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Copyright © 2015 48Innovate
K. Melissa Kennedy | Chief Innovation Officer
Ideas to Action:
4 Keys to Igniting
Employee-driven Innovation
Copyright © 2015 48Innovate
K. Melissa Kennedy *
Intrapreneur turned Entrepreneur
“Life begins on the edge of your comfort zone”
*Global Innovation Facilitator
2 Large Institutions
4 startups - 2 Thriving
Innovator, Pioneer, Doer
@kmelissakennedy
Copyright © 2015 48Innovate
Agenda
▪ Why Innovate?
▪ Trends Driving Innovation
▪ 3 Types of Innovation
▪ Sources of Innovation
▪ Barriers to Innovation
▪ 4 Keys to Employee Driven Innovation
Copyright © 2015 48Innovate
Innovation = Growth & Profits
Copyright © 2015 48Innovate
Trends Driving Innovation: Disruption
- Consumer
“experience”
expectations
Copyright © 2015 48Innovate
Trends Driving Innovation: Disruption
- Globalization
Copyright © 2015 48Innovate
Trends Driving Innovation: Disruption
- Accessibility
to information
& people
Copyright © 2015 48Innovate
Trends Driving Innovation: Disruption
- Complex
competitive
landscape –
Entrance of
“Frenemy”
Copyright © 2015 48Innovate
Trends Driving Innovation: Disruption
- Pace of
change
- Technology
Copyright © 2015 48Innovate
Trends Driving Innovation: Disruption
- Startup
Revolution –
New business
models and
low cost of
entry
Copyright © 2015 48Innovate
3 Types of Innovation
▪ Incremental innovations
▪ Breakthrough innovations
▪ Radical innovations
Copyright © 2015 48Innovate
Sources of Innovation: Buy vs Build
▪ Consultants/Agencies
▪ Startups or smaller
companies
▪ Partners
▪ R&D
▪ Internal accelerators
or incubators
▪ Employees
Copyright © 2015 48Innovate
Why Employees are Key to Innovation?
▪ Interact with customers every day
▪ Fend off competitors every day
▪ Immersed in your culture
Copyright © 2015 48Innovate
Top Barriers to Employee-driven Innovation –
Disengagement Dilemma
87% of employees are disengaged or
indifferent at work according to Gallup.
Active
disengagement costs
$450-$550B every
year in the US alone.
Copyright © 2015 48Innovate
Top Barriers to Employee-driven Innovation
 70-90% projects fail due to lack of action after
brainstorming session
 Legacy Inertia - What we are already doing is
still working
 No process to nurture innovation -- access to
internal decision makers, resources, focus
Sources: Harvard Business Review & Forbes:
https://hbr.org/2012/11/accelerate
http://www.forbes.com/sites/georgedeeb/2014/01/08/the-five-reasons-big-companies-struggle-with-innovation/2/
https://hbr.org/2012/07/ten-ways-to-inhibit-innovation/
https://hbr.org/2013/07/six-ways-to-sink-a-growth-initiative/ar/1
Copyright © 2015 48Innovate
Igniting Employee-Driven Innovation
4 Keys to
Success
Copyright © 2015 48Innovate
#4 Key
Igniting Employee-driven Innovation
Ditch the consultant
 Hiring consultants
destroys employee
confidence
 Impedes universal buy-in
 Potential culture clash
 Co-creation accelerates
adoption
Copyright © 2015 48Innovate
#3 Key
Igniting Employee-driven Innovation
Create Space
 Designate time beyond
the “Day Job”
 Focus on the pursuit of
innovation
Copyright © 2015 48Innovate
#2 Key
Igniting Employee-driven Innovation
Institute a Consistent Process
 How to present an innovative
idea?
 To who?
 What is the success criteria?
 Timeline for review and decision
 Follow up and execution
 Create a consistent schedule of
accepting these ideas or projects
Copyright © 2015 48Innovate
#1 Key
Igniting Employee-driven Innovation
Execute and Promote Success
 Execute vetted ideas
and projects
 Calculate ROI
 Promote the Outcome
& Impact
 Reward Employees
 Repeat
Copyright © 2015 48Innovate
Innovation = Growth & Profits
Copyright © 2015 48Innovate
How 48 Innovate
Ignites Employee Driven Innovation
Copyright © 2015 48Innovate
▪ 20-40 Flash ideas*
▪ 5-7 Business case solutions with
data, budget and action plan*
▪ Solution summary and mini
project plan
▪ 30, 60, 90-day, 1 hour follow-up to
ensure success and hold the team
accountable to action
▪ Exclusive access to “The Weekly
Zing” --daily innovation exercises
throughout the 90-day follow-up
period for all participants
Process Outcomes & Follow Up
*Actual number of ideas and presentations depends on number of participants in the event.
Typically there are 30-50 participants per event.
Copyright © 2015 48Innovate
Ideas to Action:
4 Keys to Igniting
Employee-driven Innovation
#4: Ditch the Consultant
#3: Create Space
#2: Institute a Consistent Process
#1: Execute & Promote
Copyright © 2015 48InnovateCopyright © 2014 48Innovate
Thank You
K. Melissa Kennedy
Kennedy@48innovate.com |@kmelissakennedy

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Ideas to Action: 4 Keys to Employee-driven Innovation

