Sources of Innovation – Invention versus Discovery

One theory of why there is more innovation in a downturn comes from Professor Dominic Houlder of London Business School. It goes like this:

There are two main sources of innovation – invention and discovery.

Discovery as it relates to innovation is analyzing where customers are being over-served and where they are being under-served. Discovery is teasing out what needs customers have surpressed during the boom times for a myriad of reasons, and identifying ways to better serve customers. The firms that get this right during the downturn are the firms that are likely to emerge strongest out of the downturn.

For more detail check out the video:

So, now that you are less busy filling customer orders. Are you using that time to innovate through discovery or only through invention?

Where will your next innovation come from?

@innovate

Posted in

Braden Kelley

Braden Kelley is a Design Thinking, Innovation and Transformation Consultant, a popular innovation speaker and workshop leader, and helps companies use Human-Centered Change™ to beat the 70% change failure rate. He is the author of Charting Change from Palgrave Macmillan and Stoking Your Innovation Bonfire from John Wiley & Sons. Braden has been advising companies since 1996, while living and working in England, Germany, and the United States. Braden earned his MBA from top-rated London Business School. Follow him on Twitter and Linkedin.

NEVER MISS ANOTHER NEWSLETTER!

Categories

LATEST BLOGS

Carbon neutrality: what is it, how to achieve it and why you should care

By Hubert Day | June 22, 2022

When sustainability is on the agenda, you’re likely to hear many terms mentioned that you may or may not be…

Read More

Is remote working more eco-friendly than commuting?

By Hubert Day | May 31, 2022

Photo by NordWood Themes on Unsplash Working remotely became a part of everyday life for many people all over the…

Read More

1 Comment

  1. Francisco Perez on April 3, 2012 at 4:09 pm

    Interesting proposal.. however… why do we give so many renewed definitions and names to things that simply what they are… Discovery: is the product of “uncovering something”.. be it intentionally or not.. by chance.. or on purpose. As a matter of fact, discovery not necessarily leads to Innovation.

    On the other hand to invent doesn’t lead necessarily to innovation either.

    Thus since neither leads to innovation straight away, they cannot define innovation at its basis…..

    We can invent something out of a discovery:=> example: petrochemicals production out of oil discovery…

    What might be interesting true is that a discovery will have high probability of becoming the base of an innovation at certain point in time, if the correct invention (construction, use or application of that discovery) is reached.

    Sorry Professor for diverging against your proposal.. but that’s the richness of thinking…

    My best regards
    Francisco

Leave a Comment