Posts Tagged ‘Robert’s Rules of Innovation’

Defeating Devil’s Advocates to Become an Innovation Champion

Tuesday, July 12th, 2011

In an organization, it’s human nature to resist change and to stick with the status quo that’s often more comfortable and safe. Some of your teammates in your company may be devil’s advocates who claim they want what’s best for the business while they oppose initiatives for Innovation. As a leader and innovator-in-chief of your company, it is critical to drive the culture of Innovation throughout the organization even in the face of opposition.

To defeat devil’s advocates, first you must examine why innovation efforts fail. A major reason is tied to an organization’s culture and its people. In a BusinessWeek survey of top-ranked companies in Innovation including Google, Apple, 3M, Toyota and Microsoft, the companies attributed their success to the avoidance of certain culture-related issues. These issues included Innovation that was only “lip service” – all talk and no support. Having isolated initiatives instead of an ongoing culture of innovation was a deterrent. Fragmented support within the company was certainly an Innovation killer, as well as resources concentrated by certain innovation blocs.

So how does one defeat the devil’s advocates to become a true innovation champion for change? I asked Nic Hunt, Director of Innovation for an international manufacturing corporation, who takes a three-step approach.

1. Define the desired culture. What does Innovation mean for your company? Quantify your goals, in terms of sales numbers and time frame, which will identify and justify the resources needed to achieve the goal. Identify who will be your key players from all departments within your organization.

2. Establish the foundation. Create an identity or brand for innovation in terms of something the business engages with, that becomes the overarching theme for programs and initiatives created over time. Then establish the framework necessary to achieve Innovation, such as quarterly idea reviews, monthly development meetings, brainstorming sessions, off-site team activities or recognition programs. Build a calendar and stick to it so these initiatives are taken seriously and do not fall off the map.

3. Engineer sustainability. Develop a system that brings the Innovation program to life such as awards, patent recognition badges and innovator lunches. Share success stories of great examples of teamwork that led to superior outcomes. Create regular activities that help build a sense of purpose and spread excitement of the new innovation program. Building morale sets the stage for organization members to want to actively participate and have their voices heard.

A successful innovation strategy is multi-faceted and involves many methods, but leads to big pay-off in the end. For the full guide on achieving innovation, see “Robert’s Rules of Innovation: A 10-Step Program for Corporate Survival“.

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.

 

The Right Rewards: Business Beyond Bonuses

Tuesday, May 17th, 2011

What is the ultimate purpose of Innovation in a business? The end goal is Return On Investment (ROI) for all Stakeholders. After all, the objective of the New Product Development process is to turn ideas into money. ROI comes in the form of increased shareholder value, new products and new features – everyone wins, including your employees, your customers and your stakeholders. So to move your company forward and stimulate profitable growth, it’s important to give every member of your organization the proper motivation.

In “Robert’s Rules of Innovation”, Net Result and Reward is about motivating your people with the right incentives. Motivation does not necessarily mean rewarding with money, and quite frankly it is about recognition for a job well done. Give your NPD team incentive to produce innovative ideas. What type of rewards can you give your team, beyond bonuses? Here are some ideas for non-financial motivation.

  • You want your employees to feel a sense of loyalty to the company. Reward high performance with opportunity – to sit on a panel, a team or attend a business conference.
  • Recognize a job well done with an award program. Give an award to a NPD team member who has achieved a great accomplishment.
  • One of the best ways to highlight an innovation champion’s achievement is to give them exposure. Introduce them to a client, or invite them to lunch with an executive of the organization or face time with the boss.
  • Simple praise will boost morale (so long as it is deserved)! People like to know that their success was noticed by the head of the company.

These non-financial rewards can benefit an organization by increasing an employee’s loyalty and commitment to the company, boosting company morale and reinforcing ideal outcomes in the future. Motivating employees to reach their top performance is a win-win situation for everyone involved and equates to Innovation ROI. Actually a November 2009 study by McKinsey concluded that recognition and these types of rewards were appreciated more than just financial rewards.

For additional tips on how to drive a successful New Product Development team, look for “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.

Value Proposition: The Key to Successful Innovation

Monday, April 4th, 2011

What defines successful Innovation? Innovation is the process of using intellectual capital to create new products or services that generate positive business results in the form of financial returns. Discovering new findings then spurs more innovation which leads to further financial returns, and so on.

Innovation is successful when positive outcomes result in return on investment (ROI). That is why Value Creation is so important. Adding perceived value to a new product or service will drive ROI. The value proposition is the key to successful innovation. Develop an innovation with high perceived value to your customer, and strong sales will follow.

It’s all about understanding your customer and giving them what they want. Customer input and feedback is key. Look at Ford for example. The car manufacturer observed and listened to their large customer base on what they wanted in a car. They launched the “Your Ideas” initiative that invited people to make suggestions for improvement in all areas of comfort, convenience, connectivity, performance and safety. The result? Ford added iPod, MP3 player and USB connections, touch screens, voice activated communication systems, intelligent push-start buttons and more. Sales are soaring – not because of the traditional four wheels and performance but because of perceived value added features. Ford Motor Company now has the highest customer satisfaction rating among all major automakers.

When was the last time you tried or experienced your product or customer experience? Create value and not just onerous processes. Consumer input should be considered at multiple stages of your new product development process in order to increase perceived value. Enhanced product value means higher margins, greater returns, improved loyalty and increased stakeholder value.

