Does An Idea Have Value?
A similar question was recently posed in an online discussion. Some people answered this question quickly by saying that ideas are worth absolutely nothing until someone puts money down on the table for them. I wholeheartedly disagree. Value is not just about dollars and cents. Value can be about potential – for change, innovation, meaning, emotion, function, or design. Even in the context of business, these elements, especially in today’s economy are the keys to business success. It’s the businesses that understand that, the ones that have the intuition and sense to see and believe in that potential, that will be the ones that move on to create the future in business world.
In Daniel Pink’s book, A Whole New Mind, he states his theory that right brainers will rule the future in business. Pink argues that outsourcing (finding manufacturing overseas for cheaper production) and automation and computerization (replacing the information based knowledge workers) are forcing the Information Age to give way to a new Conceptual Age that values creativity, innovation and inventiveness. Ironically, it’s those intangible things like ideas that cannot be replicated or automated, that will give a business its greatest value.
Every business starts with an idea. It can be an epiphany that wakes you up in the middle of the night. It can be inspired by something you see or hear. It can be born from a desire to try to do something better than how it’s been done before, or to invent something that never existed before. But how do you know when an idea is just an idea or when that spark is something that has potential to be big and worth turning it into a business? Oftentimes, that’s where the strength of the conceptual side of the brain kicks in. Studies, focus groups, and market research can play a role, but if an idea is so innovative that there’s nothing to compare it to, then research results may not reflect an idea’s full potential for success. Likewise, if a business relies too heavily on consumer input, especially with a highly innovative idea, the results may be the same. Consumers know what they have seen before. They are not innovators, they are consumers.
In the early 1970’s Xerox created the Alto, considered by many to be the first PC for desktop use. Unfortunately for Xerox, they lacked the vision to see the full potential and the ability to innovate quickly enough to bring it to market.
They were left in the dust when in 1979 Apple Computer’s Steve Jobs visited Xerox and was said to have taken inspiration from their innovation and in turn incorporated similar technologies into the MacIntosh. So when answering the question of the value of an idea, just ask yourself what that idea was worth to Apple. The rest is history.
One of the basic concepts in social media and online networking and marketing is about giving, yet there seems to be a lot more taking going on lately. Although I agree that the participation in the social web absolutely needs to have that element of helpfulness, it doesn’t mean that professional creative services should be expected to be given away for free or for a few bucks. Here are a few recent scenarios that have come to my attention:
































