The Role of Innovation

I recently read “Why Buy The Cow” by Subrah S. Ivar, who is the CEO and founder of WebEx. This astounding and innovative company has more than 30,000 corporate customers and more than two million registered users. Small business owners are constantly searching the Internet space for innovative tools that’s beneficial to them. WebEx is a service bringing people together across the world to work together in real-time over the Web. That’s what I call innovation. But what are some of the ways we apply innovation today. I attended a leadership seminar where Doug Balog, VP of IBM Modular and Blade Systems Development spoke on Innovation Driven Leadership. Doug shared his thoughts on innovation in a millennium of global competitiveness. He states that the global communities are willing use Software as a Service (SaaS) to drive business. More products are a compilation of knowledge from virtual collaborative decision-making. Here are his thoughts below:

How Do We Innovate, by Using:
Smart objects
The connectedness of everything
Information Put to Work
Collaboration and co-creation
The marketplace for expertise
The virtual corporation

It’s Time to Innovate Through Service Using:
Products
Service
Business processes
Business models
Management and culture
Policy and Society