Posts Tagged ‘IDEA MANAGEMENT’

If ideas are the seeds of innovation…

Tuesday, January 22nd, 2013

Innovation is a product of human activity. Innovation keeps life interesting, yet it begins first, with ideation. The creation of a new thought or idea.

If ideas are the seeds of innovation, idea management  is the formalization of the processes involved in gathering, sharing, analyzing and executing the ideas generated within an organization and its collaborative networks.

Ideation and idea management pack the front end of the New Product Development (NPD) funnel with a wealth of viable concepts. Since only a fraction of ideas actually reach fruition, ideation should be harnessed by a process with dedicated resources and with both NPD & LTD (Long Term Development) teams working together.

Ideations can take many different forms. They can be solutions; where there is a problem, there is a solution waiting to be found. They can be evolutionary by modifying an existing product or adding a feature to it. Ideations can be symbiotic; combining multiple ideas, using different elements of each to make a whole. They can be revolutionary (a brand new perspective). Ideations can be serendipitous; where the intended idea is generated by the unexpected. They can be targeted; dealing with a direct and planned path to discovery, or they can be artistic, disregarding practicality and allowing ideas to flow without constraints.

Whichever form your ideas take, how you manage them dictates the outcome of each endeavor. Frequent and intelligently facilitated ideation sessions lead to successful new products… and the much sought after AHA! or Eureka! moment.

Here’s a fun little side fact for you: The Eureka moment is said to be named after the myth that the Greek mathematician Archimedes, having discovered how to measure the volume of an irregular object, leaped out of a public bath, shouting “Eureka! Eureka!” Or, translated: “I’ve found it! I’ve found it!”

Now, getting back to the business of ideation, here are some idea management tips:

  1. Tear down the walls or create dedicated ideation space – Break up teams into people who know each other but are not “that friendly” with each other in order to minimize group think.
  2. Provide a framework to capture ideas – Accept ALL ideas and get them written down on the board. You never know when a concept can be recycled for future use.
  3. Setting and Location – Create a positive environment to delivery pitches, but vary the format as well as locations and times of ideation sessions. Predictability can kill ideation. Mix it up to get people out of their comfort zones.
  4. Info Alchemy – Create and maintain your idea inventory & review it regularly. Build a database of ideas from which new combinations and solutions can be derived.
  5. Include a diverse group of people – In addition to your team, include members such as the sales team, people who interact directly with customers, and maybe even a few select customers themselves to offer their insight into the meeting.
  6. Establish rules of engagement – At some point during the ideation process you will need to inform your team what you are, and are not looking for. Communicate what the overall process will look like, and how ideas will be evaluated.
  7. Recognize and reward contributors – Instill a sense of urgency in every employee about what needs to be done; give them the support they need to feel their good efforts will be rewarded.
  8. Encourage the creative process – The Challenge sponsor must promise that the crowd’s efforts will not be for nothing and that the ideas will all be taken seriously and some will be further developed.

Last but not least start with White Boarding or Brain writing versus just Brainstorming that should follow… ask your Innovation Coach about this.

For additional Tips on Idea Management, see Robert’s Rules of Innovation ™ by Wiley, Spring, 2010.

 

3 Strategies for Efficient and Effective Teamwork

Wednesday, December 5th, 2012

 

You’ve just asked your employees to collaborate on an important group project. After taking time to photocopy a stack of handouts about the project, the group waits for a conference room to become available.

Finally seated around the table, the group stares down at their paperwork until the meeting disperses, not to meet again for days or weeks. At its bare essentials, the group project appears to be tedious and inefficient. But, by making a few simple changes, you can promote a creative and results-oriented teamwork process. We say, out with the rickety copiers and cubicles and in with efficient technology for easy and effective collaboration.

Save Time with Scheduling

If multiple groups and projects are using a single conference room or other space, put a room scheduling system in place so that everyone has an equal opportunity to utilize the space. Less time is wasted waiting for the room to become available and more time is devoted to getting work done.

  • If conference rooms are unavailable, consider using portable office partitions to temporarily sequester a part of the office for group work. You don’t have to permanently re-design the entire office; it takes little effort making the setup more flexible and conducive to a group environment.
  • Groups work better when they have a dedicated space to regularly meet. As an added bonus, the freedom to leave meeting notes, work samples, and project ideas in the space can “help teammates maintain a shared project mindset,” according to HBR.org.

Save Money with Technology

With the right technology in your office, you can increase group creativity, cost effectiveness, and productivity. Printing presentations and photocopying enough for the group costs time and money and creates waste. Using a projector to display a power point or presentation saves trees and changes the atmosphere of the meeting.

  • Projectors come in a wide variety of types and prices, from low-end laptop peripherals to high-end ceiling-mounted units. Choose the type that best fits the needs of your office, and it will pay for itself in increased productivity and efficiency.
  • With a projector in use, team members focus together on a single point of attention, emphasizing the collaborative nature of the project.
  • With the entire team focusing on the same information, questions and discussions quickly result. Discussing the presentation as a group “enhances the learning experience,” says one expert from E-How.com.

