Summary: Laws exist to keep some form of order or control such as the traffic laws we follow to avoid chaos as we drive around. There are a variety of laws that exist. Scientific laws are laws that we can test and prove, and we can reconfirm that the law still applies. An example would be the law of gravity that always exists.<br> <br> There are also other kinds of laws that we use in the context of business terms. In this case, those laws are observed and validated over extended periods of time. We can test them, predict from them, and see if those predictions are true. A perfect example of a law used in business is Moore's law, which states that the number of transistors on semiconductors will double about every 18 to 24 months. This law has been in place since the 60s and is continuously validated. In the realm of business, the adherence to laws governing innovation success is crucial for companies aiming to thrive and stay ahead in the dynamic market landscape.<br> “Innovation is not just about birthing ideas; it's about breathing life into them. Astonishingly, only 1 in 3000 ideas actually get executed, making the journey from notebook to reality a true rarity.”<br> There are some things that people mistake as laws that are actually <a href="https://killerinnovations.com/5-myths-of-innovation/">rules of thumb</a>. Rule of thumb is an anecdote that is based on personal experience or some lore that has been passed down. One of the most prevalent rules of thumb is the 8020 rule, which says that 20% of your actions generate 80% of the results. For example, 20% of your customers generate 80% of the revenue, or 20% of your trouble tickets generate 80% of your truck rolls. What is interesting, though, is that this rule has been proven to be not very sound. Rules of thumb are good to identify if there is a problem. It is an early test to see if there's something that you can narrow down to find a problem that you can work on, but a rule of thumb is not a law.<br> Laws of Innovation<br> The laws of innovation have been observed and validated for over 30 years by successful people. They are not a rule of thumb. These laws are proven and tested for effective innovation. I will be specifically covering the seven laws of innovation.<br> Law of Leadership<br> The first law for successful innovation is the law of leadership. Good leadership is a foundational necessity. High-quality <a href="https://killerinnovations.com/the-best-of-killer-innovations-the-art-of-innovation-leadership/">leaders prioritize innovation</a> and show it through their actions. Leaders do not only fall in the executive leadership category such as the CEO or the owners of a business. Leaders include everybody from lower-level team leaders to organization leaders. For example, if you are a project manager, you don't have people reporting to you, but you've been put in charge of a project to deliver. Therefore, the law of leadership applies to you. If innovation is important to you and as important to your organization, you must demonstrate it. The team will follow you based on what you model to your organization.<br> Law of Culture<br> Law number two is the law of culture. A lot of organizations focus more heavily on their strategy. They are trying to come up with the perfect strategy to achieve success. But culture is foundational. What I mean by foundational is that it lays the bedrock that everything else in the organization builds upon. If you do not have a <a href="https://theinnovators.network/leadership-build-the-culture-you-deserve/">well-defined culture</a>, that foundation is weak. Without the ability to drive a program of innovation inside any organization, your team is going to fail. Specifically, around a culture of innovation, there are certain elements that you need to have in that culture such as the willingness to take risks and not penalize people for it. If team members try something and fail,
