Archive for December, 2009

Motivating Innovation

Monday, December 14th, 2009

Human resource executives command many tools to foster innovative workplace cultures.

However, investing in innovation may be viewed by some organizations as too risky at a time when they are scrutinizing every expenditure, the Society for Human Resource Management (SHRM) notes in its 2009 Workplace Visions article, “Innovative Work Teams in a Challenging Business Environment.”

For organizations up to the challenge, though, the SHRM researchers point out, “it’s the kind of strategic investment that will pay dividends now in the years ahead.”

Motivating Innovation Motivating Innovation PDF

Posted/Reprinted with  permission of the Society for Human Resource Management (www.shrm.org), Alexandria, VA, publisher of HR Magazine. © SHRM

The Paradox of Innovation from the 30,000-Foot Perspective: It’s About the Journey, Not the Destination

Tuesday, December 8th, 2009

In the C-suites of corporate America, “innovation” has become a mandate. Executives – from CEOs to marketing officers – believe that to innovate is to embrace the Holy Grail of 21st Century business.

But is innovation alone the answer? Is the end – innovation – capable of surviving solely as a mandate?

Or is innovation a process, journey that seeks a destination refined and polished along the way? “Total Innovation” is a sojourn that mandates a total approach philosophy.

However, to create the Culture, foster Ideation and sustain a focus on thoughtful New Product Development, innovation requires a complex combination of and continued adherence to imperatives that must be introduced, embraced and nurtured. Innovation imperatives must start at the top, the CEO. They must be written into the Mission Statements; “Innovation” must have the backing in the strategic plan.

To thrive, Innovation must have the support of long-term growth objectives and capital support. Beyond support, Innovation must gain Inspiration from leadership, who will create and foster a Culture of innovation and motivate the organization. Leadership must acknowledge the role of Risk, and understand the possibility and benefits of failure.

For without such inspiration and continued communication, Innovation will not survive. It will become little more than a once-promising concept left to wither on the vine of fanciful corporate initiatives that never quite took root.

Therein lies the paradox of innovation. Companies cannot succeed without innovation. Yet few executives understand how to introduce, nurture, or capitalize on the promise of innovation within the organization.

Planned well, the Imperative of Innovation can impact the New Product Development process. It can encourage fertile Ideation, welcoming input from associates to customers and users alike. It feeds the machine, providing methods of collecting, vetting, ranking and considering the Next Big Idea or future new products or processes.

The Innovation Imperative insists on Ownership and Accountability. It requires a Champions – and Chief Innovation Officer, if you will – be named to oversee teams Trained, coached and mentored to shepherd projects through the system, all the while adhering to each Imperative.

The Imperative requires Observation and Measurement of performance and results to ensure they deliver Net Result and Reward, and that they meet or remain focused upon an established set of objectives – and those involved are recognized accordingly.

Ultimately, innovation done well leads to Value Creation – for the organization, its stake holders and customers.

To learn more, visit see www.robertsrulesofinnovation.com or look for “”Robert’s Rules of Innovation ™” by Wiley, March, 2010
Robert F. Brands is President and founder of www.InnovationCoach.com

What Is Your Risk Appetite?

Wednesday, December 2nd, 2009

Well-considered risk taking is critical, not just for the success of individual companies but also to enable a properly functioning economy. Companies that are too cautious for too long sometimes discover that they’ve made a significant mistake. To avoid swinging between excessive caution and over-exuberance, set a disciplined target for your desired investment outcomes.

Continue reading “What Is Your Risk Appetite?” »

New Product Development Tips

Tuesday, December 1st, 2009

Remember, “creative” and “structured” need not be mutually exclusive concepts.

  • Open Wide: Keep the idea funnels wide open.  As Stage-Gate’s Dr. Cooper advises, find and fill the product “white spaces” – untapped marketplace opportunities.
  • Sharpen Those Teeth: Make sure your Go/No-Go decision checkpoints have “teeth.”
  • Widen the Innovation Highway: Make the system lean, adaptive, flexible and scalable, in order that you can simultaneously process different types and risk levels of projects.

For more Tips see “Robert’s Rules of Innovation” by Wiley, March , 2010

New Product Development Requires Fresh Perspective on ‘Creative’ and ‘Structure’

Tuesday, December 1st, 2009

New product development can be a misunderstood concept.

Is the “product” actually a product? Or can it be a process? Is it a mandate from the C Suite? Or can it be a suggestion from the factory floor, the retail showroom, the Idea Box or a customer tip?

How wide is your idea funnel? And how do you treat ideas once they land in the organization’s “idea hopper”? (see the blog post on “Innovation and Idea Management” to discover how to handle in-bound ideas).

Continue reading “New Product Development Requires Fresh Perspective on ‘Creative’ and ‘Structure’” »