Leaders know that innovation is necessary to stay ahead, but it can be hard and painful work. As any business reflects on recent successes and looks toward disruption of future growth, the question begs itself: how do we innovate?
When it comes to innovation, a good place to start is by identifying the type of innovation you want. Doing this helps an organization manage its expectations and allocate resources correctly. For example, most businesses want to make incremental changes. This includes efforts like improving efficiencies and making legacy systems current. It’s innovative, but it’s incremental.
Other businesses want to go that little bit further. They want to find new ways of doing the same thing. We call this substantial innovation. And then, there are companies that want to future-proof their business and find entirely new ways of doing new things. They’re aware of what’s coming down the pipe to fundamentally change the value of their business. This is called transformative change.
Technology is a powerful agent for innovation, but it doesn’t stand by itself. Your team needs to understand the value of any technology and the organizational changes needed to successfully adopt it. Your biggest risk is not spending the time preparing your organization for rollout.
Repeatedly, I tell clients that “the last 10% is everything.” It’s where the solution is tailored to the business and where all the value is unlocked. When it comes to digital transformation and innovation efforts, the last 10% is the 100%.
We pride ourselves on being an invaluable partner in managing innovation efforts and staying ahead of digital disruption. If you’re interested in an innovation roadmap, we’ve got you covered with our 3-step guide to organizational readiness.
Want to talk about innovation? We’d love to hear from you.