A question I am frequently asked is “How do I create innovations in my business?”  To address this common question, I created the acronym IDEA, which describes a system for leveraging innovation in your business.  The first letter “I” represents “Identify All Innovations“.

The first step in leveraging innovation is to begin identifying creative ideas that can be developed into useful innovations.  If you don’t capture these creative ideas, there’s nothing to build upon.  Think of creative ideas as the “seeds” that, with proper attention and care, can grow into valuable business innovations.

Innovative ideas are often generated from problem solving exercises, brainstorming sessions and other activities.  These ideas must be captured and recorded for future evaluation or further brainstorming sessions.  Many businesses use these  ideas as “seeds” for future discussions.  For example, the initial idea may be a broad concept that needs to be refined into a product or service appropriate for the business.  Additional brainstorming on the broad idea may produce multiple approaches to implement the idea, thus “growing an innovation” from the idea seed.

Start finding those creative ideas today to begin identifying innovations that will grow your business.