Archive for the ‘Blogs’ Category

Continuous Training and Coaching is Essential to Innovation

Tuesday, August 3rd, 2010

In order for any company to meet its goals and to achieve sustainable Innovation , proper training and coaching is an essential though often overlooked imperative. But how can a New Product Development (NPD) team represent the philosophy of its organization if the attitude, culture and processes are not continually reinforced? Proper hiring, training and coaching is essential to finding and keeping the right people for the right job – and having them trained in their role and processes on the NPD team in order to perform their personal best.

Training and coaching doesn’t stop after the initial phase. Continuity is key. New techniques, processes and best practices should always be shared to foster a constant culture of Innovation. From top to bottom, from executives to managers to newcomers, everyone must be included in training and coaching programs to be on the same page and for the New Product Development process to go as smoothly as possible. In fact, even the trainers and coaches themselves need ongoing training and coaching to prevent their practices from going stale. Sustained Innovation is a constantly evolving process.

It is not without reason that Whirlpool Corporation established that the “How To” training is the most important need for corporate Innovation to succeed, from top to bottom. At Whirlpool, innovative thinking is considered the responsibility of each of its 80,000 employees. They continue to be the primary source for new ideas that meet consumer needs. It’s such an important part of their culture that they have a corporate initiative in place to sustain the commitment company-wide.

To reinforce and enhance a creative company culture and mindset, effective training and coaching must not be forgotten. Any company that wants to stay in business needs a sustainable Innovation program. Here are some Training and Coaching tips to help your product development process:

  • Share the Joy: As well as the frustrations – communicate what is working and not working.
  • Pick the Right Coaches: Not everyone has the psychological makeup to be the coach.  Knowledge is key, obviously.  But the coach needs to be able to motivate, mediate, and create camaraderie and a sense of selflessness.
  • The One-On-One Touch: Individual coaching provides the privacy and attention that breeds success.  I’ve found that discussions regarding areas for improvement are received and acted upon much better in a private session, away from peers listening in.  This can be especially critical with new employees and/or team members.
  • Basics First: Make certain project management basics are taught, applied and re-taught.

For more Tips, see Robert’s Rules of Innovation by Robert F. Brands with Martin J. Kleinman published in March, 2010 by Wiley.

Redefining Innovation’s True Reward: Amassing Intellectual Property and Value Creation

Friday, July 23rd, 2010

What is the ultimate goal of process-driven innovation? Open a bottle of Coca-Cola – and read its performance reports – to get a true taste of the answer.

In 1980, the Coca-Cola Company was struggling, and its market share was underperforming compared to its competitors. So at a worldwide management conference in 1981, CEO Roberto Críspulo Goizueta decided to refocus the entire organization on putting value creation first.

The company refined its marketing investment, expanded into new markets, and acquired new bottling companies and the intellectual property and patents they held. The company created new products, including Diet Coke. It embraced a global vision; to wit, some market researchers say the company became the world’s best-known brand.

This transformation of company and IP doubled the company’s market share in 15 years, and Goizueta reportedly created more shareholder wealth than any other CEO in U.S. history.

Much has been written about innovation – the imperatives that drive the process and the results borne from the exercise. The purpose of innovation ostensibly is value creation that translates to enhanced stakeholder value. Process-driven organizational innovation drives value creation that transforms ideas into vital intellectual property, IP into revenues, and revenues into increased stakeholder value.

In any for- and not-for-profit organization, “value creation” can be translated in many ways. It is

  • Improved, silo-busting, team-building collaboration
  • Amassed IP and new product development, which gives the company or organization a competitive edge on the market or competition
  • Strengthened fiscal performance, which lures additional investment

This is why organizations invest the time, energy, creativity, research, planning, refining, modeling and retesting that it hopes will pay off in terms of improved process, better teamwork, a new business model, a refined brand – and black-ink results. These are assets that add value to the company, which is why it is absolutely crucial to protect these ideas.

Yet Intellectual Property will drive the future. As we move past the Industrial Age and the Age of Technology, the future era will focus on process that drives IP – and the real value it delivers. As much as teams and share, it is imperative to build and protect IP through the use of patents. Patents protect and define the innovation so they are the key step to commercialization and enhancing value.

