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Formula for successful innovation

11 April 2007

Dr. Tom Osborn of Proctor & Gamble gave a very interesting talk on “Views on Successful Innovation & Innovators” and he gave a formula for successful serial innovation:

C\cdot\left(4Ps - 3Fs + 2Rs\right)

where, the C is effective communication, 4Ps are problem selection, working principles, passion, and persistence, 3Fs are managing fears, frustrations, and failure, and 2Rs are relationships (mentor/mentee, value colleagues/develop networks, value family) and knowing unwritten rules.

The talk was a part of the course, GE 498MTV, Creative Modeling for Technology Visionaries. Here is a Here related post at ETSI website:

Dr. Osborn is one of select group of Victor Mills Research Fellows at P&G. His inventions have helped generate sales in excess of $1.5 billion dollars/years, he is holder of 122 US patents, and his work has spanned many technologies and disciplines.


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