Idea Czar Profile

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An Idea Czar is a catalyst for new products, processes, and services.  Here are several traits and characteristics that an Idea Czar possesses.


Big Innovation
PERSONALITY PROFILE: Innovators are energetic, imaginative, and creative people who take inspiration from the world around them. Many are non-linear thinkers who can switch between using both the right- and left-hand sides of their brain. They enjoy taking risks and have a strong thirst for exploration, understanding, and acquiring knowledge.


AN ENDANGERED SPECIES: Did you know that inventor-innovators are a rare and endangered species? Think about it: how many do you know? (Leonardo da Vinci, Walt Disney, Buckminster Fuller, or Nikola Tesla don’t count since they are not alive)


WANTED: Many companies and organizations are in dire need of Idea Czars because they are innovative souls who can think past the confines of the box. They push and play beyond the boundaries of common expectations and forge ahead into the realms of possibility, where they wield their creative wands to create both products and services that change the world we live in.


THE ART OF INVENTING: For most inventors, the art of inventing just happens. It’s hard to explain, but it is comes down to being in that exact moment in time when a difficult concept is suddenly grasped. In that flash of understanding, an idea is born. Inventions are mostly brought on by the need to solve a problem; often, that problem has been brought on by another invention or a family of inventions. But regardless of why we invent, the way we invent is important. To invent means to challenge conventional thinking. It helps to put the mind into the field or discipline where the problem may exist. Then, once you’re there, you must break past common conceptions and be open to new possibilities.


INVENTOR CAPABLE: Here’s something to consider: although over 15,000 patents have been issued to Xerox, only 16 individuals in the company’s history have broken the 100-patent mark (one hit 155). On average, it takes three months to a year to file a patent and another three to five years for it to be awarded. Not every patent application becomes a patent, but generally speaking, to go from idea to patent takes four years and approximately $10,000. In comparison, in the pharmaceutical field, it takes 10 to 15 years to develop a product and complete clinical trials and regulatory reviews. In real-life terms, that means that a five-year-old today would have to wait until his or her junior year in college to receive medical benefits from a drug that’s currently being developed. Also, the average development cost of each drug is approaching $600 million.


NETWORKED: Anyone who’s going to be efficient and successful has to have a network—inventors are no exception. A network may include individuals or firms who can support the development of an idea; it may also include firms who work with products, designs, strategies, and/or marketing and branding; engineering development and analysis firms, manufacturers and distributors, patent and licensing lawyers, and, of course attorneys, accountants, and bankers. The point here is that even though an idea may be created by a single individual, it takes a small army to make an idea into a reality.


DRIVEN RESEARCH & DEVELOPMENT: In 1987, the United States spent the most it ever had on funding Research & Development as a percentage of its GDP. (Levels not seen since.) This led to the country’s innovation peak…and subsequent innovation drain. In 1995, the United States led the world in economic competitiveness and market leadership. However, with fewer annual dollars being invested in R&D, year after year, the country’s innovation growth rate began to slow. By 1999, the Innovation Index showed the US lagging behind Japan and Switzerland. It won’t be long before the US gets further behind—there is a new surge of innovation centers in emerging economies like China, India, Ireland, Malaysia, Singapore, South Korea, and Taiwan. What does this trend mean? Two things: innovation is growing globally, yet there is a decreasing body of innovative talent in the US. And as more baby boomers retire and R&D funding continues to drop, there will be less and less experienced talent to source. Now is the time to refuel and re-energize R&D centers with Idea Czars. The new ideas that will drive tomorrow’s corporations need talent and funding now. With the right innovative talent, corporate product portfolios can grow and expand rather than shrink and contract…and the former must happen if the U.S. is to regain its global foothold on innovation.




IDEATOR

Idea Coach, Idea Guru, Idea Genius, Idea Mastermind, Idea Chef, Idea Producer

Idea CEO, Idea Pathfinder, Idea Star, Idea Principal, Idea Chief, Idea Director

Idea Generator, Idea Pro, Idea Man, Idea Artist, Idea Smith, Idea Painter

Chief Creative Officer, Chief Innovation Officer, Innovation Coach

Create. Innovate. Build. Strategize.

Envision. Synthesize. Act. Connect.

Lead. Deploy. Complete. Champion.


 

The Idea Czar Profile: Driven to Create and Innovate