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The Idea Chase:Seven Principles for Breakthrough Innovation

Author

Listed:
  • Albert H Segars

    (University of North Carolina at Chapel Hill, USA)

Abstract

"Breakthrough" innovation is often difficult to achieve. Great ideas hide in places that are not obvious. They often first appear as bits and pieces of fragmented ideas rather than something fully revealed. In addition, the story behind chasing ideas is as elusive as the ideas themselves. Some say that breakthrough innovation is magical, unlearnable, or inborn. It is a wonderful fairy tale of inspiration. However, evidence does not fully support the "inspiration" hypothesis. A successful Idea Chase is a combination of inspiration and disciplined hard work. These important ingredients cannot be separated, they work together to reveal something that is unseen by others. Artists, authors, musicians, as well as leaders of some of the most innovative organizations have mastered this approach. It is a skill that can be described, developed, and managed. As described in this book, the story of innovation is built on seven key principles and a toolbox of supporting methods: Be Ambitious, Create Chemistry, Define Roles and Responsibilities, Build Trust, Lean on Data, Show Perseverance, and Embrace Sacrifice. This story is told through the experiences and examples of innovative organizations and extraordinary people that have combined the magic of inspiration with the muscle of discipline to achieve the impossible.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • Albert H Segars, 2023. "The Idea Chase:Seven Principles for Breakthrough Innovation," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 13183.
    • Handle: RePEc:wsi:wsbook:13183
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    File URL: https://www.worldscientific.com/worldscibooks/10.1142/13183
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    Book Chapters

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    Keywords

    Ideas; Innovation; Strategy; Management; Invention; Diversity; Inclusiveness; Discovery; Investment; Teamwork; Teambuilding; Breakthrough; Leadership; Creativity; Inspiration; Entrepreneurship; Design; Creation; Change; Transformation; Data; Analytics; Forecasting; Revelation; Disruption; Illumination; Synergy; Esprit de Corps; Risk; Project Management; Scenarios; Storytelling; Opportunity; Collaboration; Search; Pilgrimage; Goals; Objectives; Performance;
    All these keywords.

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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