What is innovation - doing something different, creating, thinking outside the box... Be it a product, service or process .
From 1 to 10 how do you rate innovation of the following organisations ?
Lucent / Alcatel
How do you make innovation become part of your DNA ?
Click here to take survey Some that come to my mind are:-
- To encourage individuality ,
- being different ,
- empowering thought .
- Embracing failure and risk taking
3 key principles espoused by Julian Berkinshaw, Professor of Strategic and International Management at London Business School and co-Founder and Research Director of the Management Lab (MLab) are
people need slack time to work through their ideas. 3M and Google, among others, have given “innovation time off” to their scientists and engineers. But most companies struggle to justify that level of slack, and aren’t confident it would be well used anyway. So a more focused approach may be more worthwhile.
Consider, for example, the UK software company, Red Gate. They first experimented with a “coding by the sea” initiative, where they got a bunch of volunteers to take over a beach house for a few days to see if they could make progress on a software product. This then expanded to “down tools week” which is a company-wide initiative, once a year, where everyone puts their normal routine work on hold and commits to doing something new, something a bit risky, or something that has been bugging them. There is also a “sweat the small stuff” day, once a quarter, for getting on top of the creeping bureaucracy and niggling problems that accumulate over time. These activities provide the necessary time out for employees, but with a reasonable degree of focus at the same time.
|Loosely defined roles.|
|Tolerance of Failure.|
It is axiomatic that successful innovation requires tolerance of failure. Some pharmaceutical scientists will spend an entire career working on drug development without a single one of their products reaching the market. Strange, then, that so many of our management processes, the ones that support innovation, are designed to avoid failure and to ignore it when it does happen. We can try to breed tolerance for failure through our skills as leaders of others, but we also need to find ways of institutionalising this approach. Here are a few examples. Tata Group’s annual innovation awards include a category, Dare to Try, for the best failed attempt at innovation. Advertising agency Grey has a Heroic Failure award in similar vein. HCL Technologies has a prestigious leadership development programme which executives have to apply for by putting together, among other things, a failure CV listing their u
these 3 principles are all about translating ideas into action.
Making up ideas is fun- The hard part of innovation is taking ideas and putting them work. That is where the real progress is to be made.
Do you have ideas or case studies to share on how to make innovation an every-where, all-the-time capability?
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