Silos and Innovation - Break Down or Work Around?

“How do you break down internal silos in order to improve at innovation? Open innovation – or any kind of innovation – suffers with silos. What are your insights and experiences on this issue?”I posted these questions in the 15inno by Stefan Lindegaard group on LinkedIn about a month ago. We got 28 comments with lots of great advice. (Click on Discussions in the group if you want to read this). I have been looking through these comments a couple of times as I wanted to write a blog posts with an excerpt on this.This has not yet happened and one reason is that I have begun thinking differently about silos and their impact on innovation.Perhaps we do not have to break down silos to drive more innovation. Perhaps we should just accept the silos and work around the issues they can create on innovation. Perhaps open innovation will change … Continue reading

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Why Crowdsourcing Often Fails

And what you may not know about crowdsourcingby Idris MooteeInnovation is hard. It is not about getting the idea at all, it is about managing ideas. So you’ve have a few great ideas, so what? There is a lot of art and science behind moving ideas along corporate decision chain as well as in managing the unknowns. I remember I used to teach an in-house program for my strategists on “managing the unknowns.” These MBAs would struggle with not finding enough data points and get stuck in the innovation process. How often do these big world-changing ideas come from people with MBAs?But then there are so many ideas such as Google, Twitter, Facebook, OnStar, Kindle, Blackberry and the X-37B space plane launched this week… that turned into innovations that change the way we work and play forever, stirred new competition, and created new wealth. The future is never about the … Continue reading

Posted in Entrepreneurship, Innovation, Open Innovation | 1 Comment
Importance of Trust and Transparency to Innovation

There is lots written about how hard/challenging/difficult transformation/change/innovation are in companies – the bigger the more difficult – but there are two key issues which don’t get raised enough (in my view).Hard decisions and transparencyFirst – hard decisions. A couple of years ago I attended a Financial Times Innovate conference in London. The speaker that stood out was Syl Saller – the Innovation Director at Diageo (it owns Guiness, Baileys, Smirnoff etc) and her honest insights into innovation and change in global companies. Syl described a series of key meetings about what they were going to invest in to support the growth of new global brands and what they needed to stop in certain countries where investments were being made in local brands. The (relatively) easy bit was where to invest – the (really) hard bit was agreeing on what to stop.Being a big company metrics drive behaviour so country … Continue reading

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Innovation Perspectives - Harnessing Your

This is the third of several ‘Innovation Perspectives’ articles we will publish this week from multiple authors to get different perspectives on ‘What is the role of social media in innovation? (Either inside or outside the organization)’. Here is the next perspective in the series:by Michael SoerensenUse the power of the Social Media “teens” in your organization!Everybody is struggling with innovation collaboration – especially how to make employees, customers, etc. chip in… One way of bypassing this for good, is to identify the savvy social media experts within your company, and equip them with tools for innovation and ideation. And you don’t need to search for long – just call your Human Resource (HR) department and get a list of employees under 30 years of age, and you will have instant access to specialists brought up on facebook, messenger, linkedin, myspace, etc.!This group knows what works – and what doesn’t … Continue reading

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Crossing the Re-invention Gap - Newspapers

Is news dying, or are newspapers dying? That’s a critical question. Most of us know the demand for news is not dying – and if you needed reinforcement a recent McKinsey & Company study verified that the demand for news has increased (McKinsey Quarterly “A Glimmer of Hope for Newspapers”). And a lot of the increase comes from people under 35 who are escalating their news demands. Of course, most of this increase is coming from the web and mobile media.Too often, however, we don’t see our business growing. Instead, Lock-in to old definitions make us think our business is shrinking when it is actually doing the opposite! And that’s the Re-invention Gap. Manufacturers of small printing presses said demand was declining in the 1970s, when in fact demand for copies was exploding. Only the explosion was from xerography instead of presses. So A.B. Dick and Multigraphics, small offset press … Continue reading

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There is No GPS for Innovation

OK, after 2 weeks of sleep deprivation due to manuscript deadlines, I am now back in action here. The final version of the manuscript went to the publisher on Saturday. I then played Personality Poker in Memphis with nearly 100 representatives from Penguin’s gift sales on Sunday. These individuals sell books into non-traditional bookstores, gift stores, hospital gift shops, department stores, casino, and similar places.Last weekend, I played Personality Poker with a couple hundred people at a conference in Canada.After the event, over a dozen of us decided to go to dinner together. Half the people fit into taxis. After the taxis departed from the hotel, the remaining individuals went in two cars, one of which I drove. We had the address and a map. I, being Mr. Technology, plugged the address into the GPS. The other individual had the map, but also relied on directions he received from the … Continue reading

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Where will your next great marketing idea come from?

Here’s an idea.Pick 5-8 people in your organization who are not in sales or marketing. Invite them to a one-hour meeting later this week, and at the meeting spend 15 minutes each brainstorming on the four questions below:How will you identify and empower your most loyal customers to tell your story, increase positive word-of-mouth and general referrals?What can employees do to evangelize your brand, and attract both new customers and potential new employees, on and off work hours?How could you identify, engage and participate in customer communities to build value, trust, credibility and consideration/intent towards your brand?What simple things can you do to inspire greater retention, renewals or frequency with current customers (without spending additional money)?I bet you’ll be pleasantly surprised how creative, innovative and useful their ideas and that time will be.Bonus points if you hand them a copy of the questions afterward, give them a day or two … Continue reading

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