Is it time to stop calling it INNOVATION?
Innovation is a buzzword that seems to go in and out of fashion.
Right now it is the mantra of many brands.
There are countless conferences, blogs, articles, awards and hack-a-thons dedicated to innovation.
Many companies have set up innovation teams or labs to encourage their employees to come up with ideas or to build and test concepts in-house. And the big end of town brands -- think Apple v Samsung v Google v Huawei -- continue to jockey for the coveted innovation title.
I can continue to glorify innovation, or I can try and move it from buzzword to a culture ingrained within the organisations.
To do this it needs to be demystified, talked about in simple terms, in ways that are not only understandable but demonstrable, and most importantly encouraged within the day-to-day way or working.
So the question I pose here is a simple one, and so often asked, “what is innovation?”
I encourage you to read no further, but post your answer below in the comments, then come back and compare to the following…
A quick Google search will uncover a plethora of definitions, from economists to authors, bloggers, CEOs, CIOs, CTOs to Consultants. You will also find endless variations of the word. Here are six commonly used definitions:
- Front-end innovation, I have been a long standing member of this LinkedIn Group. It’s been defined as the process of making sense of insights to identify needs and opportunities that will then lead to the creation of ideas, concepts and prototypes - some of them being developed further to constitute the final innovation.
- You might have also heard about efficiency innovation, which is about creating a process that increases efficiency for both the consumer and the company (think about Amazon’s distribution process – and no not drones!).
- Disruptive innovation currently one of the top-trending over used buzz-phrases at the moment. This is the notion that creating something completely new will radically change (or disrupt) the environment in which it operates. This is the type of innovation that many believe can revamp an entire market or category - that could change the way people interact with a product, service or brand - that could influence behaviours and inspire trends, but that could also change the way a company operates. Disruptive innovation does not always meet a need, but sometimes creates one (anyone out there remember photographic film?)
- Breakthrough innovation brings a new value proposition to the market and is a bold move made by a brand that wants to break away from the status quo. It usually appears to be the one and ideal solution to an existing need or problem in the market.
- Core innovation is about introducing change to something that already exists and that the brand decides to capitalise on. It is an innovation that will sit at the heart of the business offering and will either bring improvements to an existing product or service, or attract new users.
- Then there is sustained innovation, which refers to a brand’s real commitment to change. This requires a strong and relevant culture, as well as employees who are actively involved in the creation, sharing and development of ideas within the company.
To me, innovation encapsulates all of the above definitions and so much more. Some talk about innovation in terms of requirements (front end process, sustained approach and core strengths), others in terms of output (disruption, breakthrough, transformation). I find within my clients, I talk less about innovation and more about business solutions:
Deeply understanding the business problem clients face, and then applying properly practiced creativity, a little rule breaking, and collaboration, to delivery solutions that solve the problem, have a positive impact on the brand and drives real growth.
Organisations should think less about putting a label on their innovation, and focus on delivering brilliant solutions to meet their clients’ problems.
I strongly associate innovation with collaboration involving a wide range of stakeholders, creative thinkers and technologists. The most successful collaborations bring together a wide and diverse range of people - from, clients, consumers or the users-audience, industry experts and even trend-spotters - to make sure the final solution is not just an idea for an ideas-sake, but is deeply rooted in consumer needs. Ultimately delivering growth for the company.
Innovation should be fun, open, genuine, sometimes small. It needs open minds and collaboration.
It definitely does not need a label.
The most important thing is that organisations recognise the need for it and then experiment with the boundaries and what they feel comfortable with.
The "right people" can play a big role in bringing fresh, creative, new perspectives building real growth not just awareness.
Just say YES to innovation.
I promise you you’ll get to a better place.
Co-Founder @ Mindbulb | Innovation Strategist, Technology, Digital Transformation, Fintech Expert
8 个月Should we move beyond just calling it "innovation"? It's about embedding creativity and problem-solving deep into a company's DNA, making it more than a buzzword. True innovation isn't just about the next big disruptor; it's about consistently applying creative thinking to solve real business challenges. This approach requires collaboration across all levels and disciplines, focusing on understanding customer needs and delivering solutions that drive growth. It's a mindset shift from chasing trends to fostering an environment where experimentation and learning are valued. How do you cultivate this culture of continuous innovation in your organization?
Strategic Market Researcher, Visionary Problem Solver, Innovative Business Builder
4 年Implementing a new solution for a positive impact
Program Manager - driving sustainable digital transformation and innovations
4 年Innovation is a change that impacts on usual UX and brings new possibilities and more value, or even new value for users
Sales Management/Territory Management/Key Account Management
4 年Lovely thought
LinkedIn Strategist & Marketing Coach?? | Founder & CEO at KaizIn | Transforming Profiles into Profits | Certified NLP Master Trainer ??
4 年It is true that the word is used too often... But just as you say, it describes the versatility and openness of a company. That's why it is also included in the name of my company????