- See innovation as a competency: Innovation is a skill, not a gift. It can be learned by anyone and applied systematically. Innovative companies treat it as just another core skill by:
- Creating a well-defined set of innovation competencies and embedding them into every employee’s competency model along with other required behaviors such as ethics and leadership
- Conducting regular training courses in creativity methods and innovation management
- Staffing internal innovation experts and coaches who work with teams to help guide their innovation efforts and facilitate their success
- Not rewarding employees for innovation, but rather expecting it as part of the value system
- See innovation as a competitive weapon: Innovative companies use innovation to differentiate themselves by:
- Conducting regular idea generation workshops within business units
- Deploying innovation methods within planning and strategy initiatives
- Innovating from the core competencies of the firm as the starting point
- Using innovation methods as part of mergers and acquisitions to explore and analyze growth potential of the target
- See innovation as a process: Innovative companies don’t treat innovation as a special, unique activity. They see it instead as an ongoing "stream of effort" along with quality, leadership, productivity, and other imperatives. They do this by:
- Developing an idea management and tracking capability
- Conducting "clearinghouse" workshops to leverage innovation across business units
- Sourcing innovation consultants that are well matched to the specifi c task (eg: ideation)
- Linking innovation to other key processes including financial, commercial, and technical
- See innovation as both systematic and opportunistic: The most innovative companies fl ex between different styles of creating opportunity by:
- Sponsoring internal innovation "subversives" who work around the system to champion new ideas and drive them through execution
- Being "open" to ideas from outside sources to make nonobvious connections to internal projects
- Experimenting with new concepts - "making a little, selling a little, and learning a lot" - like P&G
- Collaborating with like-minded companies in non-competing industries to source new ideas and trends
~ "Innovation in Practice"
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