Many of the best ideas come from “happy accidents’. Often, individuals or small groups are simply “freelancing”, working on ideas on their own. Many good ideas die short of development and miles from commercial success. In most companies, the “practice” of innovation is infrequent, ineffective, and unsystematic. To create successful innovative ideas, the following steps to be followed:
* Involve everyone in the quest for ideas
* Involve customers in your process of generating ideas
* Involve customers in new ways.
* Focus on needs that customers don’t express. Focus groups provide feedback only on existing ideas.
* Seek ideas from new customer groups.
Organizational networks are a major factor to successful innovation. Rycroft and Kasha argue that the management of such networks differs, depending on the kind of innovation being pursued. In times when incremental innovations are the norm, managers should allow self-organization to occur; this is the process by which networks re-order themselves and their knowledge into more appropriate structures without the guidance of management. When major technological changes are on the horizon, however, the role of management changes. Managers need to guide organizational adaptations that are essential to acquiring and creating the knowledge needed to innovate successfully. Tata Steel does this with employees-‘Manthan ab Shopfloor se’
Tuesday, August 31, 2010
Generating New Ideas
Monday, August 30, 2010
No Man Is An Island
Thursday, August 26, 2010
Springboard
Springboard are used to prevent ideas from being judged. They are very useful when new ideas are nurtured in an atmosphere of suspended judgment. Example Springboard would involve requesting people to prepare a WISH LIST to solve a specific problem. You tell individuals if you can have all the resources and materials and people you need how would you solve this problem? This would enable people to ignore obstacles and protect ideas from criticism. Whenever an idea is given, all individuals in the group must first say what they like about the idea. They would then ask the idea owner, how to solve some of the problems involved.
Play Devil’s Advocate. As a discipline, think of the exact opposite of the view you have been holding. If you’ve been saying ‘Yes’ get the motivation for ‘No’
If you are an optimist, as a discipline work out the motivations of the pessimist. People feel busy and productive, leaping into activity. One can happily be busy doing work which may be non productive. In my view thinking should be the major activity of managers.
Creativity helps us to find alternatives to successful activities. But progress lies in constantly striving through innovation to delight the customer.
Thursday, August 19, 2010
Making Innovation A Way Of Life
Wednesday, August 18, 2010
The Feminine Principle
Tuesday, August 17, 2010
Spending Time Solving Problems
Sunday, August 15, 2010
Cutting edge technologies
Friday, August 13, 2010
Customer focus on Innovation
Wednesday, August 11, 2010
Providing Challenging Jobs
In the past, traditional, Indian managements maintained a shroud of secrecy regarding the company’s achievements, particularly its financial performance. Today it is well established that informed participants are better than unwilling victims sacrificed for the company’s profits. Sharing knowledge and profits have gone a long way in achieving better performance. Many companies have introduced performance based incentives as a key component of their salaries.
Monday, August 9, 2010
Doing things not done by others
Sunday, August 8, 2010
Improve Existing Tasks
Friday, August 6, 2010
Doing Right Things
Thursday, August 5, 2010
Doing Things Right
Mistakes can be expensive. The cost of rejections is the major source of concern in manufacturing. Doing things right, is essential before companies can think of doing new things. Doing things right happens through:
- Training
- Retraining
- Building in quality consciousness
- Reward and feedback systems
- Process improvement
- Communicating and affirming a culture of excellence
- Building teams that co-operate rather than compete
Organizations must try to follow these steps to attain success and accomplish goals.
Wednesday, August 4, 2010
Innovation in Human Resources Management
Innovation in the field of Human Resource Management can be achieved by following the given steps:
- Planning - Creative approaches to the planning of human resources, keeping in mind the existing numbers and mix, expansions, diversifications, globalization, retrials, turnover, etc.
- Acquisition - Required numbers and mix of human resources, in an increasingly competitive global factor market for talent should be acquired.
- Retention - Retention of the valuable human assets through innovations in physical and psychological hygiene factors, job satisfaction, etc.
- Development - People should be developed through on the job experience, coaching, rotation, training, development, etc.
- Utilization - Human potential should be utilized through empowerment, vision, challenging goals, plans, projects and opportunities for championing and entrepreneurship.
- Planned separation - Separation should be planned mostly at retirement, sometimes earlier, with mutual benefit and goodwill.
Tuesday, August 3, 2010
Innovation in Manufacturing and Technology
- Redesign the product, through value analysis, value engineering and other relevant techniques for optimising the value-price relationship.
- Re-engineer the process, through de-bottlenecking, retrofitting, revamp or total replacement, as needed.
- Improve the generation, if any, transmission and utilization of power, steam, gases and any other auxiliaries to the production process.
- Continuous research and development for improvement of products, process, packaging and other operation.
- In the event of collaborations, improve absorption, use and adaptation of the new technologies.
- Search for improvements in the configuration, implementation and commissioning of new projects and their ramp up to full capacity utilization.
- Extend the innovative approaches and practices to key vendors of parts, equipment and other inputs.
Monday, August 2, 2010
Innovation in Finance
- Innovate to control and reduce the end unit cost of materials, energy, labour, depreciation, interest and other over-head costs.
- Improve working capital management. Speed up the cash cycle by reducing lead times in procurement, conversion, dispatch and collection.
- Mobilize equity and debt funds, at optimal cost and risk, through a variety of innovative instruments and derivatives, from domestic and global capital markets.
- Look for acquisition candidates. Design innovative packages of financing the merger.
- If there are businesses to be hived off and sold, find innovative routes to maximize value and cash flow and minimize tax and other outflows.
Sunday, August 1, 2010
Tent Thinking Vs Taj Mahal Thinking
A Bank wanted to rapidly open branches at a minimal cost. They were not sure which of the locations was most likely to succeed. An Innovation lab came up with the idea of using existing organizations to set up branches: schools, petrol bunks, panchayat halls.
This solution has two advantages
- It was inexpensive
- It could be easily dismantled or closed, if not successful
Today, the speed at which corporations are required to grow, involves experiments. An experiment should be inexpensive. In fact, in an experiment, there is no success or failure; there is only a feedback.
This essentially is “Tent Thinking”. A tent can be put up, shapes can change, it can expand or reduce and it can be put down elsewhere.
Taj Mahal Thinking: This involves a fascination with permanence. Permanent structures, people and systems are expensive and difficult to dismantle. Permanent staff is a fixed overhead, which cannot be reduced as a swift response to falling demand in a recessional market. This is the