Promote Sharing with Software

Team members need to keep collaborating after the meeting is over. Tens or hundreds of documents and files can be emailed back and forth amongst members as changes are made, resulting in frustration and confusion over which file is the “right” one. Document sharing software keeps inboxes organized and final products safe.

Many document sharing programs are available for free and can be easily downloaded to your computer.

  • If already using Google, you can take advantage of their free Google Drive. In addition to sharing amongst a large group, Google Drive includes free file editing software. Group members can read and real-time edit files at the same time from different computers with no confusion over finding the “final version.”

When it comes to teamwork, it’s out with the old and in with the new. With the right tools and attitude, you can make employee teamwork more productive, creative, and easier than ever.

Megan Webb-Morgan is a web content writer for Resource Nation. She writes about small business, focusing on topics such as VoIP providers.

 

 

 

Innovation Balancing Act

Monday, November 12th, 2012

 

On June 15th of this year, Nik Wallenda became the first person ever to walk across the roaring Niagra Falls on a 2-inch wire.

After battling wind swells, and thick mist, Wallenda completed his walk crossing from the United States into Canada.

 

 

He was greeted by a Canadian customs agent who asked, “What is the purpose of your trip sir?”  Wallenda’s response: “To inspire people around the world to follow their dreams and never give up”.

There are many possible roads to innovation. Successful innovation means defining your own road. Much like Nik Wallenda’s walk across Niagra Falls, some of the best innovations come from stepping outside your own comfort zone and balancing the many different facets of innovation.

The formula for success in innovation is about finding the middle ground, walking the tightrope between risk and innovation; between ideation and value creation. The Innovation Balancing Act.

Successfully managing the process of innovation ensures the outcome results in a superior return on investment (ROI).

Risk/Innovation

It’s safe to say that companies are not naturally inclined to try new approaches without clear evidence that those approaches are likely to work. Like many innovators, you may find yourself struggling to innovate in advance of an anticipated economic recovery, while still working to keep costs down in a decidedly uncertain business arena. To increase initiative and innovation, you have to encourage and even embrace failure. You must have a willingness to invest without ROI assurance (see Innovation is Creativity X Risk Taking).

Keep in mind:

  • Milton Hershey started three unsuccessful companies before Hershey’s Chocolate.
  • Michael Jordan was told he was too short to play on his high school varsity basketball team.
  • The Beatles were originally rejected by Decca Recording studios, who said “we don’t like their sound” and “they have no future in show business”.
  • At age 30, Apple’s Board of Directors decided to take the business in a different direction, and Steve Jobs was fired from the company he created. Not only did Jobs go back to his former company, but he changed the market in an astounding way. Jobs claims that his career success and his strong relationship with his family are both results of his termination from Apple.

Are you creating the next Hershey’s or Apple?

 Ideation/Value Creation

The key to optimizing sustainable Innovation programs is value creation. While the creation of the idea is important, the creation of value for the customer is equally paramount. Adding perceived value to a new product or service will drive ROI. The value proposition is the key to successful innovation.
Customer value can be created through the actual value-added of the new product, once you find that delicate balance between cost, price and return. Balance is found, in part, by seeking stakeholder input and customer feedback during development of any innovation process (see Value Creation).Remember:

  • A means to an end – Think of innovation as a process that uses intellectual capital to generate positive business results, new findings and as a result, even more innovation.
  • Key Considerations – Remember to monitor start-up costs, speed to market, scale to volume and other metrics.
  • Customer is king – develop an innovation with high perceived value and strong sales will follow.
  • IP Protection – IP and Patent protection lock in your competitive advantage and support sales results and market share.

You can learn more about the above points, including how to protect your ideas, by reading  Robert’s Rules of Innovation. Robert Brands is the founder of InnovationCoach.com and the author of “Robert’s Rules of Innovation”: A 10-Step Program for Corporate Survival, with Martin Kleinman, published by Wiley.

 

Can Innovation Be a Structured Repeatable Process?

Tuesday, July 24th, 2012

calendarWhen Innovation comes to mind, the first thing people may think of is creativity, spontaneity, or a momentary stroke of genius. But can innovation occur out of a structured, repeatable process? The answer, in short, is yes. In fact, in order to build a long-term culture of sustained innovation, a structured process must be put into place especially in idea generation or ideation. Although it sounds counter intuitive to say “structure” and “ideation” in the same sentence, organizations need to conduct at least two ideation sessions each year in order to foster continued growth. A good innovation leader has the foresight to schedule regular ideation sessions year after year, and not just when sales are dwindling.

