Social Media and Disruptive Innovation
It was an interesting statement. First of all, I do not believe that you can plan for disruptive innovation. It simply has too many unknowns (technology or market-wise) making it difficult to plan for it. However, I am a strong believer that organizations can create the right conditions and environment for distruptive innovation to happen.
A key element for this is that you need to be open for new kinds of input and this is wheresocial media can play an important role. If done right, social media can help you bring in unexpected contributions from unexpected or previously unknown sources.
Look at a community site like IngenuityWorking.com run by Psion, a maker of rugged, mobile computers. They have created a community that not only showcases their innovation assets and needs. It also enables an entire ecosystem to discuss innovation and exchange ideas. What if two companies connect here, come up with a great idea and then want Psion to be involved?
This could lead to an unforseen opportunity for Psion and since it comes from unexpected sources, it might even have a disruptive potential. Psion has created a system in which they got the conditions and the environment for disruptive innovation in place. However, this is only at the early stages – the front end of innovation – as Psion still needs to have processes in place in order to turn such ideas into revenues.
Nevertheless, I think Psion and other companies with similar communities have a valuable asset here for disruptive as well as other kinds of innovation – and yes – social media can play an important role for disruptive innovation.
imagecredit:filmmakermag & ibmadison
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.