Exago

The inevitability of incremental innovation

In the last post we focused on the difficulties of investing in innovation during crisis times and outlined why it is important to think about the long run.

Typically transformative results come from radical innovation which tends to take time to bring benefits due to its inherit complexity. Nevertheless there are many small innovations that can, when summed up, bring effective results for an organization.

According to Innovation Zen, “There are two dimensions we can use to separate an incremental from a radical innovation:

Therefore, internal and external dimensions allow companies to quickly start cashing in on incremental innovation. Simple efficiency improvement ideas or slight product/service face-lifts or upgrades can help increase revenues and/or reduce costs.

By engaging a large community of people and harnessing the wisdom of the crowd incremental innovation results come quickly and people feel listened to. With a transparent, efficient and interactive process, leadership gets a bidirectional communication tool to improve management-employee relationships and bolster participation.

Our clients experience the approval and implementation of many ideas for a constant flow of improvements with results that make an impact on the bottom-line.