How can Exago Start innovation software empower your teams to innovate?
Here’s what Diana has to say.
Get your 30-DAY FREE TRIAL here.
How can Exago Start innovation software empower your teams to innovate?
Here’s what Diana has to say.
As business models are being challenged, organisations need to be more adaptable and resilient, naturally also by becoming more efficient and cutting inadequate costs. This change must happen from the bottom up, with the right leadership and sponsorship, to define the areas of improvement clearly and separate the good costs from the bad at both micro and macro levels. Innovation managers can, and should, lend a hand to address this shared challenge.
A well-structured innovation management programme for strategic cost-cutting and improvement is useful to get employees identifying ground-level enhancements, with several additional advantages:
BUILD A COST-CONSCIOUS CULTURE
Involving employees and challenging the organisation’s cost and waste culture will help you develop a cost-conscious culture for a more sustainable business approach. Keep cost optimisation as a strategic priority, even when there is no immediate pressure on costs;
AN ONGOING AND RESILIENT PROCESS
Having your cost-cutting and improvement strategy embedded in your innovation management programme will bring you continuous results, building a sustainable process and putting more robust and flexible foundations in place before introducing transformational initiatives.
EASILY UNCOVER BAD COSTS AND INEFFICIENCIES
Engaging and empowering everyone in the organisation, from shop floor to top management, will expose inefficiencies that would not usually be identified in a typical consulting diagnosis project. Your employees know more about your everyday business than anyone else, so tapping into their knowledge and efficiently getting everyone involved in signalling cost improvements will deliver interesting results for your strategy;
MORE DIALOGUE AND ENGAGEMENT
With effective and transparent communication regarding cost cuts and improvements, companies can face less resistance from employees and more easily ensure business management support. It can also bring higher employee engagement, as more frequent interactions are needed between finance and the operating managers and between managers and teams to keep costs aligned with business and to track results.
Strategic cost-cutting is, however, never blind cutting. It is in fact a method to accelerate the discovery of new and more effective ways of doing business, at a lower cost, which is even more relevant in difficult times. On the whole, it should be seen as a way of questioning how we do things – even why we do them – , exploring new innovative routes and building the foundations of tomorrow’s growth.
Do you feel that your innovation programme is becoming too complex? That you are spending too much time picking the right software to support your initiative, instead of focusing on what your company really needs?
Exago Start, our new cloud-based idea management software edition, is here to simplify your job and change the way innovation is done.
Built to empower your teams with the tools to innovate, you can easily deploy it in one day to start solving your business challenges. Exago Start offers you:
Inspired by industry best practices, the new innovation software accelerates and facilitates the launch of your idea management programme, with:
Have your people share ideas and collaboratively improve colleagues’ ideas in a healthy competition environment, with:
QUICK AND RELEVANT RESULTS
Effectively assess ideas along the funnel and gauge results with no additional effort, thanks to:
Launching your own innovation programme has never been this easy. Learn more about Exago Start to understand why.
The challenge was set, the votes counted and the champions announced. And now, Exago has delivered the prizes to the Innovation Guru Award winners of 2017. We were proud to present the trophies to Via Varejo, Ageas and CTT, the clients who especially stood out for their solid focus and resilience to innovate over the past year.
After announcing the winners of the second edition of the Exago Innovation Guru Awards, the Exago team delivered the trophies to the three winning teams:
Welcomed by the Inov+ team, the name the company has given to its Exago innovation platform, Exago presented the Innovation Farmer trophy to the Portuguese postal service CTT for continuously sowing the seeds of its innovation programme. In keeping with this commitment, Exago will plant and care for 50 trees in the company’s name for five years, through the Plant a Tree project.
Insurance group Ageas received the Innovation Hunter trophy in recognition of its team’s performance through Ding, the successful innovation programme they have developed using the Exago idea management software. In recognition of its creative and highly original approaches to participation and innovation, the Ding hunters now have a new prize in their sights, with an Escape Game for their innovation team.
Along with the Innovation Bookkeeper trophy, the Brazilian retailer Via Varejo received another prize to complement its informed, balanced approach to innovation: the chance to pick one of three Innovation Services offered by Exago, to further bolster the already successful results of its innovation programme.
Congratulations to all the winners!
As companies fight to stay ahead of the innovation curve, the role of the Innovation Director is developing and growing in significance. Some have trained in the field with a high degree of specialisation, while others have fallen into the position from other areas and have moulded themselves to become the innovation leader of their company. Regardless, their goal is the same: to help propel and direct innovation within their organisation.
At its core it is a very appealing role indeed, filled with possibilities, but it also has its fair share of challenges. Many of them are recurring, whether you have been in the role for five years or five months. These challenges generally depend on the dynamics of the markets and of your company in each new leadership cycle, but also on the prevailing corporate culture itself.
Unlike any other field, innovation is built on uncertainty; you may have concrete objectives, aligned with strategic goals, but much of what makes you evolve often stems from pure exploration, from someone connecting dots in a new way. Innovation is exciting yet tricky, a balancing act that isn’t always easy to manage. From time to time, you may even find yourself having to persuade others of its relevance.
