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Simple Things You Can Do To Increase Innovation Within Your Organization

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When trying to increase innovation within their organizations, leaders tend to focus on major initiatives for creating changes to their organization’s structure, processes and culture.

This webinar will provide a framework for thinking about innovation that will stimulate your thinking in regards to what you can do, control and influence to increase your innovation contributions and the innovation contributions of those whom you work with directly and indirectly.

The webinar will cover:
• Finding the right ideas with big business potential
• The role of “dots” in innovation and how to make frequent and better connections between them
• Simple things you can do to motivate innovative behavior
View this webinar in full at: http://budurl.com/s56t

Published in: Business
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Simple Things You Can Do To Increase Innovation Within Your Organization

  1. 1. Simple Things You Can Do To Increase Innovation Within Your Organization July 10th 2014 Live tweet with #InnoPlus
  2. 2. Arthur Fox Founder/President, Innovation Global Network admin@innovationglobalnetwork.com
  3. 3. Today’s Agenda What Will Be Discussed? • Some powerful ideas and suggestions for what you can do to increase innovation quickly, easily and within your control. • Framework for thinking about innovation and how it occurs What Will Not Be Discussed? • Creating and implementing Innovation Management Processes and Systems • Not intended to be a comprehensive primer on innovation and creativity • Will not be promoting specific innovation service providers 4
  4. 4. The Eureka Moment –the Big Bang of Innovation • Eureka Moments are the instances great, innovative ideas occur to you. • Happens when they happen – while showering, daydreaming, sleeping, discussions, etc. • Usually happens in response to a stimulus – something you read or heard • Eureka Moments usually happen to individuals, but can happen as a result of group interactions • Most importantly, you can increase their frequency for yourself and others 5
  5. 5. The Dot Theory of Innovation • Everybody has a pool of dots - insights, facts and technologies • New ideas happen when you connect the dots in new, unique patterns 6
  6. 6. 7 “Creativity is just having enough dots to connect” -Steve Jobs Increasing the Quantity, Quality and Uniqueness of Dot Connections Increased Quantity, Quality and Uniqueness of Innovations
  7. 7. How does this work? • The larger your pool of dots, the more patterns and ideas you can create • The more unique and highly leverageable dots you possess, the more unique ideas you can create • The more active and stimulated you are, the more often you will connect the dots to create innovative ideas 8
  8. 8. Poll Question On a scale of 1-5, How effective is your innovation approach? (1 being low, 5 being high)
  9. 9. The Role of Insights and Factoids • Facts are public knowledge Examples: – Populations in many countries are aging – People are increasingly using wearable devices • Insights are perspectives you have that others do not – Very leverageable and powerful – Facilitate the creation of unique, proprietary ideas and inventions – Provide competitive advantage 10
  10. 10. You should pursue an “all of the above” strategy when it comes to gathering Insights and Facts • Potential Sources: – Original Market Research – Syndicated Studies – Government Studies and other public sources – Online publications, databases and information sources – Internet forums and “Crowdsourcing” options – Conferences and Trade Shows – Mystery Shopping – Resources of other Departments, Divisions and Affiliates 11
  11. 11. Four Categories of Insights 12 Positive Insights Validated Insights Negative Insights Potential Insights
  12. 12. Focus on Validated Insights rather than on Potential Insights • Potential Insights - new perspectives/hypotheses based on qualitative evidence, observations or experience – Individuals often get emotionally invested in their potential insights • Pursue ideas before they are validated • Wastes time and resources • Validated Insights are perspectives/hypotheses proven to be true and leverageable – Established via quantitative method or at least several qualitative methods – Much more likely to lead to a valuable idea 13
  13. 13. Value and Disseminate Both Positive and Negative Insights • Positive Insights – Empower, stimulate and help connect dots – Create focus – Drive growth – Highly valued in organizations • Negative Insights – Identify challenges and fatal flaws – Facilitate productivity – Help avoid wasting organizational resources – Undervalued in organizations 14
