Hutch Carpenter has written a wonderful article about what Innovation Management is all about. He sited illustrative examples on how it differs from control management and optimization management.
To many of us, this term might be new. But as we share to you the fields of innovation management, we hope to give you a good feel for what this is all about today.
1. It comes from a wide range of perspectives
For many Fortune top 2000 companies, one of the necessity of the businesses are for the workforce to contribute each of their ideas to the company. Whether you are a geek, nerdy or a happy-go-lucky staff, a company must put value to their inputs. You have to understand that for one to be able to come up with ideas doesn’t require one to have an advance degree.
2. Never-ever disrupt
A company must create a culture that is encouraging, not disrupting. No matter how you wanted employees to post ideas, it just won’t work if they don’t get the feeling of that culture. The recognition that there is valuable intellectual capital that you gain and acquire from employees knowledge is the key to improving corporate innovation.
3. Look at innovation as a discipline
This is the business aspect that put so much focus in making sure innovation becomes a discipline. This refers to executives doing the human resources, internal communication, processes, systems, and selection of technologies to implement. They make sure that it is constantly put in place, making sure it becomes a habit, and eventually discipline.
4. Creating a common platform for execution
You have the idea; you just don’t know how to do it. So creating a common platform for this to be finally implemented is a step to get this started. One must act heroically just to get anything done. A company must create a common community space to help employee foster innovation. To execute this, you have to make sure that your current system allows senior executives to listen down.