Innovation Management Systems Reduce Turnover Challenges
In December 2021,?Michael Schwekutsch left his position? as director of engineering of the Apple Special Projects Group to take a VP role at Archer, an electric air taxi startup. It’s believed that he was instrumental in forwarding Apple’s quest to develop self-driving cars.
By any measure, Schwekutsch’s departure is significant and it highlights how difficult it is to keep innovative product development moving forward when someone with so much expertise leaves an organization. It’s a problem many companies will need to solve in the foreseeable future.
The US has seen unprecedented employee turnover in recent months, with nearly 13 million people quitting their jobs between August and October 2021. In a?Washington Post article , economist Rucha Vankudre noted, “It’s really a workers’ economy. It’s a good time for people to be moving. Employees are really in charge for the first time in a long time.”
With no immediate end to the employee buyer’s market, companies need to find ways to advance innovation and new product development with as little disruption as possible. Those with?innovation management solutions and systems ?in place are better suited to address this emerging challenge.
Learn more about Innovation Management Systems by listening to this episode of Innovation+ Talks: 'The Need for Innovation Management Systems'
Without the right innovation management systems, information gaps emerge
When team members leave, they take their expertise with them. For companies without innovation management solutions and systems in place, a scramble for information follows. The remaining team members spend valuable time locating documents (written documents, reports, presentations, spreadsheets, design documents, sketches, lab notes, etc. – it can be a big list) containing the former employee’s thoughts, processes, decisions and new ideas. Because records can come in a wide range of formats from disparate internal sources, finding them can be quite a challenge. And a question that immediately follows is, are the things we have found up to date?
But even when located, legacy documents often lack a critical component: context. A standalone document may have a lot of insight, but there’s no frame of reference for the information. For example, is this information that we created during preliminary thinking or recent thinking? Instead of an organized, documented timeline of innovative insight, you’re left with a puzzle that will almost certainly contain missing pieces.
The impact on innovation and product development is three-fold:
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While this situation is difficult for existing team members, it’s even more challenging for new employees who don’t have all the necessary information required to hit the ground running and notch early successes. Much of their onboarding consists of seeking answers that should be readily available from their first day.
Creating a collaborative workflow centered on the innovation process
Having the appropriate innovation management system in place that captures information in context and time can alleviate many of the problems associated with a valued team member moving on and allowing their replacement to jump into existing innovation projects more efficiently.
Here are a few ways you can create company-wide visibility to the innovation process:
Consistent employee turnover will likely be the new normal for some time. Companies must keep up with this change by ensuring they implement the right innovation management solutions and systems. Doing so will empower every team member to access all the information they need to keep products moving forward.
See how The Hershey Company uses Sopheon’s Innovation Management System, Accolade, to capture and communicate new product portfolio information for seamless sharing across the organization. Read the case study now:
Sopheon delivers an innovation decision command center that gives companies complete visibility, smarter decision-making, and better time-to-value. Let’s discuss how we can help address your most pressing innovation challenges.?Connect with Sopheon
Visit our website ?for more information.
A critical topic for #innovation