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Last updated on 2024年7月29日

You're navigating conflicting views on innovation pipelines. How do you determine what's truly feasible?

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Navigating through the myriad of opinions on innovation pipelines can be daunting. As you sift through conflicting views, the challenge is to discern the viable from the visionary. The goal is to strike a balance between ambition and practicality, ensuring that your innovation efforts are not just imaginative but also implementable. Understanding what's truly feasible requires a methodical approach, blending creativity with critical analysis. You must weigh potential against pragmatism, and this article aims to guide you through that process. It's about finding the sweet spot where groundbreaking ideas meet the reality of execution.

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Deepak (Deep) Khandelwal

Business Growth | CX | JTBD | Change Management (ADKAR) | Growth Strategy | Digital Transformation | Design Thinking |…

1 Assess Needs

Before diving into the innovation pool, it's essential to understand your starting point. Take a close look at your business's needs, market demands, and customer expectations. This assessment isn't just about identifying gaps; it's about recognizing where innovation can provide the most significant impact. By establishing a clear picture of your current state and desired future, you can better judge which innovations are worth pursuing. Remember, the most successful innovations often address the most pressing needs.

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Deepak (Deep) Khandelwal

Business Growth | CX | JTBD | Change Management (ADKAR) | Growth Strategy | Digital Transformation | Design Thinking | Agile | Lean Six Sigma | French Language | IIM Bangalore
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What's the jobs-to-be-done is needed here. What's our customer desire or what jobs they are hiring by using our product and services. Look for the underlying causes which are troubling them and look for a practical solution.

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2 Gather Data

Innovation thrives on information. You need a robust dataset to evaluate the feasibility of different innovation pathways. This data should encompass market trends, customer feedback, and competitive analysis . By grounding your decision-making in data, you reduce the risk of being swayed by opinions not backed by evidence. Data acts as a compass, guiding your innovation journey towards what's achievable and beneficial for your business.

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Maartje van Krieken

Triage & Master Business Chaos I Host The Business Emergency Room Podcast I Published SPEAKer I Exclusive Energetic Executive Consultant I Leveraging 20+ years Managing Chaos and Change Internationally I
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The top tool to bring disagreements back to valuable debates allowing diverse opinions to influence decision making is by aiming to quantify the various options. Quantifying Cost, Timelines, Risk Profiles, Opportunities etc in as much a possible 'like for like manner' (using the same assumptions) will lead to lots of valuable discussions allowing all to contribute from their experience and 'line of sight'. This ensures the selected option is the best possible one based on what you know today. Or maybe you have two quite comparable options, in which case those holding the purse strings decide. In that case it will be easier to accept as everyone will know that the alternative not selected was a good option / idea, just not the preferred.

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3 Brainstorm Widely

When considering innovation, cast a wide net. Encourage brainstorming sessions that welcome diverse perspectives and challenge the status quo. This diversity in thought can unearth hidden gems that might otherwise be overlooked if only conventional wisdom is considered. However, remain aware that not all ideas generated will be feasible. The key is to foster an environment where creativity is balanced with critical thinking.

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Deepak (Deep) Khandelwal

Business Growth | CX | JTBD | Change Management (ADKAR) | Growth Strategy | Digital Transformation | Design Thinking | Agile | Lean Six Sigma | French Language | IIM Bangalore
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Don't fix, solve. Don't just get influenced by solving a problem immediately. Take a step backward and analyze the problem thoroughly and define the problem first. Most of the time we solve the problem without even defining it and we regret it. For eg, I often see technical teams implement chatbot solutions and later on find out clients are not using chatbot as a self serve tool and using old ways of communication.

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4 Analyze Risks

Risk analysis is a critical step in determining the feasibility of an innovation. You must evaluate the potential downsides and obstacles that could arise. This analysis includes financial risks, market acceptance, and operational challenges. By anticipating these risks early on, you can make informed decisions about which innovations are likely to succeed and which may be too risky to pursue.

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S K Ahmed Raza

"Strategic MBA in International Management | Healthcare & Pharma | Medical Devices | Market Research Expert | Driving Global Growth & Innovation"
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Analyze Risks to navigate conflicting innovation pipeline views. Identify potential challenges, obstacles, and negative outcomes for each idea. Use SWOT analysis to assess Strengths, Weaknesses, Opportunities, and Threats. Prioritize projects with high potential, minimal risk, and effective mitigation strategies. A balanced approach considering challenges alongside optimism is key for successful innovation.

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5 Test Early

Once you've identified promising innovations, it's time to put them to the test. Develop prototypes or pilot programs to gather real-world feedback. This hands-on approach allows you to evaluate the practical aspects of your innovation, such as usability, scalability, and integration with existing systems. Early testing can save considerable time and resources by highlighting any major issues before full-scale development begins.

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6 Iterate Quickly

Innovation is rarely a straight path. Be prepared to iterate quickly based on the feedback and results from your testing phase. This means refining your ideas, adjusting plans, and possibly pivoting to new directions. The ability to adapt is essential in determining what's feasible, as it allows you to evolve your innovations in response to practical challenges and opportunities.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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You're navigating conflicting views on innovation pipelines. How do you determine what's truly feasible?

1

2

3

4

5

6

7

1 Assess Needs

2 Gather Data

3 Brainstorm Widely

4 Analyze Risks

5 Test Early

6 Iterate Quickly

7 Here’s what else to consider

Business Innovation

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You're navigating conflicting views on innovation pipelines. How do you determine what's truly feasible?

1

2

3

4

5

6

7

1 Assess Needs

2 Gather Data

3 Brainstorm Widely

4 Analyze Risks

5 Test Early

6 Iterate Quickly

7 Here’s what else to consider

Business Innovation

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