Innovation is a process, the way resources are used to affect the common weal (a sound,
healthy, or prosperous state), or to create a new resource. An innovation is the result of that
process. Resources include people, capital, knowledge, relationships, tools, facilities, land
and nature. The activities within the process of innovation (or projects) act on the resources
within the context of an organizational, community or national culture. A culture is composed of
philosophies, beliefs, values and behavior norms. Culture determines how innovative an
organization or society is, and influences the process in subtle ways that shape the type of
innovation that results. An innovation has impacts on and consequences for culture and
resources. The capacity of the resources and culture for the process of innovation can be
increased through education, communication, incentives, infrastructure and measurements.

An innovation that meets an emerging need is much more likely to be accepted and have a
longer life than one that attempts to create a new need, or of course, one that meets a past or
declining need. As the process of innovation requires time, leading the process requires
foresight. The foresight horizon must extend into the future at least as far as the innovation
process is long.  And, the coupling between views of the future and the innovation process
must be tight in order to adjust the target of the innovation process over time.

Glocal Vantage provides research, consulting and training in order to develop foresight and
leadership of the innovation process. GVI specializes in the development of real-time,
collaborative, strategic and market intelligence systems, based on web 2.0 technologies, in
order to facilitate the innovation process.

According to Wikipedia, “Web 2.0 is a living term describing changing trends in the use of World
Wide Web technology and web design that aims to enhance creativity, information sharing,
collaboration and functionality of the web. Web 2.0 concepts have led to the development and
evolution of web-based communities and hosted services, such as social-networking sites,
video sharing sites, wikis, blogs, and folksonomies.“

In order to advance the state-of-the-art in the application of Web 2.0 technologies to foresight
and the innovation process, GVI has set-up an Insight-Intelligence-Innovation (In3)
Collaborative at
http://incollaboration.ning.com. Please join this effort. You will benefit even if
you are only a casual participant. The more you participate, the more you will benefit.
Glocal Vantage Inc.

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