I am a regular reader of Dave Polard's Save the World blog. Today, he touched on something relevant to the work I do with companies and I thought you might enjoy opening this discussion in your organization.
" THE CONFERENCE BOARD ON INNOVATION
The Conference Board of Canada recently conducted a survey that revealed six common features of "highly innovative" firms (those that get more than 20% of their revenues from new products).. The six features:
- Draw on customers as the primary source of new ideas and an integral part of the decision-making process.
- Collaborate extensively with universities and colleges on research and to access expertise.
- Operate a defined R&D process.
- Have formal processes for generating, testing and commercializing new ideas, including incentives for participating employees.
- Use both evaluative processes and intuition in deciding on innovation projects and investments.
- Have an appointed internal "innovation champion" and at least one "pathfinder" customer to collaborate on innovation projects.
What have you noticed in your organization?