Innovation Isn't About Ideas

By James A Gardner

It is impossible to argue that fresh, new ideas are necessary if you are going to start an innovation effort. With no ideas, in the end, you're left with no innovation at all. But the issue is that so many people forget it takes more than a great idea to create an innovation which can actually generate value.

Besides ideas, you also need to concentrate on execution. It is execution that turns ideas into real products, services and process improvements. And it is execution where the hard work starts.

The reason people forget this important detail is simple. It's because the process of generating new ideas is inherently creative. It's fun, and you get a feeling of accomplishment just because you've dreamed up something unique. Everyone has had the experience of an energising brainstorming session, resulting in full whiteboards: you leave the room feeling you've accomplished something amazing.

Most of the time, though, nothing further ever happens. People are so satisfied with their work in creating new ideas that they allow themselves to forget there's still much more to do. Then, when someone else not only has the same idea, but executes it will, there is universal teeth gnashing as people wonder "why didn't we do that?". Regret is the order of the day, and it is a lesson hard learned. Especially when the opportunity cost turns out to be significant.

The answer is a systematic focus on execution, and the best way to get that is an innovation program. An innovation program allows creative people to focus on ideas, whilst taking away the detail steps of turning those ideas into something practicable. Creating an innovation program isn't necessarily simple, but it is an investment that reaps significant and sustained rewards over time. And it is an investment many companies are making these days in order to ensure they remain competitive. - 32171

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