5 Corporate Innovation Quick Wins
By Anna Chatburn, Marketing Director at The Strategy Group
What are the low hanging fruits of corporate innovation? If you want to spark innovation in your organisation you can start small to form the basis of an innovative culture or boost existing initiatives.
These five pointers are easy and low cost to implement but have real impact.
1) Get out of the building and speak to your customer
Organisations know they need to focus on their customers to keep their offering relevant in today’s market. Happy customers drive a thriving sustainable business. Keep it simple and select some engaged customers, tell them you value their opinion and want to ensure your product or service stays relevant to them. You’ll be surprised how willing they are to tell you their experiences. Tools such as the customer value proposition canvas will help you map out their needs, gains and pains in a structured way. You’ll gain clear view of your customer’s needs to directly feed into your plans and offerings.
2) Draw (yes, draw) an idea and test with a colleague
We often rush to implement new ideas without first testing to see whether anyone likes them, or if they even work as we expect. A first step before deciding to develop an idea is to test it on those around you – colleagues, friends or family can help determine viability. Testing can identify issues or pivots needed before they’re implemented, saving time and money in the long run.
3) Introduce rewards and recognition for innovation in your organisation
Even the most innovative teams can start to get stuck in ‘business as usual’
A monthly innovation prize rewarding the person who shows the most innovation capability keeps innovation front of mind. It’s a relatively low cost incentive that has real impact on everyone’s ways of working.
4) Share innovation lessons learned in weekly meetings
Team meetings can start to become a place for everyone to reel off their to-do lists. Ask each person to reflect on the last week and share what they learned. It helps to foster a reflective culture of learning and progression.
5) Remember, you are not the customer of your products and services
You may think you know your product or service, but you can’t truly understand it until you’ve walked in your customer’s shoes. Try your product or service in different situations and variations. Services can be harder to try than products, but try to emulate the whole customer journey using role play.
Businesses know they need to change approach to stay ahead in today’s market, but they aren’t always sure how to apply new methodologies to traditional structures. We help large corporates apply new methodologies to achieve sustainable innovation.
If you’re ready to take your innovation project to the next level we can help discuss the best next steps to meet your goals.
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- The Innovators Series: Why Collaboration is Key for Innovation - July 17, 2018
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- The Innovators Series: Why fostering innovation is about people and mindset - May 3, 2018
- Business Transformation: How to Transform Your Business Model to Stay Ahead of The Curve - April 5, 2018
- How to use Future Casting to Redesign the Future - March 26, 2018
- Trends in Corporate Innovation: What Corporate Innovators think Australian Leadership Needs - January 7, 2018
- Creating an Integrated Healthcare Model For Telstra - November 18, 2017
- 5 Corporate Innovation Quick Wins - July 5, 2017
- Leadership Lessons From the First Leader - March 2, 2014
Marketing Director, The Strategy Group
Anna is driven by the belief that if organisations focus on making things better for their customers, they will retain and expand their customer-base. Anna enjoys communicating and sharing innovation expertise from The Strategy Group as it helps to transform the Australian business landscape.
An academic background in social sciences and experience working in the non-profit and education sectors underpin Anna’s interest in social and environmental innovation.
Anna has a passion for social enterprise, new technologies, sustainability, health and wellbeing. She lives in Bondi beach and loves walking the coastal path.
Anna has a Bachelor of Science (Honours) in Sociology from Loughborough University, UK.
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