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Does Saying Innovation Make You Sound Stupid?

Does Saying Innovation Make You Sound Stupid?

GUEST POST from Robyn Bolton

“You sound stupid when you use the word ‘_____________’ because you’re trying to sound smart.”Mark Cuban

What goes in the blank?

For Mark Cuban, it’s “cohort” because “there’s no reason to ever use the word ‘cohort’ when you could use the word ‘group.’  A cohort is a group of people.  Say ‘group.’ Always use the simpler word.”

For one of my former bosses, it was “breakthrough.”  He would throw you out of the room if you used that word.  Not physically throw you out, but he was a big guy and could if you didn’t exit on your own.

For me, it’s “disrupt” (and all its forms) because applies (as originally intended by Clayton Christensen) in only about 0.1% of the instances in which it’s used.

There are other candidates.

Lots of other candidates.

In fact, I would go so far as to propose the biggest buzzword of them all: INNOVATION.

“Innovation” does not make you sound smart.

Here is a very short list of the most commonly heard statements about innovation.

  • Innovation is a priority.
  • Innovation is key to our growth.
  • We need to be more innovative.
  • We want to build/are committed to building a culture of innovation
  • Let’s innovate!

What do these statements even mean?

  • It’s great that innovation is a priority and key to our growth.  Hasn’t that always been the case?  What is changing? How is that translating into action? What do you expect from me?
  • Agree we should be more innovative.  How? What does “more innovative” look like?
  • Definitely want to be part of a culture of innovation.  What does that mean?  How is that different than our current culture?  What changes? How do we make sure the changes stick?
  • Sigh. Eye roll.

Saying what you mean makes you sound smart.

Always use the simpler word, and, in the case of innovation, there is always a simpler word or phrase.  Consider:

  • Grow revenue from our existing businesses
  • Create new revenue streams
  • Grow profit in our existing businesses
  • Grow profit by launching new high-profit businesses
  • Stay ahead of the competition
  • Create a new category
  • Launch a new product
  • Better serve our current customers
  • Serve new customers
  • Update/extend our current products
  • Increase the effectiveness of our marketing spend
  • Revise our business model to reflect changing consumer and customer expectations
  • Launch a low-cost and good-enough offering that appeals to non-consumers

You sound smart when you use the word(s) that most clearly, concisely, and unambiguously communicate your idea or intention.  “Innovation” does not do that.

Saying “innovation” AND what you mean makes you sound wicked smaht

“Innovation” on its own is lazy.  Simpler words and phrases aren’t nearly as sexy (I can’t imagine Fast Company coming out with “The World’s Best Companies at Creating New Revenue Streams” list).

But when you put them together – smart and sexy:

  • Innovation is a priority.  As a result, we are committing a minimum of $50M a year for the next five years to…
  • Innovation is key to growth.  As a result, we are doubling our investment in…
  • We need to be more innovative.  To achieve this, we are changing how we measure and incentivize executive performance to encourage long-term investments.
  • We want to build a culture of innovation.  As a first step in this process, we are making Kickbox available to any interested employee.
  • Let’s Innovate (Nope, don’t say this.  It’s too cheesy)

Say what you mean. 

If you don’t, people will think you don’t mean what you say.

What other words would you add to this rant?

Image credit: unsplash

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Innovation vs. Invention vs. Creativity

Innovation vs. Invention vs. Creativity

by Braden Kelley

There is so much talk about innovation these days, it’s hard to sometimes distinguish the signal from the noise.

In fact, the word innovation gets thrown around so much that it leaves people wondering:

What’s really innovative?

Well, most of the time that people talk about something being innovative, what they describe isn’t innovative, but instead inventive or creative. These three are all very different. Here is how I like to distinguish the differences between creativity, invention and innovation:

  1. Creativity – creates something interesting
  2. Invention – creates something useful
  3. Innovation – creates something so valuable that it is widely adopted, replacing the existing solution in a majority of appropriate use cases

Very few creative sparks result in an invention and very few inventions become innovations.

And the painful truth is that many great inventions take 20-30 years to be realized. Timing your investment is the key to whether you waste a big wad of cash, or still have it to spend when the optimal time to invest in a potential innovation comes.

If you look at most technology-based innovations, whether it’s the mp3 or the VCR, they were invented 20-30 years before they reached wide adoption in the marketplace, and for Gorilla Glass we’re talking more like 50 years.

To further emphasize the importance of timing…

Look at Webvan vs. Amazon Fresh

Look at Pets.com vs. Chewy.com (acquired by Petsmart)

Now these aren’t innovations, but you get my point. You have to know where you are on the commercialization timeline…

And most importantly, sometimes you have to look BACKWARDS before you look forwards, so you know where on the commercialization timeline you are.

