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The Jazz of Innovation
11 Practice
Tips |
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The Jazz of Innovation: create a
guiding structure and encourage improvisation.
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Provide strategic alignment.
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Challenge assumptions
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Build cross-functional expertise...
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Effective Innovation Process
7 Lessons from Silicon
Valley Firms |
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Seed new knowledge about innovation, including reinventing the
innovation process itself...
More
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DOs and DON'Ts of a Successful
Innovator
By:
Peter Drucker |
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DOs
Start small try
to do one specific thing...
DON'Ts
Don't undershoot,
or you will simply create an opportunity for competition...
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10 Ways To Murder Creativity |
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Ask for a
200-page document to justify every new idea...
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3 Primary Criteria to Assess Your
Innovation Portfolio |
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Besides assessing each initiative individually
for risk, investment, return, and timing, assess your total portfolio to
ensure that you have the right initiatives in it:
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Stretch
and strategic fit.
How much does your portfolio push the industry frontiers, and
how well does it fit with your business goals and strategy?
...
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Why Innovate?
Innovation
is the conversion of new knowledge into new products and services. Innovation is
about creating value and increasing productivity, and therefore growing your
business.
Business Model: Innovation + 6 Enabling Elements
Success in business doesn't come
from feeling comfortable. With many markets becoming more and more
competitive as a result of new competitors from global or deregulated
markets, those who innovate best will win in the future. You need to accept
risk,
measure performance, and embrace
innovation.
In
today's technology-driven world,
business life cycles have accelerated exponentially, but good
innovation management basics always apply. The challenge is to keep a
step ahead of changing market conditions, new technologies and human
resources issues.
To remain competitive, today's companies need to do more than simply
deliver products or services that are better or cheaper than those of
their rivals. They must also add features, improve performance, and
reduce prices more quickly. They must be faster to launch new lines. To
grow, they may need to create entirely new markets and develop
venture
strategies.
10 Commandments of Innovation
The Jazz
of Innovation
To jazz up your ability to innovate, turn to jazz
the improvisation-driven model
for innovation project management.
Jazz of Innovation
This model doesnt discard structure, just as there is a clear structure to
good jazz. In innovation, this structure is created through roadmaps,
guiding principles, business processes, systems and organizational charts.
Strategic planning and road-mapping processes cannot guarantee brilliant
flashes of creative insight, but they can prepare minds and increase the
odds that such flashes occur in real time. Thus structure, as chords do in
jazz, serves as a basis for improvisation,
experimentations,
discoveries
and
innovation...
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Leadership-Management
Synergy
Leaders: Lead improvisation. Managers: Provide
structure.
►
Resulting synergy:
Jazz of Innovation...
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New
Era of Systemic Innovation
Innovation used to be a linear
trajectory from new knowledge to new product. Now innovation now is
neither singular nor linear, but
systemic.
It has
different forms. It arises from complex interactions between
many individuals, organizations and environmental factors. Innovation is
not divisible good in parts is no good at all...
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Lessons from Silicon Valley Firms
Deciding If Your Innovation
Portfolio Has Enough
Stretch
Adapted from
Relentless Growth, Christopher Meyer
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Balance between revolutionary and
evolutionary initiatives. First, Silicon Valley companies assess the
overall balance between revolutionary and evolutionary projects. The
ultimate arbitrator of portfolio stretch if the innovation leaders
judgment, experience, intuition, and luck...
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Creating a Culture for
Innovation
The question for leaders today isnt if
culture is important for success but how culture can drive successful
innovation and what, specifically, leaders can do to influence the
kind of culture that leads to behavior thats truly innovative...
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Freedom To Fail
Noble Failure
Best
Practices
Google:
10 Golden Rules
Encourage
creativity. Google engineers can spend up to 20 percent of their
time on a project of their choice. There is, of course, an approval
process and some oversight, but basically we want to
allow creative people to be creative. One of our not-so-secret
weapons is our ideas mailing list: a
companywide suggestion box where
people can post ideas ranging from parking procedures to the next killer
app. The software allows for everyone to comment on and rate ideas,
permitting the best ideas to percolate to the top...
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Yin-Yang of Entrepreneurial Creativity
The Art of Innovation: 9
Truths
By: Guy Kawasaki
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Let a hundred flowers blossom.
I stole this from Chairman Mao. Innovators need to be flexible about
how people use their products. Avon created Skin So Soft to soften
skin, but when parents used it as an insect repellant, Avon went
with the flow. Apple thought it created a spreadsheet / database /
wordprocessing computer; but, come to find out, customers used it as
a desktop publishing machine. The lesson is: Don't be proud. Let a
hundred flowers blossom...
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Strategic Innovation
Strategic Innovation is the creation of
growth strategies,
new product categories, services or
business
models that change the game and generate significant
new value for
customers and the corporation...
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5 Factors that Make a Project
Successful
To be successful, a
project
must have4:
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Agreement
among the project stakeholders
the team, customer, and management
on the goals of the project...
More
Innovation Process: Diversion and Conversion of Ideas...
Specific Mindset and Skill Requirements...
Systematic Approach to Innovation...
Systems Thinking...
Creative Leadership...
Strategy Innovation...
Process Innovation...
Value Innovation...
E-ventures...
Case in Point Dell
Computer Corporation...
Case in Point
General Electric...
Case in Point
Nike...
Case in Point
Charles Schwab...
Case in Point
Bunsha...
Case in Point Thermo
Electron...
Case in Point
Corning...
Case in Point GE...
Case in Point
Half.com...
Case in Point
Silicon Valley Firms...
Case in Point
Microsoft...
Case in Point
Fun4Biz...
Case in Point
P&G's Align Probiotics...
Case in Point
Apple's Innovation Strategies...
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