Misconceptions About Culture

Dharmesh Shah, co-founder and CTO at HubSpot, lists some of the most common excuses early-stage companies give when asked why conscious effort isn’t put into developing culture. Entrepreneurs often point to office parties and perks, or the supposed importance of their mission as their startup’s culture. They also claim culture grows organically, or that they just don’t have time, Shah says.

Read full article about Misconceptions about Culture visit Innovation Management.

Also read our latest articles on Various topics based on Innovation along with our Online Learning Innovation Programs.

 

Advertisements

Making Work Fun to Improve Culture and Engagement

For HR and business managers, it can be challenging to create a productive workplace where employees are motivated to be engaged. It may be time to make work fun again with a variety of practices and tools that are implemented. To transform the environment of your workplace and create a positive environment. Here are a few simple changes that can benefit the business.

Schedule outings

Allow your employees to get a break from their cubicle by scheduling outings throughout the month, which can include hosting a movie night at a local theater or taking time to visit the zoo together on the weekend. This will allow them to avoid burnout and get to know one another in a new setting.

You can also schedule sports competitions that allow the staff to compete against one another over a game of baseball, basketball, and soccer. This can offer a greater sense of unity within the company and allow everyone to develop trust and transparency with one another.

Makeover the office

It’s easy for employees to have a lack of motivation when they’re surrounded by white walls and a lack of decor for several hours a day.

Send out a newsletter

Give your staff an interesting piece of reading material during the week by sending out a letter. This can provide fun facts about the company, highlight certain employees, and even provide fun activities to enjoy during the season.

Read more about Making Work Fun to Improve Culture and Engagement visit Innovation Management.

Also visit our various programs of Online Learning Innovation Programs and also get updated with our latest Articles.

 

How Innovation and Authenticity Complement Each Other in a Corporate Environment

Authenticity and innovation are two of today’s biggest corporate buzzwords. They are often considered as separate values, but in reality they have much in common and in this article we will examine the areas of overlap and potential leverage benefits.

Neither of these terms have the same definition from company to company, or even amongst individuals. For the purpose of this article we will use the following definitions:

  • Innovation is the process of translating an idea or invention into a good or service that creates value or for which customers will pay. (reference BusinessDictionary.com).
  • Authenticity is the quality of being real or true, and is best understood as a social construction that has been put into place to achieve a particular aim. (Cambridge Dictionary online and Library Trends (Vol.56, No. 1)

With that out of the way, let’s examine ways in which authenticity leverages and supports innovation, and vice-versa. Some examples include:

1. Authenticity and Design Thinking

Without an authentic approach it is difficult to identify those key pain points that drive the development of truly innovative ideas.

These days’ innovation within a corporate setting is synonymous with Design Thinking (DT) approaches. The fact is that DT requires a genuine understanding and appreciation of not only what is possible, but what is most beneficial from a client / end user perspective.

2. Roles in innovation

People often think that being innovative is a singular focus on coming up with the lightbulb idea that will change everything. Unfortunately, it’s not that easy. The reality is that innovation requires a range of skills and abilities, and few people possess all aspects (Suzan Briganti at Totem writes about this). Accordingly, it is important for innovators to recognize their true, specific skills in the context of identifying, selecting and executing new ideas.

Read full article about How Innovation and Authenticity Complement Each Other in a Corporate Environment visit Innovation Management.

Also visit our various programs of Online Learning Innovation Programs and also get updated with our latest Articles.

Customer Research and Consumer Delight

Unmet consumer needs are considered the holy grail of product and service innovation: a mystical, sacred entity with unlimited value and powers for those that know how to tap into it. It would seem that with present day digitalization and social media, it is easier to connect to users everywhere through online surveys, platforms, and data mining technology. Moving from a mass-producing economy to one based on individually tailored products suggests that the gap between consumer needs and producer response are closely aligned. Yet the mystique surrounding unmet user needs remains.

This article is part of the THNK VIEWS series. We bridge theory and practice on organizing imagination and innovation by extracting key implications and offering new insights to innovation practitioners. This article builds on Philippe Duverger’s research Variety is the Spice of Innovation: Mediating Factors in the Service Idea Generation Process.

Duverger’s key findings suggest that:

  • Consumers seeking variety are most likely to have the most innovative ideas, but will also switch services easily.
  • When combined with enough technical knowledge and resources, these users will be able to create the products and services that will satisfy their unmet needs.
  • To secure future business prosperity, greater attention should be given to finding new ways to appeal to these users, and find their unmet consumer needs.

Read full article about Customer Research and Consumer Delight visit Innovation Management.

Also visit our various programs of Online Learning Innovation Programs and also get updated with our latest Articles.

