This article was originally published by B&T Magazine
By Zoe Aitken
July 21, 2020
Innovation can be defined as ’change that adds value’. And without the ability to change and adapt quickly, across all areas of a business, survival is unlikely.
The most successful organisations, that have a proven track-record of innovation, have fostered an innovation mindset across their entire business. They use it to both support BAU as well as new growth initiatives. In these organisations, innovation is not viewed as a separate function or just about New Product Development (NPD), but rather is seen as a tool that anyone in the business can draw on to solve day-to-day challenges. Whether that be in areas such as HR, Supply-chain, Manufacturing or even Finance.
Only when innovation becomes an organisation-wide mindset, can its true impact be realised. Employees across the entire business need to feel empowered and equipped to identify opportunities and make value-creating changes. Particularly in the current environment, when all aspects of a business are needing to adapt, this is absolutely critical.
So, where do you start in building an organisation-wide approach to innovation? It’s definitely a journey, however, here are three critical first steps that you can take:
- Start with your business leaders. Innovation must be supported from the top, so take the time to educate and align your leaders on the what, why and how of innovation within your organisation. Your leaders must feel a sense of ownership over innovation so that they can empower their teams to innovate.
Be sure to involve leaders across all areas of the business so that you’re sending the right message from the start; that innovation is relevant to everyone, regardless of function.
- Second, if you don’t already have one, set up a consistent and known approach to innovation across your organisation. Embedding an organisation-wide innovation process (i.e. not just a process for NPD) ensures that innovation becomes both repeatable and sustainable. And that everyone in the business knows what to do if they have a value-creating idea.
Think about and outline the key steps involved in your innovation process from opportunity identification right through to implementation. For each stage communicate the parameters, key roles and responsibilities and decision-making criteria.
- Finally, build the team’s innovation capabilities. It’s hard to expect people to innovate if they don’t have the right skills to do so. Invest in training up a cross-functional group of people in innovation tools and techniques so that they can champion and facilitate innovation across the business.
Specifically, build team capabilities around how to identify innovation opportunities, creativity and idea generation, as well as experimentation.
Whatever you do, don’t fall into the trap of thinking that innovation is optional right now. Investing in innovation will not only ensure that you survive the current tumultuous times, but that you are able to identify the big opportunities that will catapult your business out the other side.