  • 1. Copyright © 2015 48Innovate K. Melissa Kennedy | Chief Innovation Officer Ideas to Action: 4 Keys to Igniting Employee-driven Innovation
  • 2. Copyright © 2015 48Innovate K. Melissa Kennedy * Intrapreneur turned Entrepreneur “Life begins on the edge of your comfort zone” *Global Innovation Facilitator 2 Large Institutions 4 startups - 2 Thriving Innovator, Pioneer, Doer @kmelissakennedy
  • 3. Copyright © 2015 48Innovate Agenda ▪ Why Innovate? ▪ Trends Driving Innovation ▪ 3 Types of Innovation ▪ Sources of Innovation ▪ Barriers to Innovation ▪ 4 Keys to Employee Driven Innovation
  • 4. Copyright © 2015 48Innovate Innovation = Growth & Profits
  • 5. Copyright © 2015 48Innovate Trends Driving Innovation: Disruption - Consumer “experience” expectations
  • 6. Copyright © 2015 48Innovate Trends Driving Innovation: Disruption - Globalization
  • 7. Copyright © 2015 48Innovate Trends Driving Innovation: Disruption - Accessibility to information & people
  • 8. Copyright © 2015 48Innovate Trends Driving Innovation: Disruption - Complex competitive landscape – Entrance of “Frenemy”
  • 9. Copyright © 2015 48Innovate Trends Driving Innovation: Disruption - Pace of change - Technology
  • 10. Copyright © 2015 48Innovate Trends Driving Innovation: Disruption - Startup Revolution – New business models and low cost of entry
  • 11. Copyright © 2015 48Innovate 3 Types of Innovation ▪ Incremental innovations ▪ Breakthrough innovations ▪ Radical innovations
  • 12. Copyright © 2015 48Innovate Sources of Innovation: Buy vs Build ▪ Consultants/Agencies ▪ Startups or smaller companies ▪ Partners ▪ R&D ▪ Internal accelerators or incubators ▪ Employees
  • 13. Copyright © 2015 48Innovate Why Employees are Key to Innovation? ▪ Interact with customers every day ▪ Fend off competitors every day ▪ Immersed in your culture
  • 14. Copyright © 2015 48Innovate Top Barriers to Employee-driven Innovation – Disengagement Dilemma 87% of employees are disengaged or indifferent at work according to Gallup. Active disengagement costs $450-$550B every year in the US alone.
  • 15. Copyright © 2015 48Innovate Top Barriers to Employee-driven Innovation  70-90% projects fail due to lack of action after brainstorming session  Legacy Inertia - What we are already doing is still working  No process to nurture innovation -- access to internal decision makers, resources, focus Sources: Harvard Business Review & Forbes: https://hbr.org/2012/11/accelerate http://www.forbes.com/sites/georgedeeb/2014/01/08/the-five-reasons-big-companies-struggle-with-innovation/2/ https://hbr.org/2012/07/ten-ways-to-inhibit-innovation/ https://hbr.org/2013/07/six-ways-to-sink-a-growth-initiative/ar/1
  • 16. Copyright © 2015 48Innovate Igniting Employee-Driven Innovation 4 Keys to Success
  • 17. Copyright © 2015 48Innovate #4 Key Igniting Employee-driven Innovation Ditch the consultant  Hiring consultants destroys employee confidence  Impedes universal buy-in  Potential culture clash  Co-creation accelerates adoption
  • 18. Copyright © 2015 48Innovate #3 Key Igniting Employee-driven Innovation Create Space  Designate time beyond the “Day Job”  Focus on the pursuit of innovation
  • 19. Copyright © 2015 48Innovate #2 Key Igniting Employee-driven Innovation Institute a Consistent Process  How to present an innovative idea?  To who?  What is the success criteria?  Timeline for review and decision  Follow up and execution  Create a consistent schedule of accepting these ideas or projects
  • 20. Copyright © 2015 48Innovate #1 Key Igniting Employee-driven Innovation Execute and Promote Success  Execute vetted ideas and projects  Calculate ROI  Promote the Outcome & Impact  Reward Employees  Repeat
  • 21. Copyright © 2015 48Innovate Innovation = Growth & Profits
  • 22. Copyright © 2015 48Innovate How 48 Innovate Ignites Employee Driven Innovation
  • 23. Copyright © 2015 48Innovate ▪ 20-40 Flash ideas* ▪ 5-7 Business case solutions with data, budget and action plan* ▪ Solution summary and mini project plan ▪ 30, 60, 90-day, 1 hour follow-up to ensure success and hold the team accountable to action ▪ Exclusive access to “The Weekly Zing” --daily innovation exercises throughout the 90-day follow-up period for all participants Process Outcomes & Follow Up *Actual number of ideas and presentations depends on number of participants in the event. Typically there are 30-50 participants per event.
  • 24. Copyright © 2015 48Innovate Ideas to Action: 4 Keys to Igniting Employee-driven Innovation #4: Ditch the Consultant #3: Create Space #2: Institute a Consistent Process #1: Execute & Promote
  • 25. Copyright © 2015 48InnovateCopyright © 2014 48Innovate Thank You K. Melissa Kennedy Kennedy@48innovate.com |@kmelissakennedy

Editor's Notes

  1. Incremental innovations make small changes to a company’s existing technologies and business models Breakthrough innovations make significant changes to either the technology or business model, producing significant growth Radical innovations, which take place more rarely, combine technology and business model innovation to create major new industries with exponential growth