EDISON’S FIVE COMPETENCIES OF INNOVATION

The term “core competence” was coined in 1995 by global business strategist Gary Hamel. A competence refers to a bundle of skills and technologies which, when mastered, yields competitive advantage. “Innovation competence” is a variation on Hamel’s term, describing the bundle of skills Edison used to generate competitive advantage through his innovation system.

Edison’s Five Competencies of Innovation™ propelled him to a record 1,093 U.S. patents as well as 1,293 international patents. Edison’s approach to innovation not only encompassed the development and launch of extraordinary products and services, it encompassed deep mental preparations as well. The Five Competencies of Innovation are:

Solution-centered Mindset

Kaleidoscopic Thinking

Full-spectrum Engagement

Master-mind Collaboration

Super-value Creation

Supporting the Five Competencies of Innovation are 25 Elements, or building blocks. Each competency has five elements each, allowing an individual or team to master Edison’s innovation system step-by-step. 

Mastering the Five Competencies of Innovation and its 25 Elements creates innovation literacy for every employee in your company. 

Click here to see the Edison Innovation Literacy Blueprint™