Featured Article
Why invest time exploring the topic of innovation?
Our
leadership group at the Innovation Café has spent three years studying
how innovation is used and diffused in various industries around the world.
We learned early on that the hospital industry had no track record in
developing innovation as a core competency for staff members. This lead
us to non-health care companies as we continued to explore. After in-depth
meetings with experts at companies such as Motorola, 3M, Dupont, Whirlpool,
Microsoft and many others, we learned that building a workforce that is
inspired by the projects they’re working on and a workforce that
is experienced at developing new ways to solve problems is one of the
most powerful ways to be ready for any business challenges that come your
way… and ultimately to sustain a vital, successful organization.
Although our original focus was on how this topic could impact the health
care industry, the principles and tools we’ve identified apply to
almost any business.
There
are two key advantages to having an innovative-thinking team:
1-
Ability to reduce risk
The development of new programs or products carries a certain amount of
time, energy and funding risks. The use of R&D/innovation
tools such as rapid prototyping, deep dives, etc., allows opportunity
for mistakes to be made early and at less expensive stages. Organizations
that pay direct attention to reducing risk will have the ability to manage
resources better and improve the chances for new business success.
2- Ability to differentiate
Most American businesses have been through the quality improvement skill
building as well as the service improvement efforts that have had great
impact on the ability to meet and exceed customer needs. These are crucial
values needed for a successful operation. Quality and Service focus is
about continually getting better at what you do. We feel there is a third
equally important value and that is being different with what you do.
Commoditization is a danger for many companies and a cure for this is
having a workforce that has the ability to identify ways to differentiate
your business from others. An organization that values innovation and
offers staff the tools to work on innovative projects will be much better
prepared to differentiate.
p |