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In: PROCESS

How does your company measure innovation? If your like many companies both big and small, it has been a challenge to measure anything but a change to top line revenue. As you formulate the processes that are part of your organizational innovation engine, consider the defining the following 4 items: A framework of capturing, reporting and making adjustments based on the key metrics related to innovation ROI related metrics evaluating all possible inputs associated with innovation Metrics related to capacity, ability and location of resources both internal and external. Process metrics such that a lean approach can be an outcome based on cycle time andRead More →

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In: BUSINESS, DEFINITION

  Most companies agree on a high level definition: “activity taken to create new products or product improvements”. I would add to this definition that “the activity is in line with core business objectives, achieved by utilizing a process, allows for flexibility in approach and results in a positive financial outcome”. More detailRead More →

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In: PROCESS, THEORY

The DOI theory developed by E.M. Rogers in 1962 is just as much applicable today as it was in the 60’s. Diffusion of Innovation is concerned with the manner in which a new technology or invention idea grows from from idea to product to use. There are 5  adopter categories shown in the bell curve above. Innovators – People who want to be the first to try the innovation. These people are very willing to take risks and like to try new ideas. Little needs to be done to appeal to this population. Early Adopters – Opinion leaders who embrace change opportunities. They do notRead More →

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In: STRATEGY

Having played some high school and college football at the first-hand experience of observing teams that work and teams that don’t. Every successful team needs a great coach and a great quarterback, these individuals typically are high performing, intelligent individuals able to motivate others. Motivating 11 people at a time, with various backgrounds, motivations and abilities is not easy. Factor in inclement weather, injury, fatigue and the psychological aspects of competing for 60 minutes and this presents a challenge. Corporate America is not unlike the football field, there’s a constant battle against the competition, team of similar size can be up against an adversary justRead More →