The need for businesses to change is constant. This can be in response to a diverse set of pressures including growth, competition, customer expectations or sustained performance. While many businesses look to what others are doing there are a number of brave business owners and leaders that look to innovation. Innovation is easy to say and much harder to do.
Innovation is typically linked with creativity. Unfortunately being creative and having great ideas is not enough to bring about a change in business. Great ideas are just the starting point. Without the ability to execute on these ideas you are left with plenty of creativity and little to no innovation. Our point of view is that great innovators are those who can bring together the great ideas with the ability to execute.
There are many pitfalls and traps between idea and implementation. Our role is helping you navigate these pitfalls, to take some of the risks out of innovation and to allow creativity and good management practices to come together.
Some of the pitfalls we typically encounter include:
These pitfalls and more can be managed to provide an environment where the risks are lower and the outcomes more certain. While the risk cannot be eliminated a robust approach can give you the confidence to try something different and to innovate.
Digital Disruption - Lead Partner of Innovation, Grant Frear, asks Frank Farrall how to get big organisations to engage with digital.