The Cycle of Innovation...

"Strength and growth come only through continuous effort and struggle" - Napoleon Hill

I am still amazed at the number of anecdotes about organizations looking for a "quick fix" to their business growth woes.  I know I shouldn't be surprised...you won't believe the number of prospective clients I have that contact me looking for a "one-time shot" at getting something new out in the marketplace. 

Too many business leaders have become incredibly short-sighted.  Wall Street doesn't help the matter with the "what have you done for me this quarter" view of the world.  And cost cutting/containment will only take you so far when looking to affect the bottom line over the long term.  Eventually you need growth.  Growth comes from sales.  Sales come from offering something that someone wants to buy.

Sure, you can develop a one-time only process that develops a new product or service.  You can ride that new product or service until your competition comes up with something better.  You can hope that customer needs and wants don't change faster than you can develop each new product.  You can even choose to simply react to shifting market trends or competitor threats.  You can be what's known as a "fast follower."

What a waste of opportunity!  Organizations who follow best practices are just that...followers.  On the other hand, organizations who create next practices are the leaders that others follow.  They don't just develop "one off" products or services...they develop a string of products and services tailored to meet evolving customer needs.  They don't react...they anticipate!  They don't plan for the future...they create the future!

So how do you become an organization that seeks to be innovative on a continuous basis?  What are the steps that keep a constant flow of ideas entering the product development funnel, while also making sure that the best ideas survive to see the light of day at the other end?  What are the key capabilities, processes and people that feed this continuous loop of innovation?

Over the span of the next few weeks, we will explore the Think For A Change, LLC. Continuous Innovation Model:


         

As described above, the Think For A Change, LLC. Continuous Innovation Model focuses on the key people and processes that build a perpetual and self-sustaining innovation mindset and capability within your organization.  For this blog entry, I simply wanted to introduce the model in its entirety.  Next time, we will explore the first stage of the model, "Assessment."

 del.icio.us  Stumbleupon  Technorati  Digg 

 

What did you think of this article?




Trackbacks
  • Trackbacks are closed for this entry.
Comments
  • No comments exist for this entry.
Leave a comment

Submitted comments will be subject to moderation before being displayed.

 Enter the above security code (required)

 Name

 Email (will not be published)

 Website

Your comment is 0 characters limited to 3000 characters.