Finally, your 7th innovation journey must-have

Last but not least, when launching your innovation management effort, remember to find a way to communicate why the initiative is bigger than just a simple project with a set of processes and tools. A strategic intent that shows the outcomes of the effort will not only benefit the company, but your people and the world we live in.

Show your teams that this is the opportunity to define the company’s future, to out-differentiate our competition and, more importantly, to write history together.

In short, make sure you find what makes you all jump out of bed in the morning. It´s the ultimate must-have to guarantee, over time, a seat in the Innovation Journey.

Ready to board? Check your must-haves:
Are you ready for your innovation journey?

Is it clear enough? Your innovation journey 6th must-have

From the beginning of your innovation efforts, people need to clearly understand the journey ahead and to feel they have a voice in the process.

At Exago, we are strong believers in the power of collective intelligence to envision new possibilities and deliver compelling results.

Based on this belief, we deliver a solution to generate and screen ideas, in an efficient and transparent way. Using gamification techniques, we have developed a virtual ‘stock market’ where individuals ‘invest’ in the ideas they feel offer the most value to the organisation. Through this ‘idea stock market’ all can participate and easily see and invest in the ideas they feel offer the most potential. Besides being efficient and fun, it’s a fully transparent process.

And again, it is never enough to reinforce it: you should communicate individual and group contributions and outcomes to ensure transparency and reap the engagement rewards.

Read more:
Finally, your 7th must-have

From the start:
Are you ready for your innovation journey?

No returns, no play. This is your innovation journey fifth must-have

No returns, no play. Many innovation programmes have been shut down based on this mindset. How to make sure that yours won’t?

Capture every single win at the beginning of the process, an incremental idea that is well supported, a significant level of participation.

Most innovations are the results of steady, continuous improvement. And they can deliver profound, often unexpected ‘intangible’ additional deliverables. Do not neglect them: engagement and strategy alignment outcomes; talent spotting; increased implementation opportunities.

Having a clear challenge owner is also critical. Someone who feels the urgency to solve it and who has the resources to implement solutions.

Communicate every single success. The more individuals see the success of projects to which they have contributed, the more likely they are to continue mobilised.

Read more:
Is it clear enough?

From the start:
Are you ready for your innovation journey?

Your innovation journey, why is it relevant anyway?

You may have the resources and the tools to move along your innovation journey, but if the outcomes seem irrelevant, so does the entire innovation initiative. How do you solve this?

Simple but essential: pick the right fights, the ones the business needs to focus on. From our experience, successful innovation managers have triumphed by negotiating innovation challenges with business unit leaders. Take leader´s challenges and name them innovation challenges – you will have your own champion.

What´s more, we´ve learned, the narrower the scope of the challenge, the more imaginative the audience becomes. The more ideas you will secure.

You should also have a mechanism that recognises participation and engagement. This means rewarding idea generation and participations that create value. By and by, celebrate idea implementation and identify the relevance and impact upon your business.

Read more:
No returns, no play

From the start:
Are you ready for your innovation journey?

Taking the innovation journey? Remember to harness these resources

As we,ve seen, innovation demands resilience, and both top-down and bottom-up support. It may not always seem obvious, but you’ll also need a constituency inside the company to provide support throughout the different phases of the innovation process.

Ongoing training programs that ‘produce’ innovation practitioners is one way to get it. Find the best (we modestly hope we can help) to support you in designing and developing a specific set of outcomes defined to increase the success of initiatives – by improving content quality, accelerating throughput and de-risking opportunities.

Moreover, secure a minimum three year budget. That way a commitment is made and risk of short term shut-down is minimised. Additionally, ensure your budget includes funds to support promising and interesting business ventures that stagnate simply because they don’t have a natural owner in the organisational chart.

Read more:
Your innovation journey, why is it relevant anyway?

From the start:
Are you ready for your innovation journey?