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EDITORIAL                                                                             newDATA
                                                                                                   MAGAZINE


                  TRUE Innovation






            I recover the theme of innovation, explored           It is the people who are in the companies
         in the article "The importance of PEOPLE in           that depend on them for a living. Therefore,
         innovation, as a survival strategy for SMEs,"         putting people at the centre of the disruption,

         in which I presented the notion of "innovation        differentiation, and change inherent to a "true
         as a survival strategy," especially considering       innovation" is reasoning that will be within
         the context of Small and Medium Enterprises           everyone's reach, but what matters the most
         (SMEs).                                               is to explain how this can happen.

            I accept that this is only one perspective of         It is essential to understand that SMEs are
         the problem. Still, even so, I return to the          the ones that have the fewest tools to

         subject considering that there are three              innovate and are, in general, structures
         determining ideas behind it: what is                  without financial stability. This reality is
         innovation, what is the universe of SMEs, and         incompatible with innovation procurement
         what is their financial profile.                        processes, which generally happen by hiring

            First of all, the definition of innovation that     external consultants. If, on the one hand,

         seems more realistic to me is the one                 external hiring brings solutions to companies
         presented in the Oslo Manual    (OECD and             that don't have the resources to find them, on
         Eurostat, 2018), which says: Innovation is            the other hand, it generates a severe
         more than a new idea or invention. An                 dependency: solving problems through

         innovation requires implementation, either by         innovation requires recurrent investment.
         being put into use or made available for use             So, what is the solution? The answer is to
         by other parties, firms, individuals or                train people. The need for investment is
         organizations." Secondly, it should be borne          much lower, and the results are lasting

         in mind that, according to the Worldbank    ,         because it equips the company with the
         SMEs account for 90% of businesses and                know-how capable of implementing internal
         employ more than 50% of people globally.              innovation processes without the permanent
         Finally, according to the Worldbank   , SMEs are      and costly external dependence.

         less likely to get bank loans than large                 We are in the presence of the old "make or
         companies and rely on their funds, or money           buy" dilemma. In this case, the solution is
         from friends and family, to launch and run            "make" and, for this, it is necessary to TRAIN,

         their companies.                                      to INNOVATE!
            It seems to me that the alignment of these

         four ideas, "survival strategy," "innovate is                           Horácio Lopes
         implement," "90% SMEs worldwide", and                                   Gestor de projetos . Consultor de
         "funding is difficult," suggests that the                                 Gestão . Editor newDATAmagazine ®
                                                                                 Formador
         solution lies with people.                                                  Perfil | Profile


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