Monday 4 November 2013

Top Innovation Secrets


Being successful at innovation is a skill. One that takes time, patience, strategic intelligence and amongst other things, funding. Many organisations succeed only after they have experienced embarrassing failures and learnt some tough lessons in the process. How do others succeed with their innovation efforts? What is the secret? In this article we use the inspiring philosophy of Steve Jobs as stimulus and ask innovation managers about their “secret sauce for innovation success”. Learning from others reduce risk because resurrecting the organisational “innovation corpse” is not an action anyone should be tasked with.
Talking about “top innovation secrets” might be a bit arrogant. It is not that simple. Innovation needs to be considered in different environments and holistic ecosystems. It involves the entire organisation and a myriad of nuances.
Innovation is a popular topic of discussion and many organisations think of themselves as innovative or progressive. The taste of the pudding is still in the eating. Planning is one thing, delivering consistent results, however, is another.
Similar to other management practises, innovation management is an ever evolving discipline.
Similar to other management practises, innovation management is an ever evolving discipline. What we believed worked yesterday, might not be effective tomorrow. This rings true on the topic of strategic planning for innovation, business model innovation, appropriate reward mechanisms, innovation systems and implementation, to name but a few.
While we are putting in place the processes, structures and strategic policies to guide innovation outcomes, do we ponder the power of thinking big, reaching out or fulfilling a known or even unknown market need? Do we involve our own innovation ecosystem, consider open or semi-open innovation models or think about collaborating with SMEs?
Innovation is about strategizing, guiding and empowerment of staff but is also about co-creation, being different in your approach and about sustaining momentum.

Steve’s secret sauce for innovation success

Like Frank Sinatra, everyone has “their way” of doing things and so does world entrepreneurial legend Steve Jobs. Something that Carmine Gallo, in a new book entitled: The Innovation Secrets of Steve Jobs, outlines as “insanely different principles for breakthrough success.” When these principles are considered one cannot help but notice words like “passion, magic, dreams, simplicity, decisiveness and great customer experience”.
Steve’s 8 principles are almost universal truths. Use it as background information and think about “your way” of addressing innovation going forward.

Top Innovation Secrets

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