Tag Archives: innovation management

What To Look For In An Innovation Partner

finding the right innovation partnerIf you’re a successful company, you’re probably not used to innovation. You’re used to being good at what you do, and that’s the opposite of innovation. Smart innovation that evolves a new and marketable product often requires an innovation partner.

There are a lot of reasons for that. But they boil down to a deceptively simple concept:

Two heads think better than one.

What is the biggest innovation challenge for leaders of large organizations?

What is the biggest innovation challenge for leaders of large organizations?

Understanding and accepting the innovation equation:

Innovation = reducing errors + increasing insights

Via Seeing What Others Don’t: The Remarkable Ways We Gain Insights (Kindle):

How to filter me-too ideas and leave small thinking behind

innovation evaluating between big ideas and small This is a three part post on how to leave small thinking behind. In the first post, I showed you a simple technique for coming up with radical ideas. Here I talk about how to evaluate ideas so they don’t fit into the “me-too” territory. On the third post I’ll tell you how to determine which ideas might work.

We think too small, like the frog at the bottom of the well. He thinks the sky is only as big as the top of the well. If he surfaced, he would have an entirely different view. – Mao Tse-tung

I know a handful of people that work in the “innovation/entrepreneurship space” who talk a good talk but when it’s time to put the wheels on the road, more times than not, they revert to small thinking. Heck, I’ve even heard people outright say they think big but when challenged further they are shocked to their bones.

This isn’t an isolated scenario, most everyone is like this. Heck, how many companies plaster their physical and digital (Facebook) walls with inspirational quotes, but when you look inside you see that their actions don’t reflect their wishful thinking.

When you’re looking for innovative ideas that will truly differentiate your company and have major market impact, you must set the yardstick high and keep it high. You may think you’ve left small thinking behind, but often, even if you are benchmarking outside your industry, challenging the status quo of your business, or radicalizing your current strategy, small thinking will creep in. It most always does.

Why?

How do you encourage employees to share ideas?

How do you encourage employees to share ideas?


This is the second of a series of weekly posts where I will answer a few common questions about innovation. Please feel free to add your own response. Also, if you have any questions you think we should discuss, let me know.

Good ideas can come from anywhere, but just asking for them doesn’t mean everyone will speak their minds. I think this is where a gap exists between activating innovation and simply talking about it. It’s also why it is important for leaders to be open and share their thought process with others to encourage dialogue.

Beyond the Here are a few more ways:

Innovation must reads of the week: Innovation on the edges

Innovation must reads of the week: Innovation on the edges

Storified by Jorge Barba · Sun, Jun 24 2012 01:18:07

10 Key Questions to ask if you are starting an #Innovation Initiative. http://tinyurl.com/7s6wj8a #mckinsey #gartner #KILNgreggfraley
When I am asked how to begin an Innovation Initiative, the ultimate complex question, this is my answer — it depends. If I know context I can do better than It Depends, but it takes time, effort, and money to know context well enough to give a good answer.
Step-by-step: How to build an innovation pilot program http://is.gd/vfe7q5Guy Kawasaki
Companies can reduce the risk of adopting new innovation methods by testing them first. A short, pilot program that addresses a specific product or service line helps you understand whether a new method is right for your company.  Pilot programs help keep your costs in line, and they help you reduce resistance to adopting new methods.
Long but insightful read: Joi Ito on "Innovation On The Edges" http://zite.to/LanhET via @ziteRalph-Christian Ohr
Today, what you want is you want to have resilience and agility, and you want to be able to participate in, and interact with the disruptive things. Everybody loves the word ‘disruptive innovation.’ Well, how does, and where does disruptive innovation happen? It doesn’t happen in the big planned R&D labs; it happens on the edges of the network. Many important ideas, especially in the consumer Internet space, but more and more now in other things like hardware and biotech, you’re finding it happening around the edges.
Resilience: the latest innovation buzzword http://smrt.io/LPKxhxSmartPlanet
Is resilience an “field,” as PopTech describes it on its Web site? Is resilience an innovation theory? A design strategy? Merely a catchy term of the moment? No matter how one describes the word, it could prove to be an approach that will resonate both philosophically and practically for businesses, communities, and individuals alike.
The Post-ROI Marketing World http://p.ost.im/p/ec8STnGreg Satell
The future of marketing services is to become effective API’s for open brands.  In the post-ROI world, the only limit is that of our imaginations.


If you like these links, check out all the previous “Innovation Must Reads of the Week“. And don’t forget to

Innovation must reads of the week: Ten Red Flags for Innovation

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Innovation must reads of the week: Age of Disruption?

There were a lot more interesting reads this week, check out my Delicious bookmarks on Innovation for more.

 

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