6 Essential Steps to Innovation

wazoku Blog

The best ideas in business can come from a variety of places – but only if you’re prepared to listen to them. Business thought leadership advises CEOs and others to look beyond their own board rooms and HiPPOS (highest paid person’s opinion) to find ideas among their employees, and it makes sense to create a workplace where great ideas can thrive. But is having an open culture all it takes to harness ideas?

modern-leadership-styles-blog

A structured approach towards unleashing creativity and sustaining the idea through planning and development stages is part of it, as is using an idea management platform to organise the process. We’ve outlined below six steps which give you a rough outline to harnessing and embracing innovation within your companies:

1. Define, target, and clarify

Begin innovative projects with momentum and a sense of urgency so that ideas aren’t shelved or forgotten within all of the mess and hubbub of daily life. Attract attention from your top managers and encourage everyone to think outside of the box when examining and reviewing new ideas.

2. Predict the needs of your customers

Obviously your newest ideas will be put to the test out in the market, but a preliminary examination of what your customers may or may not like about a new product or idea is essential to the process. You can choose to form target groups from company people or outsiders who are regular users of a similar project. Or, if you already have users, select a few to beta test your new ideas.

3. Learn from past experiences

Research your industry and external factors that can and do affect the success of your new product or idea. It’s always necessary to ensure that you’ve gathered all of the basic information you need to ensure success. The more thorough the research, the more transparent the next steps of the product development strategy become.

4. Immediate feedback

The voice of the customer is the first thing an innovation manager has to listen to. Successful companies seek and respond to feedback on their product and it’s features immediately after releasing it out on the market. This approach allows quick reaction, error correction, and a vision for future developments.

5. Relate the product to your brand

Keep in mind how the product relates to your brand, as the success of a company’s last product can define the company behind it. The product’s impact on the brand should always be taken into consideration as you will examine it as you create future products that will have their own brands.

6. Continuous innovation

Success can be seen as a starting point or a springboard for more ideas. Look at your successes and see how you can innovate based on those. Consider your budget and determine what you’re willing to spare for innovation. Generating new ideas and implementing them doesn’t have to necessarily be costly.

Idea management software can help companies manage create processes and streamline their steps towards innovation. It offers an easy to use platform that acts as a global home for ideas, to manage the process, initiate challenges and invite employees to contribute ideas and suggestions to find solutions. Find out how to make sure your idea management is a success