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August 9, 1999 Business Sense from Inside Business Meet the Mother of InventionBy Mark Fulton J.F. Cantrell had an idea. A lot of folks around Fort Worth, Texas, in the early 1930s couldnt afford to have their clothes cleaned at a laundry and they didnt have the money to buy a washing machine of their own. So Cantrell bought four electric washing machines and opened the first self-service laundry in 1934. He called his establishment a washateria. Later on, after the idea caught on, someone came up with a word that sounded more dignified and businesslike laundromat. An American business and social institution was born. Plato said that necessity is the mother of invention. In modern business parlance, we might restate Platos observation like this: Opportunity is the source of innovation. The opportunity to satisfy an unmet need has been the birthplace of brainstorms that have revolutionized society and filled corporate coffers. From the paper clip to the palm-sized computer, innovative products and services have wrought fundamental changes in how we do things, while generating tremendous wealth for the companies that provide them. In short, innovation is a vital instrument for progress and profit. In the latter half of the 20th century, innovate or die became a compelling axiom for corporate America. Companies that stuck with tried-and-true business practices and product lines found themselves drifting into dangerous waters. Consumers started responding to advertising slogans that trumpeted new and improved everything. If your business wasnt on the cutting edge, it could wind up as chopped liver in the marketplace. The proliferation of technology has added even greater impetus to the need to innovate by raising the bar on the rate and scope of new product development. Computers and everything that goes with them are only the most obvious examples of goods that go from being state-of-the-art to out-of-date a week after you buy them. Consequently, consumers have come to accept and even expect built-in obsolescence and they embrace technological advances that justify junking last years revolution for this years refinement. But thats good news for the company where creativity is nurtured and the spirit of innovation permeates the corporate mindset. What roles do creativity and innovation play in your organization? Read the following list and circle the bullet next to the ones that apply to the environment at your place of work. Be brutally honest.
If many of the above items are absent from your business, you may be handicapping your ability to pull ahead of or even keep up with your competition. Fortunately, its never too late to innovate (catchy, huh?). You can start today to make creativity and innovation hallmarks of your organization. A subject search at your favorite online bookstore will yield a bevy of books that will help you harness your imagination and put it to work for fun and profit. Here are some that I recommend:
Just think. By freeing your creative muses to play with your corporate consciousness, yours might be the company that develops the next Internet sensation or the next Post-It Notes. J.F. Cantrells idea for a washateria evolved into an enduring business enterprise that enables millions of bachelors to clean their clothes without dropping major bucks on a Maytag and meet eligible bachelorettes at the same time. Now if only someone could invent a machine that automatically cleans up a months worth of accumulated pizza boxes and beer bottles. Maybe that will be you! Just dont call your invention a cleanatrashamatic. |
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