Posts Tagged ‘ Innovation ’

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Points of View is our blog dedicated to exploring the critical corporate communications issues of the day through insights and videos of Fortune 500 business and communications execs, industry insiders and our team.

PulsePoint Group

The Weekly Pulse: 2/23/11


February 24th, 2011

A recap of the previous week’s POV posts:

2/23: PulsePoint Group Corporate Communication Index Seres Part 6: Change (video): Bob Feldman, partner at PulsePoint Group, provides commentary on the firm’s recently released Corporate Communication Index Study. This is the sixth in a series of videos where he provides insight into the findings.

2/9: “Translating” Innovative Ideas for Clients: As a strategic consulting firm, counsel is only as good as it is palatable to our clients. Some might interpret that as requiring that we supply strategic insight that adds value to our clients. While that is at the core of what we do, it isn’t what I am referring to. What I mean is that a great idea can’t penetrate an organization if it isn’t delivered in a way its people can readily understand.

2/4: Instilling Practical Innovation in the Enterprise: Much of the recent discussion surrounding innovation in the enterprise has been geared towards consumer-facing aspects of the business: crowdsourcing new product ideas, engaging the consumer in experiential marketing, or even asking the consumer to develop advertising or mobile applications for the business. While these are all innovative ways to engage the consumer and garner some relatively cheap attention, business leaders often find themselves relying on “tried and true” examples of innovation, rather than harnessing it from within their organization.

Jesse Jacks

“Translating” Innovative Ideas for Clients


February 9th, 2011

As a strategic consulting firm, counsel is only as good as it is palatable to our clients. Some might interpret that as requiring that we supply strategic insight that adds value to our clients. While that is at the core of what we do, it isn’t what I am referring to.

businessman

What I mean is that a great idea can’t penetrate an organization if it isn’t delivered in a way its people can readily understand. If this sounds simple, you are right, it is. But the fact remains that too often great ideas and their potential impact on the organization are plagued by clumsy deliveries. The hand-off of a great idea from the professional service firm to the client should be treated as important as the idea itself, its future impact on the organization depends on it.

How many innovative ideas fall by the wayside not because they weren’t able to make a difference to the enterprise, but because the execution of their delivery was ignored? It’s an impossible question to answer, but it makes one wonder how different things could be had someone taken the time to carefully consider the concept before presenting their idea to the client.

Some things to consider when transferring a great idea to a client might include framing the end result in a way the client understands. Working backwards from a desired outcome to the idea itself isn’t a novel idea, but often times we take for granted the fact that we understand the impact the idea can have on the organization, while the client might be looking at it from a different point of view. But even this might not be going far enough. It makes more sense to work alongside the client in communicating the idea in a manner that their team can easily comprehend. So why is it that we don’t practice this more often?

This week on Harvard Business Review’s blog there is a great post on “Delivering Your Innovative Ideas” by Michael Schrage. He shares with readers his own experience in working with Procter & Gamble’s R&D team and watching as one of their managers “translates” his ideas for the team. Understanding how the client views your idea is every bit as important as how you envision it. If there is any chance of a great idea turning into the change that it was meant to lead, then this translation is every bit as important as the creativity that inspired it to begin with.

You can read Schrage’s account of the team at P&G interpreting his idea here.

Jesse Jacks

Instilling Practical Innovation in the Enterprise


February 4th, 2011

Much of the recent discussion surrounding innovation in the enterprise has been geared towards consumer-facing aspects of the business: crowdsourcing new product ideas, engaging the consumer in experiential marketing, or even asking the consumer to develop advertising or mobile applications for the business.

While these are all innovative ways to engage the consumer and garner some relatively cheap attention, business leaders often find themselves relying on “tried and true” examples of innovation, rather than harnessing it from within their organization. We often work with clients on internal crowdsourcing projects to great success, but as many of our clients and staff here at PulsePoint Group will tell you, the most glaring obstacle is often times the lack of an embedded approach to harnessing innovative thinking and practices within teams or throughout the organization. Sometimes the organization’s biggest hurdle to embracing innovation is simply not knowing how.

Businessweek published an article this week on GE’s five-year-old “Leadership, Innovation, and Growth” (LIG) initiative, employed by the company as a vehicle to jump start innovation and growth from deep within the organization. The initiative focuses on practical ways leaders and employees can instill traits within the company’s culture that foster the type of environment needed for organizations to get the most out of internal innovation projects like crowdsourcing platforms. Co-authored by GE’s VP of Executive Development and Chief Learning officer, Susan Peters, the article shares six practices GE has implemented within their organization as they work towards developing a culture where harnessing innovation is not a part of an exercise or project, but rather a way of running the business.

As innovation plays an increasingly important role across all factions of the enterprise, organizations that are able to create a culture that works, thinks, and executes with an eye towards the human aspects associated with an “innovation ready” culture will surely come out ahead of those who do not.

You can read Peters’ and GE’s execution roadmap here.

Jesse Jacks

Placing Open Innovation in the Professional Services Industry


January 21st, 2011

A clear trend emerged in business over the last decade: the rise of “open innovation.” Forerunners in the practice of utilizing third parties in creating, developing, and disseminating innovative business practices and products include Dell, having introduced and successfully integrated their IdeaStorm platform to drive new product development, and Starbucks, which followed suit with My Starbucks Idea, garnering yet more feedback from customers looking to enhance their personal experience with the company. But far and away the greatest example of a Fortune 500 company embracing open innovation over the past decade to drive everything from product development to revenue growth has been Procter & Gamble with its Connect & Develop initiative. P&G was successful in leveraging third parties alongside their core internal capabilities to reduce R&D costs by nearly 60% while simultaneously increasing the amount of new products it sent to market.  All this was done in a cost-efficient, time-saving manner that has resulted in Connect & Develop being hailed as one of the most successful open innovation initiatives ever.

But in a global service economy, what does open innovation look like?

Henry Chesbrough wrote an interesting article this week in the Harvard Business Review posing this very question, alongside investigating collaboration as an increasing source of innovation.

As we move towards a reliance on services to drive our economy, the service companies that can master the art of open innovation will be able to enjoy the fruits of their labors and realize a compelling competitive advantage.

Read the full post here

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