Innovation is commoditizing faster than we think... scientists sitting in the corporate labs are struggling to hit that another monomer while Shankar moving in Surat market is hitting new fabric designs every week. Similarly, Wei Zhang in Shenzen market is coming up daily with the new models of mobile phones. Innovation is no more an isolated activity, rather in its new avatar.. its a group, team (team symphony), community & social collaboration.
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Wei Zhang, owner of a small mobile phone assembly company in Shenzen, spends two hours every day in the market to know how the customers are buying, what competition is bringing in the market, and goes back to his factory to improvise on his research. He comes back to the market, the next week, with a new improved design of the mobile phone and he is doing this every day for last 3 years consistently.
pic source: NY times
Similarly Shankar in Surat is a small businessman from Palakkad (1600 kms away from Surat) who comes every week to check the designs & new fabrics of Saari. He carry the feedback of choices & preferences of his retail customers in South India, which small manufacturers in Surat immediately understand & produce the samples. Shankar has been able to improvise many type of polyester fabric, its construction, composition, dyeability, colours & printing etc in last 6 years which was not possible by many other leading value chain players of the industry.
At the same time, need of the fundamental research is becoming critically important... whether its a quantum physics, medicine or agriculture, the need to come up with multiple solutions for the world's growing problems is unprecedented... and for the same, the research in Universities are doing a much better job in moving very fast towards bottom up, democratic, chaotic, hard to control innovation...Its very different now!
So while many corporate continues with perfection paralysis (giant corps killing innovation), you keep innovating now, without permissions, on the street, at the moment, every day.... with a proud on your permanent Beta status !