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Creating Business Innovations
Creating Business Innovations
Creating Business Innovations
Creating Business Innovations
Creating Business Innovations
Creating Business Innovations
Creating Business Innovations
Creating Business Innovations
Creating Business Innovations
Creating Business Innovations
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Creating Business Innovations

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How many innovative ideas are hiding in your business? And, how do you find them? Innovations can expand your business by increasing revenue, reducing expenses, providing a competitive edge, …

How many innovative ideas are hiding in your business? And, how do you find them? Innovations can expand your business by increasing revenue, reducing expenses, providing a competitive edge, positioning your business as an “innovator” in the market, and more. For more tips, download my Free Report at http://InnovationStrategyReport.com

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  • 1. Creating Business InnovationsSteve SponsellerInnovation Strategies, Inc.
  • 2. “How Do I CreateInnovations?”Apply the I.D.E.A. System to startcreating and applying Innovationin your business today.My most frequently asked question:My answer:
  • 3. How to Create InnovationsI.D.E.A. SystemIdentify All Innovations (brainstorming,problem solving techniques)Develop An Innovation Culture (creativeideas become part of daily activities)Evaluate All InnovationsAction (consistent action = positive results)
  • 4. Identify All Innovations• Create Innovations– Brainstorming sessions (individual sessions orsmall group settings (3-6 people))– Problem solving exercises – present aparticular problem and look for:• The underlying cause of the problem• Multiple solutions to resolve or at least minimizethe problem• Determine how others solve similar problems
  • 5. Identify All Innovations (con’t)• Record all Identified Innovations– Capture at least a title of the innovation and abrief (1-2 sentences) description of theinnovation.– Record in writing, in a computer document,email, voicemail, etc.– Provide a centralized location for collectinginnovation descriptions from everyoneinvolved in the business
  • 6. Develop An Innovation Culture• Everyone in your business should beinvolved in identifying innovations• Make innovation a part of the daily thoughtprocess of employees and contractors• Provide examples of innovationsthroughout the business (and in otherbusinesses)• Teach people to look for innovations whensolving problems
  • 7. Evaluate All Innovations• Create an Innovation Review Group toevaluate all innovation submissions• Include people with different job functions– Sales– Marketing– Product Development• People with different job functions havedifferent perspectives on innovation andfind different “values” in innovations
  • 8. Action• Take action to implement the innovationsthat have the most value to the business• Track the results of implemented ideas– Increased income– Reduced expenses– Customer growth• Share innovation success stories witheveryone in the business to encouragemore innovative thinking
  • 9. Take Action TodayMy free special report “Innovate Today”includes 16 pages of tips to help you startleveraging innovation in your businessright away.Download the free report at:http://InnovationStrategyReport.comSteve SponsellerInnovation Strategies, Inc.
  • 10. Take Action TodayMy free special report “Innovate Today”includes 16 pages of tips to help you startleveraging innovation in your businessright away.Download the free report at:http://InnovationStrategyReport.comSteve SponsellerInnovation Strategies, Inc.

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