Innovation short essay needed 400-500 words

Blood Sugar Pen/Pencil Innovation

Innovation is a process of introducing something new be it idea, device or procedure of doing things differently to the already existing business. Many businesses adopt the use of new inventions to help improve on their production of goods and services using the latest technology possible. Before one chooses the kind of inventions to use, he or she must consider some factor to help evaluate the level of innovation which can be one combination of several models for maximum productivity of quality goods.

The project in any business is undertaken to ensure that the firm can make extra income due to the added input. The project usually is integrated with incentives which use the latest technology for the production of the goods and services (Cohen & Levinthal, 1990).The project is of great value to the business for its high expectations of returns associated with use of new innovations.

The use of new technology, new materials and devices or following new methods in the production department is the innovation. The level of the innovation being employed in the new project can be evaluated to know whether it’s affecting the business positively or negatively (Burns & Stalker, 1961). The evaluation can be done using several models which include; The Lean star up Plan, SNIFF, NOMMAR and the linear and mental model of innovation. One may choose one or several models to use depending on the type of innovation. These models will help the business to know how the innovation has affected their project either negatively or positively.

Innovation evaluation using NOMMAR model is one of the models that we used. One first focuses on the needs of the rear incentive being used and this is the one that we chose. The managers determine whether there might be technology in the firm needed to satisfy the need of increased productivity. The availability of the potential market to sell their goods is also evaluated. We also used the Lean Start Up Method. This method uses the process of experimenting to come to a final decision in relation to the new product. The manager also tries to find out the business model where the innovation will be used and the real approach to be used (Teece, 1986). Finally during the evaluation of the innovation the managers should conclude whether they recommend its use or not.

After careful consideration, our group found that this pen/pencil would be a good idea because not only is there a need for it, it could save lives. According to the American Diabetes Association 29.1 million people had diabetes in 2012 that is roughly 9.3% of the population in the United States. Diabetes is prevalent in all ages but it is more prevalent in seniors. Seniors age 65 and older remains high, at 25.9%, or 11.8 million seniors (diagnosed and undiagnosed). In 2012 there were 1.7 million new cases in America. Diabetes is the seventh leading cause of death in America. In 2010, there were 69,071 deaths and diabetes was listed as the primary cause of death and there were 234,051 death certificates issued with diabetes as an underlying or contributing cause of death (Statistics about Diabetes).

The blood sugar pen is an easy way to monitor an individual’s blood sugar levels. This device will reduce the number of deaths related to a spike in blood sugar. The blood sugar pen looks like a common pen, and it actually works as such. However when this product is on a person it acts not only as a warning but it is also an injection dose of insulin to rapidly reduce blood sugar, therefore minimizing a blood sugar crisis.

The product would be approximately 5 inches in length and diameter of around one half of an inch. Inside the cylinder there is a microchip that constantly monitors blood sugar and if the changes are dramatic an alarm sounds and one of the small vials of insulin is released and injected into the body closest to the pen.

The second idea came from Malorie Hawkins a visual cell phone and it is a high tech phone. This type of phone is not just a phone that you can use for communication by mouth but you can also watch the latest movies, look at your favorite television show, check out the latest books and you can view the internet. Innovation evaluation using NOMMAR model one first focuses on the needs of the rear incentive being used. The managers determine whether there might be technology in the firm needed to satisfy the need of increased productivity.The manager also tries to find out the business model where the innovation will be used and the real approach to be used(Teece, 1986). The idea that I chose was a blood sugar pen/pencil. The blood sugar pen looks like a common pen, and it actually works as such. However when this product is on a person it act not only as a warning but it is also an injection dose of insulin to rapidly reduce blood sugar , there minimize a blood sugar crisis. The product would be approximately five inches(5) inches in length and diameter of  around one half inch (½) inch. Inside he cylinder there is a microchip that constantly monitor blood sugar and if the changes are dramatic an alarm sounds and one of the smell vial of insulin is released and injected into when the section of the body closest to the pen. I think that ideal method of evaluating innovation, I think the lean start up method would be a perfect tool. As you already know this method uses the process of experimenting to come to a final decision in relation to the new product.