As I continue to work with organizations, I am finding a trend in the type of questions my clients are asking about innovation, namely – how do we enable it in our day-to-day?
It’s often said, “Innovation starts with a new idea.” We beg to differ. To us, innovation has a breathing rhythm – an inhale and an exhale – and creative ideas are the beginning of the exhale. The question is, where did the air for the exhale come from? What precedes creative ideas?
I recently attended the “Open Innovation 2016” conference put on by the Marcus Evans group. Open innovation refers to people collaborating and partnering with others outside of their organization to cultivate innovative solutions to various opportunities and challenges, such as new product development, quality and marketing.
Risk taking is essential for the growth and success of any business. Without taking risks your organization can easily become outdated and left in a dwindling market.
I was having a conversation with some colleagues in Bangalore and one of them mentioned that he believed service organizations were not innovative. They seem to develop their services and then stick with them. Whereas product companies are much more innovative.