Action Plan for Innovation
- Realization of Value Value, financial or non-financial, is realized from the deployment, adoption and impact of new or changed solutions for interested parties.
- Future-Focused Leaders Leaders at all levels, driven by curiosity and courage, challenge the status quo by building an inspiring vision and purpose and by continuously engaging people to achieve those aims.
- Strategic Direction The direction for innovation activities is based on aligned and shared objectives and a relevant ambition level, supported by the necessary people and other resources.
- Culture Shared values, beliefs and behaviours, supporting openness to change, risk taking and collaboration enable the coexistence of creativity and effective execution.
- Exploiting Insights A diverse range of internal and external sources are used to systematically build insightful knowledge, to exploit stated and unstated needs.
- Managing Uncertainty Uncertainties and risks are evaluated, leveraged and then managed, by learning from systematic experimentation and iterative processes, within a portfolio of opportunities.
- Adaptable Structures Changes in the context of the organization are addressed by timely adaptation of structures, processes, competences and value realization models to maximize innovation capabilities.
- Systems approach Innovation management is based on a systems approach with interrelated and interacting elements and regular performance evaluation and improvements of the system.
Getting started with innovation management:
- Establish the need and context for innovation in your organization.
- Identify one person to own and drive innovation who has the full support of the leadership team.
- Set a vision for what you want to achieve through innovation.
- Define an internal roadmap for innovation that’s aligned to your corporate strategy and includes a set of objectives and measures.
- Assign resources and give the people working in your organization the support, training and time they need to deliver innovation.
- Identify innovation opportunities and challenges to focus the creation of novel ideas. Verify those ideas with your users or customers, and develop them into new services, products or operations.
The introduction of an IMS will help to create a culture of innovation, which in turn will make your innovation activities ‘sticky’ and sustainable.
