Innovation Ideas are everywhere, all the time, but not all of them are going to be quite what you are looking for. Some innovative ideas may well work very well for one company in one area, but not for another company in the same niche. For example, an innovation may well be a wonderful idea for one business firm in one geographic location and perhaps not another business firm in the same geographical location. Thus, innovation for innovation is local innovation, localized innovation. In other words, innovation is really about getting creative with your innovation ideas because innovation really is a matter of creativity. It is really about the ideas that are being traded among different firms in your industry.
The best way to think about innovation ideas is to think about what innovators are doing that is contributing to an overall innovation process. Many innovators are innovating new products or services that can further help consumers, which are often businesses such as retailers. These new products can also make it easier for businesses such as retail establishments to sell their products to consumers in a more convenient manner. Often, these innovations come from the market research that those innovators go through before they come up with the new products or services that they believe will be of value to their customers. When the market research is done, it helps to make sure that the innovations that are produced are actually worth the investment that has been made in creating the new product or service.
It is also important to think about innovation ideas that are applicable across various business categories. Many business innovations are truly global in nature, but there are many innovations that are truly local to particular business industries. For example, one type of innovation is that created by a Chinese company called Leshi which utilizes water purification technology to help reduce the amount of toxins that are being used in the water. Another good example is the innovation of biodiesel, which is becoming increasingly popular as a viable alternative to traditional fuels. There are many other examples of local and global innovation ideas that can be implemented in the business sectors of all types.