Economic Development Futures Journal

Tuesday, January 28, 2003

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Five Pitfalls Hindering Innovation

What are some of the things that could stand in our way of innovating in the economic development field?

Here are a few tips from innovation specialists Charles Prather and Lisa Gundry:

1. Identifying the wrong problem. (No wonder we get the wrong answer.)

2. Judging ideas too quickly. (Be open to ideas that are not yours.)

3. Stopping with the first good idea. (You will need lots of good ideas.)

4. Failing to get the "bandit on the train." (Who could derail you internally?)

5. Obeying rules that don't exist. (And sometimes following dumb rules that do exist.)

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