Empowering The Innovators of Tomorrow
A great measure of confidence comes with the innovation of fantastic deeds. The future is calling the innovators of tomorrow. The innovators are learners who come up with ideas, thoughts, and plans that if well executed will turn the idea into a business. It requires a set of crosscutting practices and processes to structure, organize, and encourage it. Few companies are able to bring this kind of rapid breakthrough innovation from concept to market success. In a highly competitive business environment, companies can no longer compete simply on tangible assets such as the latest equipment, or by offering the lowest cost to customers. The ability to innovate also affects your market potential and provides you with a means of competing against emerging markets, a shrinking labour force, and accelerated technological change.
In fact, innovation has become a key strategy to attract and retain your customers in a fickle market. But what are those dots that combine to make a line?
Encouragement: A key factor for any idea to be a success is encouragement. The encouragement to turn that one thought into a strategy. A strategy into a plan and then execution of that plan. With all these steps, we come to a step closer to the launch of the product, and boom it worked out.
The goal is to have everyone think of themselves as an entrepreneur who has the right and the duty to solve problems and seize opportunities – not to offload them to others. In many organizations problems are passed up and down a long chain of command. They are postponed, delegated, transferred, ignored, and eventually handled by some remote manager who cannot avoid the issue any longer. In the empowered organization they are handled by the first employee who encounters the problem. They have the authority to solve problems and take initiative fast. They do not do this in isolation – they communicate. The senior team knows what is going on – but because they trust people to do the right things they find out later – after the fact in most cases. This involves risks but it pays back in a much more agile, effective, creative, and dynamic mode of operation.
How do we empower young minds?
“To use science and technology to change the world, the most important thing is to prepare yourself, educate yourself,”Young people are most likely to turn their energy into attractive and creative works if proper guidance is provided. There are 1.8 billion young people in the world today, nearly 90% of whom live in low- and middle-income countries — the largest cohort ever. With the increasing amount of unemployment after education, students must be educated about the skills and techniques to gather useful information and finally the skill to master innovative ideas. Various programs are organized that blend leading approaches to youth and adolescent development, social innovation, and entrepreneurship to empower marginalized youth and adolescents to become social innovators and social entrepreneurs. These programs combine social innovation workshops, mentorship, incubation, and seed funding, to equip young people with the skills and resources they need to identify problems in their own communities and design solutions for them. The opportunity to develop these skills in an entrepreneurial environment leads to increased confidence and resilience and increased feelings of agency amongst young people – they view themselves as more skilled, more employable, and with more positive future opportunities.
Young people are the future. They should have the opportunity to fully participate in the economy. By acquiring the right skills, having well-paid, rewarding jobs, and creating value for themselves and their community. At the same time, our economy is changing with new norms and requirements. New technologies, ways of working, or migration impact places and communities, bringing new opportunities and challenges.