CE#575: Innovate Like Edison (OPEN Forum AMEX)

These five principles, which the authors dubbed “Edison’s Five Competencies of Innovation,” can help any small business owner maintain a competitive edge through breakthrough processes, products and services.

1. Solution-centered mindset. Edison consistently used reading as a catalyst for experimenting with new forms of thinking. This, along with his unique brand of optimism, generated solutions more rapidly than any of his competitors.

2. Kaleidoscopic thinking. Edison’s mind worked like a kaleidoscope. He consistently visualized problems from multiple angles, which allowed him to come up with solutions that weren’t obvious to others.

3. Full-spectrum engagement. Edison held specific ideas about balancing work and play, solitude and collaboration, concentration and relaxation. He was a fun-loving father of six who had a great sense of humor. He could shift his focus of attention in fluid ways from work to personal, helping him live a full life.

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