Managing innovation - creating value from ideas
Innovation doesn't just happen. It's not like the cartoons - a lightbulb flashes on above someone's head and that's it. No - it's a journey and we need to understand how best to prepare for that journey, whatever kind of value we are trying to create. This podcast is about some useful lessons we might take on board to help develop our capabilities.For more, see my website:https://johnbessant.org
Managing innovation - creating value from ideas
Managing knowledge spaghetti
Innovation is all about knowledge spaghetti.
Just like a plate of pasta innovation involves many different strands. Only this time we are talking about knowledge - technical knowledge, market knowledge, legal knowledge, financial knowledge and so on. They need to be woven together to create value.
And these knowledge strands are held by different people, inside and outside the organization. We have to find them and connect them, link them together to enable us to innovate. Whilst we can superimpose structures on it to help us with this task we shouldn’t forget that we’re really working with knowledge spaghetti.
One very powerful model is based on the idea that everyone in the organization has something to contribute to the innovation story – high involvement innovation. Here we’re working on the belief that even small strands of knowledge can be important and if we could bring them in to the story we’d make significant progress.
Which history tells us we can.In countless embodiments the principle of high involvement has been shown to pay dividends.Ask people for what they know that might help solve problems around quality, cost, delivery, etc – and there’s no shortage of good ideas in response.
But it’s not just the raw return on investment which collaboration platforms offer – thought these benefits are impressive. Their real value lies in the way they enable ‘emergent properties’ – the innovation whole becomes much greater than the sum of its parts.
They give us new and powerful ways of working with the knowledge spaghetti. Not only can we handle the sheer scale of the knowledge challenge and focus it towards key objectives but we can do so in ways which yield surprising additional benefits. They effectively turbocharge our innovation system. As this podcast suggests...
You can find a transcript here
If you'd like to explore more innovation stories, or access a wide range of resources to help work with innovation, then please visit my website here.
You can find a rich variety of cases, tools, videos, activities and other resources - as well as my innovation blog.
Or subscribe to my YouTube channel here