Supercharge Your Innovation

In our fast-paced world, innovation is the lifeblood that keeps organizations competitive and relevant. However, fostering a culture of innovation and refining the processes that drive it isn’t easy.? It all starts with being open to change which may sound easy to you. Often the more challenging part is helping our teams be open to change, but that’ll be next week’s blog.? Today I’ve got some expert strategies to help you improve your innovation process to help ensure your organization doesn’t become obsolete.

1. Cultivate an Innovative Culture:

Innovation starts with culture. Creating an environment that encourages creativity and risk-taking is essential. Leadership expert Peter Drucker famously said, “Culture eats strategy for breakfast.” This means that no matter how brilliant your strategy, it will falter without the right culture. Encourage open communication, reward innovative thinking, and provide a safe space for employees to share and experiment with new ideas.

Here are a few examples I'm currently investing in the public media organization I lead.? We’re creating our own local app to have a better user experience than one that is currently available.? We’ve contracted with a third party to explore new ways of digital fundraising and we’ve purchased an AI based software to increase relationships with major donors to grow revenue.? These are all calculated risks that I believe will help us get to the next level.

2. Embrace Diverse Perspectives:

Diverse teams are more innovative. According to a study by McKinsey & Company, organizations with diverse leadership teams are 33% more likely to outperform their peers in terms of profitability. Encourage collaboration across different departments and invite external perspectives to infuse fresh ideas. That’s why I love attending conferences, watching webinars and reading new books.? This diversity can spark creativity and lead to more innovative solutions.

3. Foster Continuous Learning:

Innovation thrives in environments where continuous learning is prioritized. Offer regular training sessions, workshops, and opportunities for professional development. As someone who teaches those courses I get to see the benefits on both sides.? I feel like I can hear you saying, “but my organization doesn’t have time to invest in professional development.” My answer to you is, you can’t grow your organization without growing your people.? I give my team 30 minutes out of every work day to read or watch something new.? Growth is an everyday part of our culture.

Encourage your team to stay abreast of industry trends, emerging technologies, and best practices. Harvard Business Review highlights that organizations that invest in employee learning are better positioned to innovate.

4. Implement Agile Methodologies:

Agile methodologies, which emphasize iterative development and flexibility, can significantly enhance your innovation process. According to the Agile Alliance, adopting agile practices allows teams to respond quickly to changes, collaborate more effectively, and deliver value faster. Incorporate sprints, daily stand-ups, and retrospective meetings to keep innovation projects on track and adaptable.? Sometimes it just takes companies too long to get a new initiative started or to end one that’s not working.? I’ll often try new things on a quarterly basis.? Three months usually gives me the time to see if it’s working or not.? Then, based on the results I can pivot.? This way I don’t waste a lot of time or money on something that’s not working.

5. Establish Clear Innovation Goals:

Setting clear, measurable goals for innovation helps focus efforts and track progress. SMART goals (Specific, Measurable, Achievable, Relevant, Time-bound) provide a framework for defining and achieving innovation objectives. This clarity ensures that all team members understand the desired outcomes and can align their efforts accordingly.

I admit that reads like it’s super simple but you likely know it’s not. Where people are involved, challenges arise. The best part of leadership is people and the worst part of leadership can sometimes be people.? Don’t get me wrong, I love people but these days it’s become more challenging to keep everyone moving in the same direction.? There needs to be one leader casting the vision and keeping folks focused.? People often want to go down their own paths and when they’re not aligned with the strategic direction, problems and chaos arise.

6. Leverage Technology and Tools:

Utilize technology and innovation tools to streamline your process. Project management software, idea management platforms, and collaboration tools can facilitate the flow of information and enhance team productivity. Gartner is the world’s leading information technology, research and advisory company.? According to Gartner, organizations that leverage digital tools for innovation see a 30% increase in efficiency and effectiveness. That’s what I’m looking to create in my organization and it’s safe to say that’s what every organization needs.

7. Encourage Experimentation and Risk-Taking:

Ok, I think this is the hardest one for me to do and teach others. Innovation often involves taking risks and learning from failures. Encourage your team to experiment with new ideas and approaches without the fear of repercussions. However, people are TERRIFIED of that dirty F-word Failure.? Celebrate successes and analyze failures to extract valuable lessons. This mindset shift can lead to breakthrough innovations and continuous improvement.? I call that having a growth mindset.

8. Involve Customers in the Process:

Customer feedback is a goldmine for innovation. Engage with your customers to understand their needs, pain points, and preferences. Use this information to inform your innovation efforts. According to MIT Sloan Management Review, companies that involve customers in their innovation process are more likely to develop products and services that meet market demands. In the first bullet point above I mentioned some things my organization is investing in and they all came from our customers' pain points.

9. Create Cross-Functional Teams:

Forming cross-functional teams can lead to more holistic and innovative solutions. These teams bring together diverse skills and perspectives, fostering collaboration and creativity. According to a report by Deloitte, organizations with cross-functional teams are 1.9 times more likely to be innovative leaders in their industry.

10. Measure and Refine:

Finally, measure the impact of your innovation efforts and refine your processes. Use key performance indicators (KPIs) to assess the success of innovation projects. I love making data informed decisions.? Regularly review and adjust your strategies to ensure continuous improvement and sustained innovation.

Improving your innovation process is an ongoing journey that requires commitment, flexibility, and a willingness to embrace change. Remember, innovation is not a one-time event but a continuous process of learning, experimenting, and evolving. Embrace these strategies and watch your organization thrive in our ever-changing world.