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A leading innovation and marketing blog from Braden Kelley of Business Strategy Innovation

Thursday, March 04, 2010

Selling Innovation to Your Boss

by Jeffrey Phillips

Selling Innovation to Your BossI've argued before that most firms innovate when faced one of two conditions: fear or greed. The fear factor indicates the firm has explored all other options, and now only the most "radical" option - innovation - remains. To paraphrase Sherlock Holmes, "when you've eliminated the possible, whatever remains, no matter how improbable, must be the answer". And, like Gordon Gecko from Wall Street, I believe many firms innovate when they believe they've spotted an emerging opportunity or new market. In this case, greed is good.

But if all innovation were based on these two drivers, then little innovation would get done. Clearly many firms latch onto innovation as a life preserver, a last ditch effort rather than a strategic focus, but there's more innovation underway than could be accounted for by desperation. And I'm relatively certain that while some firms are good at spotting innovation opportunities and moving aggressively to produce new products and services, they are fairly few and far between. That leaves us with the majority of innovation getting done by the firms in the hazy middle - not really desperate, but not really leading innovators either. If that's the case, what methods do they use to "sell" innovation to the appropriate decisioning individuals or bodies?

Innovation can be "sold" to executives in one of several methods:
  1. As a method to increase organic growth, driving new profits
  2. As a method to disrupt the existing market or adjacent markets, preempting a competitor
  3. As a method to create significant differentiation within a market space
  4. As a method to create product or service leadership

These are the hard-headed, rational reasons, and the reasons that organizations tell themselves they innovate. in reality, most firms take on innovation efforts because:
  1. An employee created a great idea and we really have no choice but to exploit it
  2. A competitor has launched a new (product, initiative, campaign) and we need to respond to it
  3. A senior leader within the firm has made it his/her mission to create an innovation program and the squeaky wheel must be greased

We often find that innovation programs are formed around existing assets - people or ideas - that persist until they must be addressed. Sort of like a plant that must be weeded out or watered. Otherwise, most new innovation efforts are based on a response to what a competitor is doing. This "reactive" innovation is not, in our minds, the best way to innovate, but it may be the best way to sell an innovation program, to give your initiative the final "kickstart" needed to get the funding or resources you need.

Thus, to "sell" innovation you need to:
  1. Link it to a corporate objective (growth, differentiation, disruption)
  2. Build ideas and momentum under the covers
  3. Demonstrate what your competitors and new market entrants are doing
  4. Link all three together (strategy, existing momentum, competitive threats) to complete the package

Without all three "legs" of the stool, you'll struggle to gain credibility. Without a strategic linkage any innovation will be incremental point solutions. Without some existing momentum, the work will seem too overwhelming. Without the ability to demonstrate what competitors are doing, you rely on executives who place great emphasis on longer term strategic goals.


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Jeffrey PhillipsJeffrey Phillips is a senior leader at OVO Innovation. OVO works with large distributed organizations to build innovation teams, processes and capabilities. Jeffrey is the author of "Make us more Innovative", and innovateonpurpose.blogspot.com.

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Saturday, February 20, 2010

Thinking Fearlessly

by Kevin Roberts

Think FearlesslySometimes in life - boardroom, living room or classroom - we get so scared of failure that we make it impossible for ourselves to succeed. In an economy in reset mode, the unreasonable power of creativity is what will set smart people and companies apart. But the thing about creativity is that it breeds failure as well as success.

That's the paradox. In a jittery economy, people suppress creativity to minimize the risk of failure, and companies often encourage that kind of insular thinking. But it's exactly the wrong approach - if allowed to set in, fear of failure will set an organization on auto-pilot, nose down.

Jonah Lehrer wrote on his blog in December about how psychologists are learning more about how the creative brain functions. He used the example of a simple but powerful experiment among college students. Two groups were told to list as many modes of transport as they could. The only difference was that one group was told the idea for the research came from exchange students in Greece, and the second group was told it came from classmates from down the hall.

Fascinating results. The 'down the hall' group came in with a predictable set of responses like car, bus and train. The 'Greece' group let their imagination run wild, generating far more answers, naming horses, ancient warships, spaceships and, yes, Segways.

The only difference was that one group was given the smallest permission to think fearlessly, and they jumped at it. Lehrer uses this research to argue in favor of the mind-opening possibilities of travel, and he's right. More importantly, it reveals the way the creative mind flourishes in the right conditions, and closes down in the wrong ones.

Fast Company magazine backed this up when they reported the findings of Harvard Business School research into the work habits of 238 creative professionals. The findings revealed that "creativity is positively associated with joy and love and negatively associated with anger, fear, and anxiety." The researchers argue that a fearful or negative workplace environment is an anathema to creativity and that "when people are doing work that they love and they're allowed to deeply engage in it - and when the work itself is valued and recognized - then creativity will flourish."

The lesson is obvious. We need to overwhelm tough times with our boundless and brazen creativity - not the other way around.


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Kevin RobertsKevin Roberts is the CEO worldwide of The Lovemarks Company, Saatchi & Saatchi. For more information on Kevin, please go to www.saatchikevin.com. To see this blog at its original source, please go to www.krconnect.blogspot.com.

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Tuesday, January 19, 2010

The Innovator Within

by Matt Heinz

The Innovator WithinI'm constantly blown away by the brilliant, innovative ideas around us. It's a shame that so very few of those ideas see the light of day.

