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"For many companies, coming up with ideas often isn’t the problem. The challenge is turning ideas into something real that delivers an impact. This is where metrics can make the difference between no ideas, lots of ideas that go nowhere, and real innovation."
SOREN KAPLAN
33
118 reads
MORE IDEAS ON THIS
Unlocking The Right Kind of Innovation Culture
Every organization must unlock its innovation culture in its own unique way.
What works for Google and Apple might actually kill innovation in other companies. Effective best practices must be artfully adapted to the unique personality of your organization.
33
135 reads
How Innovation Intent Shapes Culture
Without the focus an innovation intent provides, people tend to think innovation belongs to someone else (such as Research and Development) and assume it isn’t part of their job.
The lack of a thoughtfully defined innovation intent also makes it difficult for leade...
32
64 reads
Define the Inputs
Once you have defined the end goal, you need to give people specific goals to reach our larger goals. Every employee should be aware of the importance they play in achieving the company’s goals and how they share responsibility for innovation.
- Communicate trust an...
34
64 reads
The Three Types of Innovation
Here’s a model that any organization can apply to set up its definition of innovation and take a portfolio approach to allocate its time and effort:
- 70% Incremental innovation: small changes in processes, products, services, strategies, etc.
- 20% Sustaining innovati...
38
73 reads
Competitive Advantage Is Temporary
Products, services, and even business models become commodities over time. If organizations do not continually invent and reinvent their competitive advantage, they risk being disrupted into obsolescence.
Culture is the only sustainable competitive advantage
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160 reads
"Measuring innovation also involves setting specific goals that will help fuel the process—the things you do internally to help you hit your targets. When you give people targets, they take on responsibility for hitting them. And in the process, they produce experience...
SOREN KAPLAN
32
71 reads
Measure What’s Meaningful
- Metrics give us direction. Leaders set goals and measure progress; often this focus on easily measured metrics like speed, efficiency, accuracy, or profits.
- Innovative behaviors are difficult to quantify, and most companies don’t have innovation metrics.
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105 reads
A Culture of Innovation
Culture is the collection of unwritten rules, norms, and values that influence people’s behavior. When it comes to innovation, especially disruptive innovation, an organization’s culture can be either the rocket fuel or death knell of an organization’s ability to grow and thrive....
37
201 reads
Define the Outputs
Measuring profitability and the support of your customers is important, but it doesn’t tell you what specific behaviors will lead to more profits and more satisfied clients in the future. Your metrics need to define the end goal and encourage innovative practices.
Innovation metrics th...
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80 reads
Every Function Should Have Its Own Definition of Innovation
Here are some examples of innovation intent statements that can do just that:
- Finance: To deliver financial insight that drives strategic business decisions, new market opportunities, and the innovation process.
- HR
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64 reads
"It’s really not that difficult to decipher your innovation culture by looking at leadership behavior, organizational structure, business processes, metrics and incentives, rewards and recognition, and the stories and symbols that reinforce (or inhibit) innovation. By ...
SOREN KAPLAN
33
300 reads
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Innovating Is Subject To Innovation
There are many new and out-of-the-box ways of how-to emerging innovation.
- New forms of innovation include the Sandbox of Slovak National Bank - a platform that allows the participant via consultations with NBS to adjust financial innovation.
- Crowdfunding is ...
Develop the conditions for serendipity
Several companies design flexible structures and processes to cope with the unexpected. Uncertainty presents not only a challenge but also a potential opportunity.
- The company, Haier, developed a 'platform ecosystem' where employees can present their ideas to an investment committee....
Think Outside The Box
There often comes a point in a game where you find yourself stuck. But eventually you learn that having patience and giving it time is better than despairing.
When facing a hard challenge in real life, take some time off, do something else and try to think of different solutions t...
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