Five Things Needed to Manage Innovation
Sometimes I wonder whether innovation actually can be managed. If this is the case, I wonder why the return on investments and the innovation output is so low at so many companies.
Could it be that innovation is more about luck and timing than ever before? The reason for this being the fast pace of change that we have in today’s world of business.
Well, I do believe that innovation can be managed, but it does require more focus on things we did not emphasize that much just five years ago. This includes:
- Expect and plan for the unexpected to happen
- Develop an agile organization (more important than ever)
- Set the right conditions and the right framework rather than just telling people what to do
- Reach outside your organization and bring internal and external resources together
- Get rid of people (managers, employees, board members etc.) that do not the get the above
This is meant to be a discussion starter. What would you add?
Stefan Lindegaard is a speaker, network facilitator and strategic advisor who focus on the topics of open innovation, intrapreneurship and how to identify and develop the people who drive innovation
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