Consistent Innovation

Be sure that you have put in place a sustainable model for consistent Innovation. Once the returns from innovation start to pour in, the organization should focus on maximizing the returns through routine implementation. Harvesting is a mechanical and essential process. Use an Innovation Center to provide the foundation for a long-term initiative. Large, tradition bound, successful organizations, tend to prefer the stability that formalized procedures provide. Even though most companies accept the idea of innovation being important for success, most are not committed enough to practice it on a long-term basis. This book provides the underlying processes required to make it work on a sustainable consistent basis and demystifies the process for use across the organization. Management is bottom-line driven. Usually extremely result oriented in the short term and often losing faith in concepts very quickly. Innovation is a concept that requires a long-term buy-in and takes time to be fully ingrained in the organizational culture. Consistent, long-term commitment and long-term implementation is key to making the climate of innovation a way of life. The benefits of an innovation intervention in very early phases are intangible. Long term top management participation and commitment is key to success. A critical mass of participants in a company practicing Innovation Tools (IT) is essential to demonstrate financial and process quality impact. Innovation practices, besides leading to continuous improvement, also result in quantum shifts in the business, leading to unprecedented profits. But patience and the Bhagavad-Gita principle of ‘Do your work without expecting results,’ are required. Organizational variables like quality of work life, teamwork, tolerance for new and disruptive ideas and unimpeded communication are required to make innovation initiatives work. Deploying the time, budgets and people required to make these initiatives work, requires management buy-in. Innovation champions are critical to carry through long-term initiatives.