  14. 14. Inform and Educate all who Support your Projects • Broadly distribute summaries of key insights and facts • Establish a series of insights seminars, presentations and workshops – Invite your agencies, vendors and other support services to present – Make relevant webinars available • Establish information networks within your organization – Other departments, divisions and affiliates • Arrange for newsletters to be regularly distributed – Latest market news, insights, ideas and trends 15
  15. 15. Actively Encourage the Connecting of Dots to Catalyze Creativity and Innovation – Communicate • Put forward an Innovation Strategy • Issue Innovation Challenges • Include diverse thinkers on your teams • Schedule lunches with people you normally do not interact with • Encourage people to forward their ideas, tell them where to send them and give them feedback • Email articles containing new insights, ideas, trends and advice on innovation 16
  16. 16. Tips for Increasing Creativity • Develop the creativity skills of yourself and others through formal training • Prior to creativity sessions, have participants prepare: – Compile insights, key facts and trends from their areas of expertise – Conduct observational research in stores, homes or other relevant locations • Focus creativity against specific strategic targets • Incorporate prototyping where possible 17
  17. 17. Poll Question Where does innovation rank among your company's strategic priorities? 1. Highest priority 2. Top 5 priority 3. Not a priority 4. I don't know
  18. 18. Motivate to Innovate – Direct Reports • Use your Objectives Development and Performance Reviews Systems – Communicate that innovation is a requirement to getting a top performance grade for each objective – Communicate that a percentage of the overall review grade will be focused on achieving one or more specific innovation objectives – Set up a performance objective focused on process improvement – Set up a development objective that he/she participate in innovation forums or events 19
  19. 19. Motivate to Innovate – Direct Reports (cont’d) • Remove low value added items from workloads and responsibilities • Encourage direct reports to create their own jobs by taking on new responsibilities that they create. 20
  20. 20. Motivate to Innovate – Beyond Direct Reports • Lead by example - Show them how it can be done • Encourage them to forward their ideas for consideration by displaying interest, openness and respect • Explain to junior staff members the value in displaying innovation leadership • Negotiate with your supervisor to support your own innovation development and leadership • Share a link to this webinar with them 21
  21. 21. Use the Innovation Global Network to Find More Innovation Best Practices • Great articles, discussions, webinars and communities focused on best practices • Expert contacts, peers that can help them with their objectives • Soon to be available – partnering with companies to provide access to powerful tools and resources to help you connect dots and drive innovation • Inform your Colleagues and Direct Reports about the Innovation Global Network and encourage them to join • Join at www.InnovationGlobalNetwork.com 22
  22. 22. Learn More About How Sopheon’s Integrated Enterprise Innovation Performance can Help Your Company 10. Fully Enable Multiple, Diverse Types of Enterprise Portfolios 9. Powerful, Highly-Efficient Initiative Planning and Scheduling 8. Most Configurable and Flexible Process Modeling Engine in the Market 7. One-of-a-Kind Support for “Top-Down” Resource Planning 6. One-of-a-Kind Ability to Optimize Portfolios Across Multiple Constraints 5. Sopheon’s Best Practices and Accelerated Innovation Processes 4. Implement With Experts That Understand Business, not Just Technology 3. 13+ Years of Proven Success With Large, Global Complex Clients 2. Sopheon’s Focus on Users, Usability and Saving People Time 1. The Most Complete Solution for the Entire Innovation Lifecycle Top 10 Reasons to Partner With Sopheon We would be delighted to share more with you about how we improve Enterprise Innovation Performance, and discuss how we can help your company achieve world-class innovation performance.  To learn more, please contact us at: info@Sopheon.com We look forward to the opportunity to help you improve your innovation results, and create new value and growth for your company.
  23. 23. Arthur Fox, Founder/President, Innovation Global Network www.innovationglobalnetwork.com afox@InnovationGlobalNetwork.com Thank You for Attending Stay up to date on upcoming webinars by following us @sopheon

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