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It’s not uncommon for those who are less vocal or visible to remain in the background when there are more vocal extroverts in the organization. As today’s business world becomes more data driven and teams dispersed around the world where communicating virtually is more common, the introvert is playing and will play a much larger role in a company’s success. http://www.inc.com/geoffrey-james/introverts-will-soon-rule-the-business-world.html As you formally or informally create an innovation team goes without saying that you need to take personalities into account. As more and more research is showing the value of introverts in terms of innovation and success, the team consistency should be adjusted toRead More →

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In: PROCESS, STRATEGY, TEAM

Back in 2013 this article hit home and it looks like we are still in a similar place. Simply soliciting ideas is not a game changer. Investing in a platform or system or just forming an innovation team is not the answer. Everyone’s got ideas, it just comes down to whether they’re tied to corporate objectives, have a likelihood for success, can be measured, The correct culture is in place and the investment is truly understood. My position on innovation, which is not unique, is that innovation is achieved only after an impact is made regardless of whether it is big or small (big I vsRead More →

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You don’t need to be a rocket scientist to crowdsource, but it doesn’t hurt.   Crowdsourcing is the process of obtaining needed services, ideas, or content by soliciting contributions from a large group of people, and especially from an online community, rather than from traditional employees or suppliers.[1] NASA is using Crowdsourcing for Open Innovation Contracts.   NASA is turning to the public and crowdsourcing for outside-the-box thinking about human space exploration challenges with a series of 10 new NASA Open Innovation Service (NOIS) Contracts. http://www.nasa.gov/press-release/nasa-uses-crowdsourcing-for-open-innovation-contracts/ [1] “Crowdsourcing – Definition and More”. Merriam-Webster.com. August 31, 2012. Retrieved 2014-02-03.Read More →

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In: BUSINESS, DEFINITION, TEAM

Having the desire and objective to innovate from a management perspective is of little value without the process and diverse team in place to apply creativity, business understanding of a particular issue and relevant solutions. Forming the team is a crucial step in not only increasing the likelihood of success but also the speed at which you yield results. When considering the individuals to collaborate on a particular objective, carefully consider the following qualities: Knowledge of the underlying business (in general) Knowledge of the objective or problem trying to address Motivators (Financial, Fame, Desire to win, Personal connection to objective) Business Relationships that can beRead More →