If you’re working on a potential innovation now, are you sure it’s a potential innovation?

Are you sure now is the time to go big?

Read more about Premature Innovation

You might also enjoy Are You Innovating for the Past or the Future?

Image credit: Pexels

Innovation Audit from Braden Kelley

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Let’s Chat About the Language of Innovation

Let’s Chat About the Language of Innovation

Let’s Chat About the Language of Innovation

It was bound to happen sooner or later…

What is it you might ask?

Well, it is the recognition that the language we use (and more importantly, having a common language) when it comes to innovation, to change, or to pretty much any other aspect of business is just as important as it is in our personal lives.

Who does the recognition come from?

Well, none other than the innocats, a cool group of people who host a twitter chat at #innochat every Thursday at 5PM GMT (that’s 9AM for those of you on the west coast of the USA, Noon on the east coast, and well, 5PM for those of you in the UK).

Personally I tend to use Tweetchat.com to participate in twitter chats like this because it makes it easy to follow along real-time. If you go to the Tweetchat.com web site, just enter the hashtag #innochat as the room you’d like to enter.

So, come join me tomorrow (October 9, 2014) for an #innochat on the language of innovation. You can find the introductory post for the session here:

Sorry, link expired

UPDATE: Sorry, link to transcript expired

On that page you’ll also find links to my latest article on the topic and my latest white paper (commissioned by Planview).

If you’d like to commission a white paper, webinar, or keynote speech on innovation, social business, inbound/digital/content marketing or some other topic you think I can help people make sense of, contact me.

Otherwise, come join me for a lively Twitter discussion of the importance of a common language of innovation.

Oh, and if you’re curious what my current definition of innovation is, here you go:

“Innovation transforms the useful seeds of invention into widely adopted solutions valued above every existing alternative.” – Braden Kelley

Keep innovating!

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1. BLOGS – Link back to https://bradenkelley.com/category/stikkees/ and you can embed them for free
2. PRESENTATIONS, please send $25 to me on PayPal by clicking the button 3. NEWSLETTERS & WEB SITES, please send me $50 on PayPal by clicking the button
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Innovation Goes to the Dogs?

Innovation Going to the Dogs?

In case you missed it, a team from Scandinavia thinks that they’ve nearly cracked no, not the human-computer interface, but the dog-computer interface, so that some day soon we might in fact be able to understand man’s best friend.

What does the dog say?

Well, this question begs another question, do we really care? Or do we really want to hear it all of the time?

They’ve launched an IndieGoGo campaign and have already exceeded their campaign funding goal, so I guess they’ll be moving their research and product development on to the next stage.

So, what do you think, if they push the product to the finish line, will it be an invention or an innovation?


Build a common language of innovation on your team

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Innovation QuickStart Guide

Innovation QuickStart GuideYou know how sometimes when you order a product you get this inch-thick instruction manual that you never read, but also how there is sometimes a QuickStart Guide of 5-10 simple steps to get you up and running quickly?

Well, Stoking Your Innovation Bonfire is the instruction manual that an increasing number of organizations are ordering for teams to help them with their innovation efforts. But, I’m sure companies could also use an Innovation QuickStart. So, here is one you could use (excerpted in part from my book):

10 Steps to Get Your Innovation Efforts Off to a Good Start

1. Conduct an Innovation Audit

How can you know where you are going to go with innovation if you don’t first know where you already are? For this reason I created a 50 question innovation audit and linked it to an Innovation Maturity Model from Karl T. Ulrich and Christian Terwiesch of Wharton Business School.

Innovation Maturity Model

2. Define What Innovation Means for Your Organization

Here is a simple exercise you can do next time you get together in your organization to talk about innovation. Have everyone in the group write down what their definition of innovation is, and then compare that to the official definition of innovation for the organization (if you have one) and the innovation definitions of others in the group. Defining innovation as an organization is important because it helps you determine what kinds of innovation you are focusing on as an organization, and what kinds of innovation you ARE NOT focusing on.

3. Create a Common Language of Innovation

Creating a definition of innovation is the first step in creating a common language of innovation. The importance of creating a common language of innovation is that language is one of the most important components of culture. If people in your organization don’t talk about innovation in a consistent way and see communications reinforcing the common language, how can you possibly hope to embed innovation in the culture of the organization? Ensuring consistent language in presentations, emails, etc. and having people read the same book on innovation or taking the same training courses are just some ways to help create and reinforce a common language of innovation.

4. Define Your Innovation Vision

A startup begins life as a single-minded entity focused on innovating for one set of customers with a single product or service. Often as a company grows to create a range of products and/or services, the organization can start to lose track of what it is trying to achieve, which customers it is trying to serve, and the kind of solutions that are most relevant and desired by them.

