-Webster Online)
6. the successful exploitation of new ideas (Department of Trade and Industry, UK).
7. change that creates a new dimension of performance Peter Drucker (Hesselbein, 2002)
8. A creative idea that is realized [(Frans Johansson)] (Harvard Business School Press, 2004)
9. "The capability of continuously realizing a desired future state" ([John Kao, The Innovation Manifesto, 2005])
10. "The staging of value and/or the conservation of value." (Daniel Montano 2006.)[1]

In economics, business and government policy,- something new - must be substantially different, not an insignificant change. In economics the change must increase value, customer value, or producer value. Innovations are intended to make someone better off, and the succession of many innovations grows the whole economy.

The term innovation may refer to both radical and incremental changes to products, processes or services. The often unspoken goal of innovation is to solve a problem. Innovation is an important topic in the study of economics, business, technology, sociology, and engineering. Since innovation is also considered a major driver of the economy, the factors that lead to innovation are also considered to be critical to policy makers.

In the organisational context, innovation may be linked to performance and growth through improvements in efficiency, productivity, quality, competitive positioning, market share, etc. All organisations can innovate, including for example hospitals, universities, and local governments.

While innovation typically adds value, innovation may also have a negative or destructive effect as new developments clear away or change old organisational forms and practices. Organisations that do not innovate effectively may be destroyed by those that do. Hence innovation typically involves risk. A key challenge in innovation is maintaining a balance between process and product innovations where process innovations tend to involve a business model which may develop shareholder satisfaction through improved efficiencies while product innovations develop customer support however at the risk of costly R&D that can erode shareholder returns.

Four commonly accepted types of innovation are Product, Process, Position and Paradigm (Tidd, Bessant and Pavitt, 2005)

Reply From Chris at Da Recordings (Two time winners of Birmingham Creative City award for Innovation)

Answers below….

From: Iron Man Records
Sent: 10 January 2007 15:16
To: Chris Thompson
Subject: Re: have you seen New Music Strategies?

can you answer the questions at some point?

1.....what I want to know is....have you read the book?

no

2. and what have you learnt?

nothing

3. and have you read those posts on Andrew Dubbers blog?

no

4.what have you learnt?

nothing

5.or do we just waste our lives in email ping pong when you never actually answer my questions?

yes