Finally, when you find that delicate balance between cost, manufacturability and consumer perceived value, be sure to protect your intellectual property (IP) portfolio through patents. Invest the time and money into constantly updating patents and managing your product or service portfolio because it will lock in the value of your Innovation IP.

For more tips on Innovation and Value Creation, look for 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.

Innovation Resolution 2011

Monday, January 3rd, 2011

Welcome to the New Year! As a business leader, what are your
New Year’s resolutions for your company? As you think about the future of your
company and how to make your business grow, implementing sustainable Innovation
should be your top priority for 2011. Innovation is the lifeblood of any
company and the only way to stay ahead of the competition.

Let’s take a look back at the 2010 Brand Innovations:  http://popsop.com/41746

For example, after over 30 years in business, Apple
continues to deliver a steady stream of new and refreshed products year after
year. It’s easy to see why competitors have to be on top of their game to
compete with Apple in the consumer electronics market. It’s Innovate or Perish.

Innovation is key in delivering profitable growth. If you
are looking to get started, look for Robert’s Rules of Innovation,
the imperatives for how to create and sustain Innovation. Don’t get left behind
in the New Year; make sure your company has the roadmap to successful
innovation implementation.

A Prosperous and Innovative 2011 to you and yours.

Is your Idea pipeline being filled and maintained?

Monday, November 29th, 2010

If even 1% of new ideas succeed, it can lead to a huge payoff. A steady stream of ideas is what fuels Innovation, so one of Robert’s Rules of Innovation imperatives is Ideation, or the idea management processes .

On any new product development team, it is up to the leader to facilitate ideation sessions that produce a regular supply of new ideas. In order for these ideation sessions to be as effective as possible, it’s valuable to 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.

In these brainstorming sessions, which should be held regularly like two to three times a year,  it’s ideal to include a diverse group of people – perhaps from customer service, engineering or production – to create a setting ripe for creative ideas and to avoid group-think. The process should be a structured repeatable process. All ideas should be written up on the whiteboard or flip chart, then recorded and stored for future reference, with absolutely no ideas dubbed as bad. Negativity causes fear of judgment, which can seriously hurt the Ideation process and any chance of new and original ideas. Remember, good ideas can come from anywhere, so the more diverse your team and the more removed they are from their usual environments, the better for developing ideas essential to Innovation. (more…)

Innovation Requires Risk Taking

Monday, November 15th, 2010

“If you’ve never failed… you’ve never lived” is a popular video on YouTube describing the failures of people like Thomas Edison, once called “too stupid to learn” by his teacher and Walt Disney, who was fired from a newspaper for “lacking imagination”. Not every idea succeeds, and indeed, some of America’s most triumphant inventors, artists and entrepreneurs have most likely failed at some point in their lives. But without risk and the possibility of failure, there can be no Innovation and no success. That is precisely one of “Robert’s Rules of Innovation” imperatives: No Risk, No Innovation. (more…)

Innovation and the Necessity to Inspire

Sunday, October 24th, 2010

In order for organizations to successfully achieve Innovation – the lifeblood of any company – Robert’s Rules of Innovation gives ten imperatives to follow in order to attain sustainable growth. The ten imperatives begin with the first step that needs to be accomplished before any progress can be made, and that is to Inspire and Initiate. After all, every team needs inspiration to begin a New Product Development process that will drive them towards successful Innovation.

Inspiration for companies comes from the leaders, so it is the leader’s responsibility to initiate and drive the innovation program. For the program to be taken seriously and incorporated as part of the company’s culture itself, the CEO or designated leader must set a schedule of regular meetings. Regular, in-person meetings are the only way for team members to accept the serious non-wavering intentions, recognize the goals and deadlines of the project and ensure that the innovation program will not just fall off the map. It’s easy to instruct team members to be conscientious of Innovation, but new products will not come to fruition unless members feel a sense of accountability and urgency for the NPD process. (more…)

Observe & Measure for Continuous Improvement

Sunday, October 10th, 2010

Of the ten imperatives of Robert’s Rules of Innovation, this step is all about continuous improvement. It is necessary to Observe and Measure throughout the Innovation process, or else, how would you recognize successful Innovation? A system of metrics will objectively show your progress and success each step of the way. Plan. Do. Check. Act. It’s essential to follow a course of actions that produce ongoing improvement.

So first, gather initial observations and measurements at the beginning of the NPD process. It’s necessary to establish a baseline or starting point and measurable facts versus subjective assessments.

Secondly, to have an optimal measurements, one should establish leading and lagging indicators – leading to show where you are heading, and lagging to show you rearview mirror observations.

Examples of leading indicators can be patents filed, ideas created and in the hopper, as well as development time spent. Lagging indicators include patents granted, new products introduced and percentage of new product sales compared to total sales. (more…)

The Reward of Innovation

Sunday, September 5th, 2010

Innovation is ultimately about return on investment at the end of the New Product Development process. With the success of a new product launch, everyone benefits – from shareholders and company employees to the consumers. Innovation done well reaps market share gain, new products and new features. Essentially, everyone wins.

The last imperative of Robert’s Rules of Innovation is Net Results, Net Reward, meaning recognizing the people who contributed to the development of a new product. It’s important to reward actions with incentives for sustainable effort.
(more…)