Five ways to ruin your innovation process
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Five ways to ruin your innovation process

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Here are five ways to ruin your innovation process and what you can do to change turn them around.

Here are five ways to ruin your innovation process and what you can do to change turn them around.

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Five ways to ruin your innovation process Presentation Transcript

  • 1. FIVE WAYS TO RUIN YOURINNOVATION PROCESSFor additional information about Innovationplease visit www.InnovationGrow.com
  • 2. www.InnovationGrow.comThere are many ways that companies unknowingly sabotage their owninnovation process.When there are so many external challenges already, making sure thatyou have a good innovation process that you maximize will provide thebest results.Here are five ways to ruin your innovation process and what you can doto change turn them around.2
  • 3. www.InnovationGrow.com1. INNOVATION IS TOO EPISODICInnovation requires consistent resources and working the process. Toomany companies get excited about implementing new innovative ideasthat end up failing because they don’t have a great innovation processto ensure their success.This method rarely produces good innovations and usually serves towaste resources that could have been used to test and innovateeffectively within a good innovation process.By setting a regular budget and working it into the regular workflow,sparks of innovation will occur as a regular part of business.3
  • 4. www.InnovationGrow.com2. RESOURCES DON’T FLOW THROUGH THEINNOVATION PROCESSIn most organizations the resources flow to the most powerfuldepartments and the innovation process usually doesn’t get the regularresources that it requires.By feeding the innovation process and realizing that not everyimplementation is going to be successful your innovation process willimprove over time and eventually be able to innovate solutions ondemand.4
  • 5. www.InnovationGrow.com3. YOU’RE TRYING TO FIT INNOVATION INTO THEOLD STRUCTUREMost large organizations have habits, just as people do, and they tendto resist change.When businesses just try to apply innovation processes to thestructures that they have in place, they often don’t work as intended.Instead a different approach needs to be taken where the innovationprocess takes the status quo and looks to turn it on its head. Innovateand iterate on the process and people often.5
  • 6. www.InnovationGrow.com4. TOO LITTLE DIVERSITY OF THOUGHT; NOTENOUGH CREATIVITYToo many organizations try to implement an innovation process withjust a few key creative team members, while ignoring the creativecapacity of everyone around the company.Every staff member is a source of creativity and you shouldn’t stopthere. By looking to your customers and competitors for inspiration anddata for your innovation process you have an endless supply of ideas totest through the process and will find a winner sooner or later.6
  • 7. www.InnovationGrow.com5. TREATING ASSUMPTIONS LIKE KNOWLEDGEThe assumptions that people make, even based on the bestintelligence, are rarely how an innovation or process work out in thereal world.Being too assumptive with the process causes organizations to rely ontheir instincts instead of the data.Changing the innovation process to operate off of data and testing theassumptions often will yield the best results and prevent theconsequence of being caught off-guard when an innovation doesn’t goaccording to plan.7
  • 8. GROWING BUSINESS WITH INNOVATIONFor additional information about Business Innovationplease visit www.InnovationGrow.com