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How can you learn from innovation leaders without copying their strategies?

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Innovation is not a one-size-fits-all process. Different industries, markets, and customers require different approaches to create value and solve problems. However, that does not mean you cannot learn from the success stories of innovation leaders in your field or beyond. In fact, studying how they innovate can help you develop your own unique and effective strategies. Here are some tips on how to learn from innovation leaders without copying their strategies.

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Clay W.

Corporate Innovation Strategist | Technology Innovation & Commercialization | Corporate-Startup Partnership | Emerging…
Stephen Parkins

Systematic Innovation & International Expansion ?? Renewable Energy Investments???? I help the ambitious grow into…
Nesmar Canada

Experienced Medical Administration | Human Resource Development Management | Certified Administrative Professional |…

1 Identify the core principles

The first step is to identify the core principles that guide the innovation leaders you admire. These are the fundamental beliefs, values, and goals that shape their vision and culture. For example, some common principles of innovation leaders are customer-centricity, experimentation, collaboration, and agility. By understanding these principles, you can learn how they influence their decisions, actions, and outcomes.

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Nesmar Canada

Experienced Medical Administration | Human Resource Development Management | Certified Administrative Professional | Healthcare & Telecommunication Specialist | GCC International Experience | NOC13112 ????
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Study innovation leaders to understand principles, adapt their mindset, and extract underlying concepts. Tailor these insights to your unique context, allowing for the application of original strategies inspired by, but not directly copied from, innovation leaders.

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2 Analyze the methods and tools

The next step is to analyze the methods and tools that the innovation leaders use to implement their principles. These are the specific processes, frameworks, techniques, and technologies that they employ to generate, test, and execute their ideas. For example, some common methods and tools of innovation leaders are design thinking, lean startup, agile development, and open innovation. By analyzing these methods and tools, you can learn how they enable them to solve problems, create value, and adapt to change.

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Clay W.

Corporate Innovation Strategist | Technology Innovation & Commercialization | Corporate-Startup Partnership | Emerging Technology | Ideation Facilitation | Design Thinking
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One of my favorite methods is from IDEO's design thinking methodologies. Many years ago, I attempted to utilize the process and framework from IDEO and got good results. Then years later (now), instead of following the process and framework, it's important to understand the why (belief and values) of such methodologies. Then I realized that the most important part is the mindset of ensuring that the customer's problems/challenges are the important crucial pieces instead of jumping to the conclusion of what's the best solution. All in all, follow the values/beliefs first then try out the frameworks and processes.

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3 Evaluate the results and impact

The final step is to evaluate the results and impact that the innovation leaders achieve with their principles, methods, and tools. These are the measurable outcomes, benefits, and challenges that they experience as a result of their innovation efforts. For example, some common results and impact of innovation leaders are customer satisfaction, market share, revenue growth, social good, and competitive advantage. By evaluating these results and impact, you can learn how they measure their success, overcome their obstacles, and improve their performance.

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4 Apply the learning to your context

The last tip is to apply the learning from the previous steps to your own context. This means adapting the principles, methods, tools, results, and impact of the innovation leaders to suit your industry, market, customer, and goals. For example, you can use the same principles but with different methods and tools, or you can use the same methods and tools but with different results and impact. The key is to find the best fit for your situation and avoid blindly copying what works for others.

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Stephen Parkins

Systematic Innovation & International Expansion ?? Renewable Energy Investments???? I help the ambitious grow into industry leaders | 3x Founder | Former Trader
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One of the best frameworks I've found for delivering impact through innovation is OKRs (Objectives & Key Results). This framework was made popular by Google, but it can apply to companies of all sizes and verticals. In a field where lack of focus and distraction can easily derail progress, OKRs are the most simple way for us to create alignment around measurable goals.

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5 Experiment and iterate

The final tip is to experiment and iterate with your own innovation strategies. This means testing your assumptions, validating your ideas, and learning from your feedback. For example, you can use prototyping, piloting, or launching to see how your customers respond to your solutions, or you can use surveys, interviews, or analytics to collect their opinions and data. The key is to use the learning from the innovation leaders as a starting point, not an endpoint, and to continuously improve your own innovation capabilities.

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6 Learn from innovation leaders without copying their strategies

Learning from innovation leaders without copying their strategies is a smart way to develop your own innovation edge. By identifying their core principles, analyzing their methods and tools, evaluating their results and impact, applying the learning to your context, and experimenting and iterating with your own strategies, you can create value and solve problems in your own unique and effective way. How do you learn from innovation leaders without copying their strategies? Share your tips and experiences with us.

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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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How can you learn from innovation leaders without copying their strategies?

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1 Identify the core principles

2 Analyze the methods and tools

3 Evaluate the results and impact

4 Apply the learning to your context

5 Experiment and iterate

6 Learn from innovation leaders without copying their strategies

7 Here’s what else to consider

Business Innovation

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How can you learn from innovation leaders without copying their strategies?

1

2

3

4

5

6

7

1 Identify the core principles

2 Analyze the methods and tools

3 Evaluate the results and impact

4 Apply the learning to your context

5 Experiment and iterate

6 Learn from innovation leaders without copying their strategies

7 Here’s what else to consider

Business Innovation

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