Our understanding of innovation is too often based on thinking about new technologies like the internet, cell phones, etc. Innovation may have led to the development of these new products but innovation is much more all-encompassing. Innovation goes beyond technology—it is a new way of doing something.
We must become more innovative in order to survive and grow in today’s business world. No longer can we improve our products and services and expect this to be true innovation. Rather, we must re-think and re-invent what it is that we are doing and want to do and identify what products and services our organizations will deliver to meet the demands of the new economy.
Business Improvement Architects has developed a proprietary approach to help organizations achieve innovation excellence. We call it the “Innovate to Excel System™”. It includes seven key steps to achieve innovation excellence:
- Establish goals for innovation
- Create a culture which supports innovation
- Prepare for innovation with strategic change management
- Develop guiding values and principles for innovation
- Implement an Innovation Process
- Help your team understand innovation
- Develop Management's Innovation Leader Competencies
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