 

How Innovation Develops Among Individuals in Niche Social Networks

In the current digital arena, social networks have touched the lives of almost every human being on earth, allowing us to share life’s novelties with friends and loved ones. However, social networks are not restricted to sharing and commenting on pictures, but giving rise to innovation among individuals to help make our world a better place.

Social networks in the form of crowdfunding sites allow individuals to give wings to their innovative ideas for a new startup. Many online communities have also been set up to find innovative solutions for existing challenges such as: global warming, energy consumption, agriculture, space science, etc.

What kind of social networks are driving innovation?

  • Online project management tools from tech ventures such as FindNerd provide an android developer forumwhere tech people ideate and resolve queries as quickly as possible
  • Someone with a brilliant, innovative idea for a new mobile or web app can learn app development through social networks

Here is not the End.To Read Full article about How Innovation Develops Among Individuals in Niche Social Networks visit Innovation Management.

Also read our latest articles on Various topics based on Innovation along with our Online Learning Innovation Programs.

 

The Best Tools to Derisk Innovation

At the start of the twenty first century the innovation buzz has become deafening. It commands the attention of everything – from the popular media to scientific journals. Innovation is claimed to be the driver of economies and the competitive edge of companies. With innovation being the core of many new management styles, one question still remains for the enthusiastic manager; what are the concrete tools for my employees to build our revolutionary innovations?

At the core of any innovation management technique is a risk management philosophy to lower risks along the development and implementation chain. Whether it is focused on minimizing waste via Lean Thinking, correctly addressing consumer needs via Design Led-Thinking or hedging bets via Equity Style Management, the focus is always on how do we reduce the risk inherent in being innovative? Risk and innovation are inseparable. You cannot have one without the other.

 

“4% of innovation initiatives achieve their internally defined success criteria.”

 

The tools to achieve these goals nowadays are focused around a few enabling principles. They are mostly about connecting the right people to the right problems. And doing this in the simplest and most frictionless way possible. We are seeing this with Crowdsourcing, Crowdfunding, Open Innovation (both ingoing and outgoing), Open Access, Open Source, and many more.

 

For more about The Best Tools to Derisk Innovation visit Innovation Management.

 

Also visit our various programs of Online Learning Innovation Programs and also get updated with our latest Articles.

5 Ways to Create a Successful Innovation Program

ways-to-create-successful-innovation-program

You’ve heard it a thousand times: companies need to innovate in order to survive. The Googles and the Apples of the world are doing it- Google famously used to require employees to dedicate 20% of their time to innovation. But what exactly does it take to create a sustainable innovation program, especially if you are in an industry that is traditionally risk averse?

As the global workforce is inundated with young, tech-savvy professionals, corporations must embrace the reality that, whether they like it or not, the world has gone social. People are leveraging crowdsourcing for personal forms of communication and entertainment, and crowdsourcing has found a place in the enterprise too.

See full Article about 5 Ways to Create a Successful Innovation Program at Innovation Management.

Also visit our various programs of Online Learning Innovation Programs and also get updated with our latest Articles.

A Compelling Value Proposition: The Missing Tool in Your Lean Startup Kit

Eric Reis first introduced the concept of Lean Startup in 2008. Today Lean Startup is deployed far beyond entrepreneurial circles and is taking root in large, complex organizations looking to improve their new product success rates – and in the process build lean cultures. This is very good news. Too often the processes corporations use in pursuit of innovation can actually erode their capability to innovate. Still, when applying the principles of “Build – Measure – Learn” to initiating Lean practices in corporations, there is room for improvement…and possibly even for a pivot.

 

CVP before MVP

Corporations do not operate with the freedom of a startup, and navigating the internal learning and approval cycles can be even more challenging than effectively engaging customers. Before an intrapreneur starts coding, fabricating, etc. to test his/her new concept as a Minimum Viable Product (MVP) in the market, approvals and sponsorship from management is required. So rather than building an MVP, I recommend that these intrapreneurs start with a CVP (Compelling Value Proposition). Innovators need a way to not only get smart fast about what their target customers want, but also about what management wants and will support. An effective bridge for crossing the internal chasm between a potentially brilliant idea and the approval to build a minimum viable product is essential.

Getting smart fast

 

  • Start the process by sharing your initial thoughts with a few trusted colleagues.
  • Once you’ve considered the comments of these initial exchanges carefully, and you find the idea still has significant value, widen your circle of support by talking to experts and key stakeholders. Build a mock-up.

 

Here is not the end.. To view full article about A Compelling Value Proposition: The Missing Tool in Your Lean Startup Kit visit Innovation Management.

Also visit our various programs of Online Learning Innovation Programs and also get updated with our latest Articles.