Jack Welch, CEO of GE once said, “Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.”

Vision is about focus and vision is about the ‘where’ and the ‘why’ not the ‘what’ or the ‘how’. A vision gives the business a sense of purpose and acts as a rudder when the way forward appears uncertain. An innovation vision is no less important, and it serves the same basic functions. An innovation vision can help to answer some of the following questions for employees:

  • Is innovation important or not?
  • Are we focusing on innovation or not?
  • What kind of innovation are we pursuing as an organization?
  • Is innovation a function of some part of the business?
  • Or, is innovation something that we are trying to place at the center of the business?
  • Are we pursuing open or closed innovation, or both?
  • Why should employees, suppliers, partners, and customers be excited to participate?

When people have questions, they tend not to move forward. For that reason it is crucial that an organization’s leadership both has a clear innovation vision, and clearly and regularly communicates it to key stakeholders. If employees, suppliers, partners, and customers aren’t sure what the innovation vision of the organization is, how can they imagine a better way forward?

Pre-Order Nine Innovation Roles Card Decks

5. Define Your Innovation Strategy

Many organizations take the time to create an organizational strategy and a mission statement, only to then neglect the creation of an innovation vision and an innovation strategy. An innovation strategy is not merely a technology roadmap from R&D or an agenda for new product development. Instead, an innovation strategy identifies who will drive a company’s profitable revenue growth and what will represent a strong competitive advantage for the firm going forward. Under this umbrella the innovation goals for the organization can be created.

An innovation strategy sets the innovation direction for an organization towards the achievement of its innovation vision. It gives members of the organization an idea of what new achievements and directions will best benefit the organization when it comes to innovation. As with organizational strategy, innovation strategy must determine WHAT the organization should focus on (and WHAT NOT to) so that tactics can be developed for HOW to get there.

Innovation Vision Strategy Goals

6. Define Your Innovation Goals

Just as managers and employees need goals to know what to focus on and to help them be successful, organizations need innovation goals too. Clear innovation goals, when combined with a clear innovation strategy and a single-minded innovation vision for the organization, will maximize the instinctual innovation that emerges from employees and the intellectual innovation that occurs on directed innovation projects.

While an innovation vision determines the kinds of innovation that an organization, and an innovation strategy determines what the organization will focus on when it comes to innovation, it is the innovation goals that break things down into tangible objectives that employees can work against. Let’s look at P&G as an example to see how these three things come together at the highest level:

Innovation Vision

  • Reach outside the company’s own R&D department for innovation

Innovation Strategy

  • Create a formal program (Connect + Develop) to focus on this vision

Innovation Goal

  • Source 50% of the company’s innovation from outside

The 50% goal gives employees and management something to measure against, and it sets a very visible benchmark that the whole organization can understand and visualize how big the commitment and participation must be in order to reach it. It is at this point of communicating the innovation goals that senior management also has to communicate how they intend to support their efforts and how they will help employees reach the innovation goals.

7. Create a Pool of Money to Fund Innovation Projects

Product managers leading product groups and general managers leading business units typically have revenue numbers they are trying to hit, and they will spend their budgets trying to hit those numbers. As a result, there are often precious little financial resources (and human resources) available for innovation projects that don’t generate immediate progress toward this quarter’s business goals. As a result, many organizations find themselves setting money aside outside of the product or business unit silos that can be allocated on the future needs of the business instead of the current needs of the product managers and general managers. This also allows the organization to build an innovation portfolio of projects with different risk profiles and time horizons. But, however you choose to fund innovation projects, the fact remains that you need to have a plan for doing so, or the promising projects that form your future innovation pipeline – will never get funded.

8. Create Human Resource Flexibility to Staff Innovation Projects

Some organizations allow employees to spend a certain percentage of their time on whatever they want, but most don’t. Some organizations allow employees to pitch to spend a certain percentage of their time on developing a promising idea, but most organizations are running so lean that they feel there is no time or money for innovation. Often this is true and so employees sometimes work on promising ideas on their own time, but they shouldn’t have to. And if you make them do so, it will be much more likely that they will develop the promising idea with others outside the company and the organization will gain nothing from these efforts.

Don’t turn your motivated intrapreneurs into entrepreneurs.

You must find a way to create resource flexibility. Organizations that want to continue to grow and thrive must staff the organization in a way that allows managers to invest a portion of their employees’ time into promising innovation projects. One model to consider is that of Intuit, which allows employees to form project teams and to accumulate percent time and then schedule time off to work on an innovation project with co-workers in the same way that they schedule a vacation. This allows the manager to plan for the employees’ absence from the day-to-day and allows the employee to focus on the innovation project during that scheduled leave from their workgroup. But that’s just one possible way to create human resource flexibility.

