What Is Innovation? (The Secret Formula To Success!)

[@AJSmart]

Which companies are currently innovating UNDER the radar?! Who's crushing it with innovative products or services?! Let us know in the comments below and let's start a discussion! Looking to implement innovation, check out our latest Design Thinking video here: kzbin.info/www/bejne/nXmqf2meqJeakLs !

[@leonelbustosb]

I must say, this video is the best example for innovation. There’s nothing new about what you are talking about, but the execution and the way it is showed is what it makes it innovative

[@AJSmart]

Ahaha thanks Leo! Really nice to hear that and glad it hit the mark!

[@kjs192]

An example that comes to mind is Ikea. It's a furniture store - not very novel, right? But the execution is amazing. It's a seamless ecosystem that makes it easy to find anything - even every screw has an ID number. Instructions are not all that complex and anyone, anywhere, can follow them. Their quality is open and transparent, with testing and warranties. I'm routinely impressed with the customer service. The stores have routes so you just follow that and don't have to think about it. Yes, I'm an Ikea fanatic.

[@DeepShah16]

This video changed my perspective on Innovation completely , no one explained this in such Simplified manner !!! Thanks @AJ&Smart !! I would love see more videos on Design Thinking :)

[@AJSmart]

Wow thanks thats great to hear Deep! We'll make more for sure. Check out our Linkedin for LOADS of short vids and articles on Design Thinking and Innovation! www.linkedin.com/company/aj&smart

[@maxangenius2635]

Watching an AJ&Smart add on an AJ&Smart video is pretty meta. I give it 10 sticks!

[@AJSmart]

Thanks for the heads up Max! WE LOVE METASTICKS GIVE US MOREEEEE!

[@clicavoli]

So good!! This formula for measuring innovation, the explanation on the importance of execution over creative ideas and examples of the process and systems that fuel teams to innovate in market leading is F-ing awesome! Carrying this forward in my work immediately! ♥️ you guys and what you're doing for the tech industry!

[@AJSmart]

That's AMAZING to hear! Great to hear it was so valuable for you! Let us know your team's thoughts!

[@HelenaMeow]

Honestly, the best channel on KZbin 🤟🏻

[@AJSmart]

Wow thanks so much Helena! That's some accolade!

[@HelenaMeow]

AJ&Smart ❤️🙌🏻

[@AJSmart]

Helena Meow ❤️

[@Saphant]

Can't express how great and transformitive your videos are. They have helped me countless times navigate, understand and formulate concepts within the creative space. Thank you, so much.

[@AJSmart]

Wow thanks, that really is some compliment! We're actually very touched! We'll keep it up!

[@sarroora]

This is easily one of my favorite videos on what innovation really means. Thanks so much!

[@AJSmart]

Wow great to hear! Glad we hit the nail on the head! Thanks!

[@davidd4511]

Interesting Formula! Thanks for these videos! But you are not talking about two important topics: 1. Risk: Innovation always means to take a risk, right? That could also be an explanation, why some companies are not willing to put too many resources into a product, that might fail, and thus have a bad execution. Also an argument for the apple strategy to first observe the market development. 2. Motive: Why are companies innovating? What is driving them? What is the philosophy behind innovation? Is it just market share?

[@alonharosh101]

While i can intuitively understand the concept of bad or good idea, i couldn't understand what do you mean when you are talking about bad or good execution? Please can you explain it in more detail. Thanks

[@abdelhakmeddoc5568]

You are talking not in a childish way and this make you more CEO ... (🤔) I like the video

[@AJSmart]

Glad you liked the video!

[@SuperGsfa]

Brilliantly put @Aj&smart

[@AJSmart]

Thanks!

[@hamzahqazi8960]

Hey AJ&Smart, Love this Video, great content!! Thank you very much! Much love.

[@AJSmart]

Awww thanks Hamzah, much appreciated!

[@RyandeMetz]

I'm here for the bloopers 🤩 Great job boys, love how simple you made a quite often over-complicated concept in business. Perfect execution.

[@AJSmart]

Offft we see what you did there! Nice one! Thanks Ryan!

[@wise_nut]

I just love AJ's quickness

[@AJSmart]

Thanks Hazel! We try...

[@wise_nut]

AJ&Smart oops I meant to say quirkiness... 🐶

[@AJSmart]

@@wise_nut ahaha we thought that was a joke sorry! Quirkiness! Yes! WE TRY!

[@nandiniramola6063]

Now i exactly know about the innovation.

[@Robwindanubia]

What a great explanation thanks for sharing

[@AJSmart]

Glad it was helpful!

[@stormsurge1850]

You could count modern Apple in this conversation. Not because of secrets, but people pretend that they aren't innovative anymore. Especially here on KZbin and Reddit, there is a HUGE anti Apple bias. There will probably be Apple haters in the comments simply because they saw the Apple logo on the thumbnail with the word innovative. That is a trigger for Android fanboys lmao. Wait until they release their AR glasses in the next couple years. That will be Tim Cook's huge achievement. Airpods and Apple Watch are impressive too, but it's no iPhone.

