Sunday, January 18, 2015

Insight is Key to Success

After reading "Where to Look for Insight" from the Harvard Business Review, some ideas became evident. The article states, "We recognize that many people arrive at great ideas more or less serendipitously, but we nevertheless believe that it’s possible for individuals to approach innovation in a more systematic way." I would have to disagree with that statement. I believe more times than not, people do not arrive at ideas "serendipitously.” I believe people do have insight coupled with intuition.
That intuition leads them to analyze what consumers are looking for and create whatever meets those wants and/ or needs.
For example, in #Girlboss by Sophia Amoruso, Sophia makes an extremely successful business through her idea to sell vintage clothes on eBay.  She
started it to make ends meet. Sophia knew that the revenue from her sales would cover her costs because there was a need for what she was selling. She also had the right intuition to know what her customer would want and how to market it in a way to attract customers. In the article, confluence is one of the seven insight channels. Sophia saw the online shopping trend and need for vintage clothes, and combined that into a good business. She knew her consumer and knew how to make herself different from her competitors. Customers could relate to the model because they were not real models, Sophia would dress the models head to toe so the customer could see how to style the outfit, and she edited the image in order for them to gain attention from consumers out of the plethora of other image that are out there. There was no luck involved, she simply made smart business decisions.
I think people are caught up with "serendipitously" when they see how successful something has grown to be when that was not the original intent. Sophia had the insight on how to innovate vintage clothing sales, which is why she became so successful years later. She never intended to have that success, but she was smart enough to know how to create it.

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