It is essential for every company to keep a patented Intellectual Property portfolio. The IP portfolio of Airspray doubled in value because of the patented technology that turned liquid hand soap into foam. Airspray realized – and its fiscal results proved – that the regular and persistent renewing, refreshing and updating of patents was well worth the cost.

To this day, IP remains arguably the most powerful driver in innovation’s Value Creation.

Do Your Innovation Emperor, Rules & Idea Management Help or Hinder the Process?

Friday, July 2nd, 2010

In the pursuit of innovation, many “enlightened” companies try to follow what they believe are established morays and best practices.

They install someone to manage new product development or innovation. They set up a litany of rules. And they select only the “best” ideas for further development.

Then they wonder why innovation falls fallow.

A recent study from The Nielsen Company. found that companies with acknowledged, successful innovation practices also have limited involvement from senior management. The teams are guided, but freed of stifling controls.
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E-FACTOR Radio & Small Biz America Interview

Wednesday, June 23rd, 2010

Listen to Interview with Small Biz America Host David Wolf and Host of E-FACTOR Radio with Robert Brands on Innovation, the importance and Robert’s Rules of Innovation.

Click Here To Listen

Fostering Creativity with Structure

Sunday, June 20th, 2010

Creativity in the form of fresh ideas, whether from executives, salespeople or customers, is an invaluable resource to any organization. But these ideas need guidance and structure in order to achieve the key goal of Innovation: profitable growth. To successfully channel ideas into a profitable result, it is necessary to establish a formalized New Product Development Process, from concept to launch.
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Ownership: Are You Taking Responsibility?

Sunday, June 13th, 2010

In order to achieve Innovation, a champion within an organization must take Ownership – one of Robert’s Rules of Innovation imperatives.  The champion, whether an officer or executive manager within the company, has the responsibility of convincing others to work outside their comfort zone, even if they are resistant to change.
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Accountability: The Foundation of Sustainable Innovation

Friday, May 21st, 2010

In Robert’s Rules of Innovation: a 10-Step Program for Corporate Survival, author and Innovation Speaker Robert Brands shares his 10 imperatives to nourish Innovation – the lifeblood of any company. Of Robert’s 10 imperatives, one of the most important and the most difficult to achieve is Accountability.
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Building a better Pizza: How much can Innovation sell Pizza?

Wednesday, May 19th, 2010

First, there was pizza – round dough, with cheese, sauce, and toppings.

Then, competition arrived, and the simple pizza pie simply wasn’t enough.

Delivery companies began a string of innovations. Hand-tossed, thin-crust, “Chicago-style,” stuffed crust and “Meat Lovers” were among the pies du jour. Then one chain rolled out cheesy sticks. Another offered various desserts. Then, a line of pasta – in plain tin pans, or in bread bowls.

Most recently, the New Product Development team at Domino’s posed a remarkable innovation: It created what it called a “better” pizza. Aggressive marketing hyped its culinary research into its new taste, and the company rolled out its new pie – seemingly same as the old pie, only tastier. (more…)

Innovation Governance: Adding Guidance and Essential Support

Sunday, May 2nd, 2010

Companies and organizations turn to governing boards for so many critical elements these days.

Boards of Directors guide overall strategy and direction. Appointed Audit Committees pore over corporate financials and performance. HR / Compensation Committees ensure the organization’s on track with hiring and benefits that keep it competitive. Each has been formed to inform, advice and support the CEO in his or her the ethical- and policy-backed pursuit of protecting shareholder / stakeholder interests.

Yet in the Age of Sarbanes Oxley-like governance across the organization, why doesn’t innovation have such oversight? (more…)

Failure To Launch: Leadership Vacuums and Overcoming Barriers to Innovation

Friday, April 16th, 2010

You want to innovate. You want your company and people to embrace new ideas, get ahead of the curve – and competition. You want to be progressive, thoughtful and creative.

But you’re stymied by barriers to innovation that get in the way. They bog down your team, repel creativity and leave the organization wanting for more. Projects can’t get started. Initiatives don’t leave the gate. There’s a general failure to launch.

For some organizations, innovation is the much sought-after Holy Grail of thoughtful, productive creativity. Yet for those where innovation ceases to exist, the organization itself often is at a loss to identify the culprit.

In reality, the barriers to innovation often are the same barriers that prevent other progressive initiatives from taking root. In a recent survey, innovation blogger Braden Kelley asked readers, “What is your organization’s biggest barrier to innovation?” (more…)