Ideation, or idea management, is part of a long term innovation effort that, if facilitated intelligently, leads to successful new products or services. Even if a small percentage of concepts make it through the process, the payoff could be significant for the company. So schedule those bi-annual ideation sessions and invite members from various departments in your organization to participate. You’ll find value in fresh perspectives from customer service, engineering, production, marketing, and your salespeople. Here are some tips for hosting ideation sessions that will lead to the best possible outcomes.

  • Break up teams into people who know each other but are not “that friendly” with each other in order to minimize group think.
  • Vary the format as well as locations and times of ideation sessions. Predictability can kill ideation. Mix it up to get people out of their comfort zones.
  • Accept ALL ideas and get them written down on the board. You never know when a concept can be recycled for future use.
  • Build a database of ideas from which new combinations and solutions can be derived.

By holding regular ideation sessions, your organization is adopting a proactive strategy in the new product development process. To get results in Innovation, a structured, repeatable process is essential. Look to all imperatives of Robert’s Rules of Innovation:

  1. Inspire
  2. No Risk, No Innovation
  3. New Product Development Process
  4. Ownership
  5. Value Creation
  6. Accountability
  7. Training and Coaching
  8. Idea Management
  9. Observe and Measure
  10. New Result Net Reward

These rules of order are meant to be applied regularly as part of a sustainable growth strategy. All these parameters should be continually utilized – and not just when sales or ideas are low – to achieve successful, lasting innovation.

Jump Start the Idea Process for Maximum Efficiency

Tuesday, June 28th, 2011

Innovation begins with just one great idea – built upon, tested, retested and executed with care. It can take thousands of ideas, over the course of weeks, months or even years to reach that one great idea that will bring Innovation and profitable growth to a company. The goal of successful innovation is to get to those monumental moments quicker and more often in order to stay ahead of your competition. That innovation effort is only possible through Idea Management – by holding ideation sessions within your organization. Be sure to create and maintain an idea hopper so you don’t lose any ideas that could potentially pay off later on.

There may be naysayers of ideation sessions, who claim they do not work or that there is no room in the budget. However, it’s all about that small percentage of ideas that make it through the process and produce immense payoff for the company. We’ve all seen that one innovative idea or product that’s catapulted sales and increased shareholder value tremendously for an organization. All it takes is that one great idea among thousands.

Do not overlook the importance of ideation sessions in the process of achieving Innovation. To maximize efficiency, invite your customers and salespeople to participate. It’s a golden opportunity to hear the needs of your consumers, and salespeople can produce invaluable insights about the marketplace. Include other departments of your organization as well, even the ones labeled “not creative” because it would be a shame to miss out on a potential opportunity. Everyone is a consumer so all opinions are relevant.

A diverse group, forced to perform out of their comfort zone, produces the highest quality work. So hold your ideation sessions outside of predictable times and locations – try it at a client’s office or a third party venue. Avoid Monday mornings, Friday afternoons or right after lunchtime when energy levels drop. Most importantly, accept every single idea that comes through without objection or ridicule. By asking the right open-ended questions to unlock new insights and discoveries, to narrowing down to specific concepts, you can jump start the idea process and reach the next “Aha!” moment sooner than your competitors. A concept that doesn’t work at the moment could prove to be successful later on down the road – so store best practices. Maintain an idea database, cross fertilize and keep those ideas until the right technology or cost is possible.

Robert’s Rules of InnovationTM is focused business innovation, with Robert Brands’ goal to bring one new idea to market every year. For more tips on Idea Management and the 10-Step Program for Corporate Survival, see Robert’s Rules of InnovationTM published in March 2010 by Wiley.

 

Innovate to Thrive: Time to Open the Throttle

Sunday, October 17th, 2010

As leaders search for the next process that will transform their organizations into category leaders, for many – it seems – the answer is close at hand: Innovation.

Over the past several weeks and 10 posts on the Vistage Blog , we’ve reviewed key imperatives that formed “Robert’s Rules of Innovation” and that together create the foundation upon which to build, improve, sustain and grow an organization’s innovation mandate.

Consider this the closing chapter in an 11-step treatise on putting what you’ve read into action. First, a brief summary…

Consider the lesson on the first imperative – Inspire and Initiate – to realize the steps necessary. The power of inspiration cannot be over-estimated in the process of innovation. Inspire your people, and then hit the throttle. Continue reading “Innovate to Thrive: Time to Open the Throttle” »

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.
Continue reading “Do Your Innovation Emperor, Rules & Idea Management Help or Hinder the Process?” »

Innovation and Idea Management: From Ideation to Collaboration to Execution

Monday, November 16th, 2009

Innovation thrives on a diet of news ideas. Alt:  Innovation: What a great idea !

It needs new views, fresh thinking, a different perspective from across the organization.

We’ve noted that Innovation = Creative x Risk Taking. Setting aside risk for the moment, creativity is a central element to the innovation process. But it must continually be nourished with new ideas from a variety of sources.

Continue reading “Innovation and Idea Management: From Ideation to Collaboration to Execution” »