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Because You Need to Know®

Innovation is what a Firm needs to Best Influence it’s Future with Blake Dafoe Melnick

Oct 18, 2024
Blake Melnick, a seasoned leader in knowledge management and workplace innovation, discusses the critical role of innovation in enhancing employee satisfaction and organizational performance. He distinguishes between innovation and invention, emphasizing that anyone can innovate without extensive resources. Blake dives into the importance of nurturing an innovation-friendly culture, sharing real-world examples, and the concept of intrapreneurship. He explores learning from failures as a continuous innovation journey and underscores the necessity of a supportive mindset for effective knowledge management.
43:30

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Quick takeaways

  • Innovation, distinct from invention, thrives within organizations by encouraging small, accessible changes that empower employee creativity.
  • Effective knowledge management through structured processes enhances organizational innovation by leveraging past insights and fostering a culture of continuous learning.

Deep dives

Understanding Innovation and Invention

Innovation is characterized as an incremental improvement on existing ideas or inventions, while invention refers to something entirely new. The distinction is crucial, as many people confuse the two, often associating innovation with high-profile figures or well-funded environments. For instance, the first telephone was an invention, whereas the first smartphone is considered an innovation that improved upon previous concepts. This understanding emphasizes that innovation can be more accessible and does not require the backing of deep pockets or elite labs.

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