INNOVATION IS NOT JUSTABOUT RESEARCH ANDDEVELOPMENTFor additional information about Innovationplease visit www.InnovationG...
www.InnovationGrow.comWhen it comes to solving challenges and forming the strategies that willincrease market share and pr...
www.InnovationGrow.comTHE BASIC OF INNOVATION IS TOCREATE VALUE FROM IDEAS.There are plenty of lessons and tips that can b...
www.InnovationGrow.com1. GET THE CUSTOMER INVOLVED EARLYThe top innovators get their customers involved in the process at ...
www.InnovationGrow.com2. USE DATA TO DRIVE THE DECISIONSThe top innovators are able to use data to drive any tough decisio...
www.InnovationGrow.com3. MAKE DECISIONS LOOKING FORWARDTop innovating companies think strategically about maximizing theop...
www.InnovationGrow.com4. HAVE A PROCESS THAT ALLOWS FASTMOVEMENTTop innovators are those that are best able to put ideas i...
GROWING BUSINESS WITH INNOVATIONFor additional information about Business Innovationplease visit www.InnovationGrow.com
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Innovation is not just about research and development

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Many people think that innovation is just a function of research and development, but in truth an innovation process can be used to solve any problem in any aspect of the business.

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Innovation is not just about research and development

  1. 1. INNOVATION IS NOT JUSTABOUT RESEARCH ANDDEVELOPMENTFor additional information about Innovationplease visit www.InnovationGrow.com
  2. 2. www.InnovationGrow.comWhen it comes to solving challenges and forming the strategies that willincrease market share and profit or reduce costs and employeeturnover, innovation is the key.Many people think that innovation is just a function of research anddevelopment, but in truth an innovation process can be used to solveany problem in any aspect of the business.It is unreasonable to expect that all of the innovations will be home-runs but continually iteration and innovations will move your companyforward faster and with fewer resources than anything else.2
  3. 3. www.InnovationGrow.comTHE BASIC OF INNOVATION IS TOCREATE VALUE FROM IDEAS.There are plenty of lessons and tips that can be gleaned from studyingthe top innovators and here are some of the best practices:3
  4. 4. www.InnovationGrow.com1. GET THE CUSTOMER INVOLVED EARLYThe top innovators get their customers involved in the process at theidea-generation stage. The feedback that is gained throughout theprocess can help to guide the pace of development and provide data tokill the unsuccessful projects earlier than they otherwise would have.4
  5. 5. www.InnovationGrow.com2. USE DATA TO DRIVE THE DECISIONSThe top innovators are able to use data to drive any tough decisionssuch as contradicting directions of design.There are too many gut feeling decisions that are made and cancontribute to wasted resources if the decision maker isn’tknowledgeable enough about the decision.It is far better to use the data to help evaluate how the new project fitinto the puzzle and when to feed or starve certain innovations.5
  6. 6. www.InnovationGrow.com3. MAKE DECISIONS LOOKING FORWARDTop innovating companies think strategically about maximizing theopportunities that lie ahead rather than minimizing the mistakes thathave already been made.Using a good innovative process will help to save resources and testmore ideas that could lead to your next blockbuster innovation.6
  7. 7. www.InnovationGrow.com4. HAVE A PROCESS THAT ALLOWS FASTMOVEMENTTop innovators are those that are best able to put ideas into motion thefastest and evaluate the ideas faster than their competition. Whenusing data to drive the decisions it is important to test quickly and justfeed the machine.7
  8. 8. GROWING BUSINESS WITH INNOVATIONFor additional information about Business Innovationplease visit www.InnovationGrow.com

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