We have just completed another set of workshop sessions on Strategic Marketing, which I will cover in another post at some point in the future. Part of the time was dedicated to an introduction to Strategic Innovation. But even when one is just skimming the surface (and we were skimming the surface), there were a couple of key points that I took away which are worth noting:
- Innovation is a process, it is not all about invention.
- Ideas can come from anybody, no matter what their background or skills base - the challenge is to capture those ideas and store them in some type of idea bank so that you can revisit them @ some point in the future.
- Innovation needs to be worked at - all the time and
- Customers are probably one of the most important resources that you need to be able to tap into for information and ideas. This obviously resonates with my idea that it is the customer that determines your value proposition, not you as the product manager or the organisation.
- It’s not the leader’s job to think up all the great ideas or to have all the answers
- Don’t expect “just-in-time” innovation
- Don’t confuse extroversion with innovation
- Practice “constructive disruption”
- Make it Fun
- Share the rewards
- Foster Relevance
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