So what can you do to juggle these aspects? How can you establish an effective innovation structure and help drive innovation across your company? Besides the key traits that every strong Innovation Executive should possess, to make sure you succeed in your role as an Innovation Manager, there are 7 (+1) things you have to do:
Above all else, it is crucial that innovation is seen as an asset for the business as a whole. If you have the board directors on your side, like at insurance company Ageas (whose CEOs even let themselves be kidnapped in a launch initiative of their innovation programme), then you are one of the lucky ones.
But that isn’t always the case. If not, then you should forge the path to instil a culture of innovation within your company by framing it around the key concerns of your leaders.
The results of innovation can, in fact, manifest themselves anywhere from employee engagement to increased ROI or improved medium- to long-term business risk management, so once you can paint a picture of how innovation can meet the concerns that those at C-level may have, then they are more likely to take your programme on board.
On the other hand, you might be surprised; it’s amazing how often people are open to change, once the opportunity presents itself with the right framing.
As Innovation Manager, you should reach the directors of the most important departments. Listen to their issues and their most pressing challenges, and make sure they are aligned with the strategy of the company. You will want to keep your door open to all of them, but may feel the need to pick three or four key priority areas.
Yet, be aware that some will be more receptive than others and there will likely be resistance, as they may feel that your work will change or disrupt theirs at some point.
You should also focus on picking the right ‘battles’. Choose challenges that have business relevance and are attainable, and spend enough time defining the problem. At this point, remember Albert Einstein’s words: ‘If I had only one hour to save the world, I’d spend 55 minutes defining the problem and only five minutes finding the solution.’
Show the heads of sales, marketing, operations and human resources how your field can serve and enhance their work. Everything works better if you have them on your side rather than as opponents, and if you start by setting the example and working collaboratively.
Although you can create innovation silos or hubs focused on innovation and research and development, which are also important, the role of a true Innovation Leader is to instil the idea of innovation as a way of working across all departments.
For that reason, even if there are investment targets, brainstorming sessions or ideation hackathons, innovation can’t just be a top-down strategy. It must involve and mobilise everyone bottom-up, giving people a voice and harnessing their cumulative expertise, while considering the value in different participation profiles.
As the PWC Innovation Benchmark 2017 report underlines, ‘Human experience and insights of all kinds help shape and deliver new ideas, solutions, products, and services that ultimately bring value to markets and businesses’.
The graphic below shows how people-powered innovation most often begins with your own employees.
This is the real challenge then: to bring innovation to the core of your organisation’s culture and to the everyday way of doing things, because your workforce is your most important innovation partner.
There are several devices that can help you in this process. Tools such as basic research, collaborative innovation approaches or even open innovation can support business innovation, depending on your specific goals.
Collaborative innovation in particular has proven to be effective in impacting your people as a cooperative community and your company as a living organism. You get to invite people to take part in your innovation challenges, share ideas and improve the ideas of others, rallying all your best minds to find answers and solutions that are relevant to your C-level and your key champions. It readapts mindsets and structures progressively, and on a daily basis.
By using established collaborative innovation software to get everyone involved, companies can promote engagement and transparency, maximise the talent pool and find solutions faster with less costs. All of which goes towards driving their innovation agenda successfully.
Having said this, people alone are not enough. As an Innovation Manager, you have to touch upon several types of innovation to be successful, in accordance with the various goals you have set yourself.
You should envision short-, medium- and long-term innovations and incorporate strategic cost-cutting and improvement in your innovation agenda, at both macro and micro level, which will quickly drive results.
There is no ‘one size fits all’ solution in innovation, and no single approach. The methods involve process designs, planning, aligning strategies and getting your champions involved – design thinking can help you do this.
If you know the best ideas can come from anyone and anywhere, you need to open channels for them to find their way to you.
To achieve any given goal, it is also vital to establish space and time dedicated exclusively to innovation, whether that means a physical or a virtual platform, or days (or even hours) committed to your innovation goals.
Additionally, you should also use communication instruments to gauge the results and promote the idea of innovation as both shared opportunity and responsibility. This is the reason it is so important to build a solid bridge with the communications and marketing teams: if you have good content for them, they will be pleased and in turn can create initiatives around your innovation programme that will have a significant impact.
The numbers will of course speak for the success of the initiative, such as ROI, engagement levels, participation figures and amount of ideas, but it goes beyond that.
Success also lies in the intangible results – the stories, the people sharing their ideas, the value it creates… It’s about giving your people a voice, letting everyone know what is happening and celebrating individual and collective achievements.
This means that you need to have a methodology in place and to establish KPIs to measure different results throughout your innovation challenge.
At the end of the day, it is up to you (and your team) to provide the end results. However, you are not, and should not, be alone in this. You have a draft roadmap on what to explore, but you have to encourage others to explore as well.
This means that you have to change the way you see yourself, and that others see you, as the head innovation manager – you don’t govern innovation, nor will you have all the answers; you are a facilitator and a catalyst, engaging and mobilising individuals and teams across all levels.
It isn’t always comfortable, but you must turn innovation and creativity into appealing projects that benefit everyone and change the way of doing things for the better. This will allow your people and your organisation to excel in every task and reap the many benefits of building an innovation culture, whichever the business area.
Diana Neves de Carvalho, Exago’s CEO