Chew on this for a while … 1.000.000 made plans 100.000 – 10% ventured out 60% of the adventurers failed at the attempt Only 40% reached their destination Of which only 10% struck gold But who really made the money?
So when to get on the band wagon ! ? ! ! ? If we want to be on the left side, we need to adopt a culture which supports entrepreneurs.
We are in a recession and are very hungry for change As a consequence we are pulling up windmills in each direction the wind comes from
But we tend to keep ideas to ourselves ! Innovation is about Open and Sharing and Collaborating . We need to bring about this culture change
What we need is a bottom’s up approach combined with a top down structure
Because innovation is not about being lucky Hundreds of similar definitions can be found in the literature. Here is the one adapted from various sources: “innovation is the process of ensuring a profitable implementation of ideas coming from the crowd” It’s about managing innovation as a business process similar to CRM or ERP Innovation is not about finding this one disruption that is going to change the market. It’s about the process of ideation, selecting and executing ideas .
It can be managed as a business process Sales Purchasing Innovation ERP ? CRM
Where ideas will go through a funnel of stages and gates The ideas funnel A community: To stimulate ideation and help refine ideas A funnel: To route, rank and refine ideas that makes sure the best ideas continue into our pipeline An organisation: To help ideas go from concept to business case and presentation
Engagement through challenges Activity Time Focus on process Focus on challenges
The path to become more innovative Managing challenges Building a community Managing a community Single Challenges Multiple challenges More innovative Time Emergent innovation community Mature innovation community