Food for Thought about the Next-Generation Organizations

 

 

 

 

 

 

 

Category Archives: Innovation

How to Measure the Value of an Innovation Initiative : Is it Really Worth the Investment ?

When you publicize and hold up the successes of an Innovation Initiative and incentivize participation, you encourage intrepreneurship (entrepreneurship within your enterprise) and that engenders a fuller commitment by employees. Your employees with brilliant ideas will feel that there is a place they can turn for resources and development support. In addition it gives all employees confidence that their enterprise is working towards staying ahead of its competitors. In industries that have products that have not changed in years or even decades (mining) this will engender a sense of forward momentum throughout the organization.

How to Measure the Value of an Innovation Initiative : Is it Really Worth the Investment ?

Knowing what your business values will allow you to position your innovation initiative for success — because in the end you will get what you measure.

Culture of Innovation : How to Transform Your Employees into Innovators

Innovation = idea + execution + adoption
1/ A success is value creation
2/ They democratized the innovation ; everyone is responsible for coming up for the ideas that will creates values for the customer. A success is a collection of thousand and thousand of ideas that creates values.

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6 steps program to create a global culture of innovation :
1/ Mobilize toward common mission
2/ Amass ideas in central repository
3/ Support and educate your employees (teach them how to spot ideas, how to listen to customers)
4/ Triage ideas for validity and priority
5/ Execute valid ideas in timely manner (nothing kills an innovation program faster than not executing good ideas on timely basis)
6/ Recognize employees for contribution (it shows appreciation and transform your employees into innovators)

Culture of Innovation : How to Transform Your Employees into Innovators

Clips from my keynote at Global Insurance Symposium in Des Moines, Iowa. What is innovation and how to create a culture of innovation through a simple 6-step…

Six Levers for Solving The Corporate Innovation Problem – Part 2 | Innovation Management

We do not think that the source of the corporate innovation problem is the individual innovator. Rather, we believe that the corporate innovation problem has two root causes :

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– The complexity problem. Today, companies are dispersed, geographically, by sector, by technology and culturally. R&D labs are positioned all over the globe and wheels are being reinvented over and over again.
– The systems problem. In most companies the complex fabric of leadership, KPIs, culture, innovation capabilities of staff, innovation routines and systems that support innovation work is not knitted in a way that it fosters innovation.

Six Levers for Solving The Corporate Innovation Problem – Part 2 | Innovation Management

The corporate innovation problem : The figures In the first part of this article we have outlined number of routes that companies take in order to achieve excellence in the early phase of innovation (“Fuzzy Front-End”, FFE).However, as a number of studies have found, there is a pressing problem on hand. We call it the “corporate innovation problem”. It manifests in three ways : Only 10-20 % of innovations succeed in the marketplace. Firstly, despite of all of the investments into the FFE, the success rate of innovation is still low.

Innovation Isn’t an Idea Problem

“When most organizations try to increase their innovation efforts, they always seem to start from the same assumption : “we need more ideas.” They’ll start talking about the need to “think outside the box” or “blue sky” thinking in order to find a few ideas that can turn into viable new products or systems. However, in most organizations, innovation isn’t hampered by a lack of ideas, but rather a lack of noticing the good ideas already there.

It’s not an idea problem ; it’s a recognition problem.”

Innovation Isn’t an Idea Problem

Defining an Innovative Firm – It is Much More Than Technology | Innovation Management

Crucially, every person in the business needs to think of innovation as part of his or her job. Clearly this applies to the CEO and management, as we have seen, but it is also important for board members to think in this way, as it is their job to find a balance between investing in innovation and the tyranny of short-term profits. Managers also need to understand how to encourage and enthuse all staff members if they are to get the most from them – motivated employees are more productive and will try continuously to improve and innovate.

Defining an Innovative Firm – It is Much More Than Technology | Innovation Management

Innovation is usually associated with technology, but it may not involve any technical advance. The Sony Walkman did not use any new technology, relying instead on a brilliantly innovative concept that could be turned into reality by reassembling known elements.

Innovation Excellence | Reinventing the Future : How IBM Innovates

The key to how IBM innovates is that it manages to create collaboration among all the moving parts—not only internally, but externally as well—into a key competitive advantage. Because it actively works across the innovation ecosystem, it is able to see things—and act on them—earlier. Meyerson believes that putting customers at the center is crucial.

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Steve Jobs famously said that “people don’t know what they want until you show it to them,” but Meyerson counters, “Our customers can’t tell us about a future that doesn’t exist yet, but they can tell us about unresolved problems and we can get to work on them. Addressing a really grand challenge like Watson can begin 5 or 10 years before the result is seen in public. It was a science project, but with business problems in mind.”

Reinventing the Future : How IBM Innovates – Innovation Excellence

The Innovation Excellence community is home to innovation articles, webinars, videos, training and education – powering successful growth in the innovation management profession.