“We used to be innovative before the pandemic”. It is not uncommon to hear this in the corporate world when I visit clients now working in hybrid mode. That is not surprising if we look at innovativeness as a kind of stamina. It is similar to saying “I used to run 10K comfortably once upon a time”. Building and sustaining stamina is a sweaty process and needs discipline. If you don’t practice, your stamina goes down. Going to the gym helps or having a trainer or a buddy to exercise with help. Analogously, what kind of enablers help build innovation stamina? Let’s look at 3 of them in this article.
Dashboard and review: Smartwatches have made
parameters like the number of steps per day easily accessible. A gymgoer may watch a number
of push-ups and pull-ups, bench-press weights and repetitions, etc. A dashboard
makes a big difference when it comes to stamina building. However, we need to
differentiate between a goal of running 10K in under 1 hour and doing 6K runs three
times a week. So, a good dashboard should
have an outcome goal (e.g. run 10K in under 1 hour) and a process goal (e.g. run 6K
3 times a week). Similarly, it helps to have outcome goals related to
innovation stamina such as idea pipeline (no of ideas, ideas per person per
year, no of big bets), idea velocity measured through experiments and customer
validations, business impact measured through savings, revenue and profit, and
participation measured through percentage of team members participating in
innovation activity, etc. And it helps to have process goals such as the number of
brainstorms, number of challenge campaigns, number of hackathons, etc. I have
presented a few examples of dashboard parameters I gathered from annual reports
here
and also presented process goals here.
A dashboard without a review is of limited use. Hence,
organizations need to review the innovation dashboard with rigor and rhythm
(e.g. quarterly). This is where tough questions get asked and budget allocation
/ re-allocation happens. Here is an example of how Jeff
Bezos reviews a big bet like Alexa and another one on how
innovation reviews happened at P&G under A G Lafley.
Gyms and coaches: As I go out to jog in the morning,
I see many people carrying their gym bags and heading for a workout. For many, a
gym and perhaps a coach make a difference in bringing discipline to their
stamina-building process. For innovation, gyms come mostly in the form of
laboratories. There are different types of labs. For example, a tinkerers’ lab
may house various tools for wood-cutting, metal-cutting, circuit-building, CAD
modeling, 3D printing, etc. under one roof. Alternately, a technology-focused
lab may focus on technology like quantum computing, IoT sensors, AR/VR, nano-materials
for water purification, etc. A design studio creates space for using various
materials and tools for prototype designs.
An innovation sandbox also has high experimentation capacity
built through a lab but in addition, it has constraints coming from market use
cases, cost, and product performance. For example, when the Lego company decides to
create a center focused on creating a bio-plastic for building lego bricks, it
is working under various constraints like malleability of the material, ability
to hold paint, cost, and perhaps a few more.
A gym is far more effective with coaches and it welcomes
newcomers and trains them. Likewise, a lab is more effective when there are
coaches/mentors for newcomers.
Events and celebrations: Many runners get motivated
when they decide to participate in an event such as a 10K run or a marathon. They
form groups and practice together for months for this event. While such events are
competitive for many, for most people the cooperative spirit may dominate the
practice.
Companies also organize events related to innovation that
instill the spirit of competition and cooperation. For example, there are day-long
or week-long events showcasing promising ideas or prototypes. There are events
like Innovation Day/week, Engineers’ Day, technology conferences, hackathons, challenge
campaigns running over a month, etc.
Newsletters socialize these events. They showcase not only
the winners but also the participants helping each other. Events generate stories
that are discussed over lunch and they may motivate skeptics to participate in
the next event.
Events can lose steam if they turn into just social events. The ability to spot good challenges, ideas, and prototypes and convert them into proposals,
papers, and formal projects is important.
To summarize, we looked at three enablers of innovation stamina:
dashboard and review, gyms and coaches, and events and celebrations.
Related blogs:
4 stamina of an innovator, Aug 27, 2015
Starting an innovation initiative: An ABCD approach, Sep 25, 2015. The enablers mentioned in the above article could be seen as an extension of the ABCD approach with an E for Enablers.
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