What is Innovation?

Innovation is the continuous need to improve and re-invent products, processes and services and even brands.


Why this?

Innovation is the continuous need to improve and re-invent products, processes and services and even brands.

  • Increasing innovation capacity
  • Fostering collaborative cultures
  • Setting the stage for innovation

Why me?

How I can help you

How you will benefit

Course corrections

 

Why now?

Beliefs

Innovation needs to start with ...

Innovation can't be delegated

Innovation can and should be measured

Innovation is about failure

Innovation is constant

 

 

  • Innovation can't be delegated
  • Managers aren't natural innovation champions
  • Non
  • Creating cultures that foster innovative thinking
  • Measures to improve retention of innovative employees
  • should include many nonmonetary rewards such as recognition and a degree of autonomy.
  • These are important components of a culture that fosters innovative thinking at the outset. E
  • The innovation discipline increases serendipity to increase the odds of success with every shot on goal.
  • running up blind alleys and taking wrong turns.
  • r a working group dedicated to helping inventors and innovators refine and advance the best ideas. They’re also not just engineers or marketing people. Ideally, this group has a range of innovation, commercial and technical experience. They’ve often spent time in product development or marketing strategy, or have worked for start-ups, for example.
  • Businesses don't realise they need innovation
    • Innovation is the engine that must fill the gap to get them to double-digit growth.
  • Innovation can and should be measured

 

What is innovation?

 

At a personal level

At an organisational level

At a community level

 

 

Innovation is the capacity to move beyond current ways of doing things and current ways of operating companies, to move beyond 'best practice' to shape best practice.

 

Using something old in new ways

Applying something new to get a positive social and economic outcome

 

Innovation can happen in small incremental steps or in outright breakthroughs.

Innovation is embedded in a network of those interacting to produce, distribute and use knowledge to do so. 

Innovation capacity comes from improving interactions between people in the system. 

- Changing habits + practices

- Facilitating learning

- Contributing to knowledge

 

Innovation is time and resource intensive. (tradeoff triangle)

Need time to tinker, tune and test. 

 

Ways to increase innovative capacity

  • Rebalancing
    • Oversaturation / overwhelm
    • How: Capacity Review (#1 personal or organisation)
    • How: Change habits and practices
    • How: Facilitates learning
    • How: Contributes to knowledge
       
  • Do you have the capacity (yes / no?)
    • No — Program to rebalance capacity
    • Yes — Program to create roadmap for innovation
       
  • Do you have a roadmap for innovation (yes / no?)
    • No — Exit
    • Yes — Facilitate roadmap for innovation?
       
  •  

 

People tend to see innovation
strictly in terms of revolutionary,
breakthrough products… That’s
fine. But most innovations are
the results of steady, continuous
improvement.
we can’t create
all of this innovation by ourselves