Brilliant people with innovative ideas are everywhere, but most of their ideas get caught in one of three traps:

Fear/Risk: Innovative ideas are inherently risky. They buck trends, go against the status quo. The risk of failure is quite high. It's why most people keep their day jobs and merely dream about their ideas vs. taking action on them. Oftentimes this is born out of income risk. I can't quit my day job to give this a shot - if it fails, my income and family suffers. Or it could be the risk of ruining your reputation. Try something innovative at work, and if it fails that may damage your success record. Or your promotion. Or raise. This is why so many great ideas, innovations and start-ups are born in a recession. Individuals with great ideas lose their secure jobs, so the risk of starting or trying something totally different goes down significantly.

Rejection: Because innovative ideas aren't what people expect, they get rejected easily. If you raise an innovative idea in a big company, it's likely to get squashed. If you run a new idea by someone who's embedded in the status quo, they won't understand what you're saying. Worse, they'll tell you it will never work. Innovators get rejected - a lot - but for many would-be innovators, that rejection is too much to overcome. Either they can't move forward in their existing organization, or become convinced that the nay-sayers are right. That's a travesty.

Bandwidth: Who has time for new ideas anyway? You woke up this morning with too much to do as it is - current projects, current deadlines, current initiatives. We then go home to family, kids, chores and a thousand things pulling at our time. Innovations usually start in someone's spare time, but finding that time can itself be a significant challenge. If you get laid off, and suddenly have a plethora of time, the bandwidth limiter is eliminated. But for the rest of us, finding time to triage and pursue our new ideas can often be an insurmountable challenge.

For every entrepeneur, no matter how confident or determined, these hurdles exist. For the majority of individuals with great ideas, these hurdles can in fact be crippling.

But there are equal but opposite attributes that successful innovators have that anyone can learn and/or adopt. These include courage, tenacity, passion, organization and thick skin. But perhaps most important is conviction. Conviction that you're onto something, that you're right, conviction that it doesn't matter if others can't see it, if it's risky, or if it takes a few extra hours in the evening and weekends to tinker with it.

There are innovators within all of us. Everyone has these amazing ideas - be they recurring or fleeting - that can create massive change, efficiency and betterment in the world around us - at a micro and macro level, and everywhere in between.

Perhaps part of the solution isn't to convert innovators into entrepreneurs, but to create a better channel of innovative ideas into the hands of those with the time, courage and tenacity to make them happen. Make the idea exchange easy, but with all the right attribution and financial rewards available to the originator.

Your neighbor has an idea that could change the world, but isn't doing anything about it. How do we change that?


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Matt HeinzMatt Heinz is principal at Heinz Marketing, a sales & marketing consulting firm helping businesses increase customers and revenue. Contact Matt at matt@heinzmarketing.com or visit www.heinzmarketing.com.

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Tuesday, November 17, 2009

Find Your Nerve Guest Post

Over at www.findyournerve.com I have written a guest post about strategy in the downturn. The central question being:

Are you going to be nervous in the downturn, or nervy?




Braden KelleyBraden Kelley is the editor of Blogging Innovation and founder of Business Strategy Innovation, a consultancy focusing on innovation and marketing strategy. Braden is also @innovate on Twitter.

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Thursday, October 22, 2009

Innovation Strategy - Fight the Fear of Change

by Paul Sloane

Fear of the UnknownPeople are naturally apprehensive about change. They fear the unknown. There is a reluctance to take risks. This can be particularly true in a successful enterprise. Success can be an enemy of innovation. Why mess with a model that works? There is little incentive to take risks and try new things. But even successful companies are at risk if they stand still. Polaroid Corporation was a leader in its field but digital camera technology dealt it a serious blow and pushed it into Chapter 11. Smith Corona was very successful making typewriters but the advent of word processors proved fatal.

Overcoming the fear of change is a key objective for innovative leaders. They will need to take this issue head-on. They must engage people in a dialogue and discuss the risks and benefits of standing still or of innovating. The types of messages they strive to convey are:
  • We are doing well right now but we need to do better

  • We must fight the risk of complacency

  • If we don't find new ways to reach and delight our customers then others will do it for us

  • There is a risk in innovating but there is a bigger risk in standing still

  • Change can be a big positive for us if we can drive it in the direction we want

Leaders must promote a dialogue where, in addition to telling these messages, they listen to people's concerns and solicit their input. You can turn negative people around by asking for their views on how to make things better. When asked, they will often volunteer great ideas for how we can make the change a big success.

Here are some tools you can use in the battle to win the hearts and minds of your people:
  • Stories about companies that focussed on what they did well and who missed the next big wave

  • Examples of how we lost business to more innovative competitors

  • Examples of how we won business by doing something new

  • Praise for risk-takers and entrepreneurs within the business who have helped to drive change - successfully or unsuccessfully

Innovation involves taking risks, changing things that work and coping with failures. Many people find it an uncomfortable journey. It can be a very bumpy ride but the alternative is to stay in the same place and slowly wither.


Conclusion

Innovative leaders constantly evangelize the need for change. They replace the comfort of complacency with the hunger of ambition. We are doing well but we cannot rest on our laurels - we need to do even better. They explain that while trying new ventures is risky standing still is riskier. They must paint a picture that shows an appealing future that is worth taking risks to achieve. The prospect involves perils and opportunities. The only way we can get there is by embracing change.



Paul SloanePaul Sloane writes, speaks and leads workshops on creativity, innovation and leadership. He is the author of The Innovative Leader published by Kogan-Page.

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