[@AJSmart]

For sure! We reference Apple multiple times, we're HUGE Apple fans here at AJS, and we get that they tend to move very slowly, analysing the market and then releasing that KILLER product that beats everything else. Airpods and Apple Watch are the prime recent examples!

[@stormsurge1850]

@@AJSmart It was a great video btw :)

[@ShagariGuity]

Great video!!

[@irfanali-cr6up]

How do u know that execution of idea is good, bad, so so etc ?

[@AJSmart]

Customers / users like it? It makes money? There are many ways, but testing with real users, then iterating is what it's all about!

[@Mg-ub3dk]

Nice methodology or process(The secret formula to success sound like a good book written by you :) ) like the execution results $£:) I think the experiences play a deep role in deciding which product or services have any of the ideas ratings. So can we say on till users experience all this product and services then they can judge the innovation rating?

[@AJSmart]

Hey thanks a lot! MAYBE we should publish that as a book haha... NY Time bestseller list anyone? Interesting point BUT ideas can come from anywhere in the team, granted they need to be validated by execution and testing, but we find limiting idea generation to experienced 'innovation hubs / design teams' just limits the potential pool!

[@Mg-ub3dk]

@@AJSmartyou are right too

[@Grewal0007]

I really love this video 😊

[@AJSmart]

Thanks Gurpreet! Which companies do you find inspiring when it comes to innovation?!

[@bensonthuku6632]

I believe sony has been quite innovative especially when it comes to releasing their consoles...they come up with an idea to make their consoles better to their target market, they make people anticipate on the product, giving out hints and rumors on how the product would be better and they do get huge profits from it after they release it.

[@AJSmart]

They also market them A LOT better. Sony is a great example agreed!

[@rbnplgrm]

You guys rock.

[@AJSmart]

Thankssss!

[@aliremmo768]

Why do you mean by executing these ideas? Is it marketing or sth else?

[@ChrisFederer]

Great job. Just helping reach with a comment.

[@AJSmart]

Haha that's very kind! Thanks Chris!

[@markosekulic8959]

This was excellent explanation, thanks a bunch! You're born to teach my man... :&

[@AJSmart]

That's very kind thanks! Glad you found it valuable! What else would like to see...?!

[@Design.by.Hameed]

Thank you

[@AJSmart]

Thanks Hameed! Do you have a favourite company or business that's crushing it with innovation?

[@armandodeveloper3058]

Microsoft is not obviously innovating but is still innovating

[@BrianDonato]

Appreciate the video - Everyone should reflect on how to be innovative right now! The last video on my channel is what I'd do as president & I discuss a lot of innovation. I hope videos like ours really inspire people to self-reflect about it. Just subscribed to your channel also - Keep it up.

[@kiflomgarya]

USA

[@AgentCell]

Bloopers FTW 😂

[@AJSmart]

hahaha glad you liked them! These ones were particularly risque!

[@BoldMindHQ]

_Google still waiting for its turn_ ;_;

[@AJSmart]

Ahaha we should have spotted that 'easter egg'!

[@nuyou21]

I love how you left Google out. Then again looking at their graveyard of failed products it's not like they've ever had any good ideas or execution. 😂

[@AJSmart]

Hahahha nooooo that was just on the board for.. other...reasons... Nah we just free flowed with it all! But well spotted!

[@nuyou21]

@@AJSmart 😁 The list just goes on and on. 😂 killedbygoogle.com/

[@AJSmart]

@@nuyou21 haha we know :O

[@fariaanzum7564]

Why do you think airpods are innovation?

[@Cypher360clothing]

Domino's Pizza.

[@AJSmart]

????

[@okishan]

For the first time, I don't agree that the video made sense. Innovation is still innovation. When a new idea or a feature is developed, it's called innovation. The video was more about what a "successful company" is. You considered every successful company is an innovator. The only point I can agree to is, idea without execution leads to a failed product.

[@AJSmart]

Hey Ishan the point you agree with is the point we made the whole video. It's about execution! That's why we featured the whiteboard demo. How would you define innovation instead?

[@okishan]

@@AJSmart as I said and as the dictionary defines it. "NEW" idea/feature/product/ anything. What you were talking about was how a company can be successful without being innovative but because it is successful we will call it innovative.

[@AJSmart]

@@okishan Ok true then we see that now! Thanks Ishan!

[@okishan]

@@AJSmart I'm sure Jonathan hasn't seen the comment. 😂😂😂 I'd be getting cursed already

[@AJSmart]

@@okishan No not at all! hahah!

[@novanoskillz4151]

Apple is no longer innovative imo