Enumerate How A Firm Formulate And Implement Its Growth Strategies 20 Tips To Initiate & Inspire Innovation, From Your Strategic Thinking Business Coach

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20 Tips To Initiate & Inspire Innovation, From Your Strategic Thinking Business Coach

The word innovation appears frequently in advertising, position statements, branding, marketing, mission statements and is used by many businesses and organizations in some fashion or form. But the question is how many businesses and organizations actually make innovation a high priority? And how many businesses and organizations are really good at innovation? A recent AMA/HRI study found that although many organizations say innovation is a top priority, few companies are actually good at it.

Does your strategic thinking business coach want to know if you have been asked and worked to innovate within your company or organization? And the follow-up question are you having difficulty getting started and getting results? I suspect that many readers of this article have experienced or seen that one of the biggest problems with innovation is that they really aren’t sure where to start. So, with that in mind, your Strategic Thinking Business Coach offers the following list of twenty (20) tips to inspire and initiate innovation for you and your business.

Innovation Tip #1: Develop a clearly defined and focused approach to innovation within your business.

Innovation Tip #2: Develop a set of measurable goals that clearly define what you want and need to get out of innovation.

Innovation Tip #3: Develop a system to track and manage innovation.

Innovation Tip #4: Develop and implement a forum for sharing. Foster an open exchange of ideas and support among your colleagues and team members. Forums can be face-to-face meetings or online with message boards or blogs.

Innovation Tip #5: Engage in the powerful technique of brainstorming. The power of brainstorming enables you to address a business challenge, issue or opportunity and is effective because it sets no boundaries and allows people to say what they want.

Innovation Tip #6: Consider establishing an innovation team that prioritizes innovation and has a clearly defined and focused effort to achieve innovation in your business.

Innovation Tip #7: Outside of your organization, research what others do to initiate and inspire innovation. Set a goal to identify 3 or 4 organizations that are most innovative and then request visits to those companies to get a fresh perspective on innovation.?

Innovation Tip #8: Personally commit to doing something different from your normal routine. For example: try a new coffee house for your morning coffee; Take a different route to work; Try a new menu item; Or anything that you don’t normally do on a daily basis.

Innovation Tip #9: Find a business coach or mentor and learn from them.

Innovation Tip #10: Develop a proactive approach to generating new ideas. Make a list of questions/challenges that you can present to your team. This enables you to make innovation specific and proactive and in turn it can achieve more Top Mind Awareness (TOMA) and more strategically relevant ideas.?

Innovation Tip #11: Create some momentum for innovation in your business by selecting and committing to a project that is a “quick win” and proves that innovation produces positive results.

Innovation Tip #12: Create a sense of urgency by setting an aggressive schedule for the project.

Innovation Tip #13: Reward creativity and innovation in a personal and creative way. Develop rewards that personally appeal to the individual’s interests and values.

Innovation Tip #14: Create and foster a fun and challenging environment. Creative people have a tendency to be irreverent and love to have fun.

Innovation Tip #15: Break down personal isolation and create opportunities for people to bounce ideas off each other. Encourage (or force if necessary) people to gather in small groups from their workplaces and offices to discuss challenges, problems, trends, opportunities and threats, etc.

Innovation Tip #16: Break down hierarchies and emphasize and reward creative and innovative ideas wherever they come from in your business.

Innovation Tip #17: Create an environment where everyone can speak freely when working with your team.

Innovation Tip #18: Aim for simplicity so that innovative ideas are easy to understand, easy to explain to others, and relatively easy to implement.

Innovation Tip #19: Focus on action or experience and use verbs instead of nouns (eg “teaching people to think strategically” rather than “strategic thinking education”).

Innovation Tip #20: Adopt the attitude that you see mistakes and failures as great learning opportunities and blessings in disguise.

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