Pre-Order Nine Innovation Roles Card Decks

9. Focus on Value – Innovation is All About Value

Value creation is important, but you can’t succeed without equal attention being paid to both value access and value translation because innovation is all about value…

Innovation = Value Creation (x) Value Access (x) Value Translation = Success!

Now you will notice that the components are multiplicative not additive. Do one or two well and one poorly and it doesn’t necessarily add up to a positive result. Doing one poorly and two well can still doom your innovation investment to failure. Let’s look at the three equation components in brief:

Value Creation is pretty self-explanatory. Your innovation investment must create incremental or completely new value large enough to overcome the switching costs of moving to your new solution from the old solution (including the ‘Do Nothing Solution’). New value can be created by making something more efficient, more effective, possible that wasn’t possible before, or create new psychological or emotional benefits.

Value Access could also be thought of as friction reduction. How easy do you make it for customers and consumers to access the value you’ve created. How well has the product or service been designed to allow people to access the value easily? How easy is it for the solution to be created? How easy is it for people to do business with you?

Value Translation is all about helping people understand the value you’ve created and how it fits into their lives. Value translation is also about understanding where on a continuum between the need for explanation and education that your solution falls. Incremental innovations can usually just be explained to people because they anchor to something they already understand, but radical or disruptive innovations inevitably require some level of education (often far in advance of the launch). Done really well, value translation also helps to communicate how easy it will be for customers and consumers to exchange their old solution for the new solution.

The key thing to know here is that even if you do a great job at value creation, if you do a poor job at either value access or value translation, you can still fail miserably.

10. Focus on Creating a Culture of Learning Fast

There is a lot of chatter out there about the concept of ‘failing fast’ as a way of fostering innovation and reducing risk. Sometimes the concept of ‘failing fast’ is merged with ‘failing cheap’ to form the following refrain – ‘fail fast, fail cheap, fail often’.

Now don’t get me wrong, one of the most important things an organization can do is learn to accept failure as a real possibility in their innovation efforts, and even to plan for it by taking a portfolio approach that balances different risk profiles, time horizons, etc.

But when it comes to innovation, it is not as important whether you fail fast or fail slow or whether you fail at all, but how fast you learn. And make no mistake, you don’t have to fail to innovate (although there are always some obstacles along the way). With the right approach to innovation you can learn quickly from failures AND successes.

The key is to pursue your innovation efforts as a discrete set of experiments designed to learn certain things, and instrumenting each project phase in such a way that the desired learning is achieved.

The central question should always be:

“What do we hope to learn from this effort?”

When you start from this question, every project becomes a series of questions you hope to answer, and each answer moves you closer to identifying the key market insight and achieving your expected innovation. The questions you hope to answer can include technical questions, manufacturing questions, process questions, customer preference questions, questions about how to communicate the value to customers, and more. AND, the answers that push you forward can come from positive discrete outcomes OR negative discrete outcomes of the different project phases.

The ultimate goal of a ‘learning fast’ approach to innovation is to embed in your culture the ability to extract the key insights from your pursuits and the ability to quickly recognize how to modify your project plan to take advantage of unexpected learnings, and the flexibility and empowerment to make the necessary course corrections.

The faster you get at learning from unforeseen circumstances and outcomes, the faster you can turn an invention into an innovation by landing smack on what the customer finds truly valuable (and communicating the value in a compelling way). Fail to identify the key value AND a compelling way to communicate it, and you will fail to drive mass adoption.

Click the image to download a PDF flipbook:

Summary

When you start with an innovation audit and creating a common language of innovation (including a definition of innovation), it sets you up well to create a coherent innovation vision, strategy, and goals. And then if you build in the financial and human resource flexibility necessary to create a focus on value creation, access and translation – and support it with a culture that is focused on learning fast – YOU WILL have built a solid foundation for your innovation efforts to grow and mature on top of. Are there more things that go into embedding innovation into your culture and creating sustainable innovation success? Absolutely. But, if you work diligently on these ten items you will get your innovation efforts off to a strong start.

What are you waiting for?

Image Credits: Stoking Your Innovation Bonfire


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Innovation Quotes of the Day – April 10, 2012


“Failing doesn’t make you a failure. Giving up, accepting your failure, refusing to try again, does.”

– Richard Exley


“We must create clarity in innovation language, vision, strategy, goals, and participation for a continuous innovation culture to be created.”

– Braden Kelley


What are some of your favorite innovation quotes?

Add one or more to the comments, listing the quote and who said it, and I’ll share the best of the submissions as future innovation quotes of the day!

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