Browsing Posts tagged innovation strategies

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.

Writing 30 blog posts in 30 days is not as difficult as I originally thought.  Each time I wrote a blog post, I came up with at least two additional ideas for future blog posts, articles and other content.  So, I now have a long list of topics to write about!

Also, most of my 30 blog posts are finding their way into my upcoming course on developing innovation strategies to grow a business.  Writing these 30 posts kept me thinking about that course every day and I worked on its content several times each week.  I have been slowly “working” on this course for several months.  As a result of the 30 day blogging challenge,  I will be ready to launch the course in the next week or two.

Am I finished blogging now that the 30 days are over? Absolutely Not!  Now that I know how easy it is to prepare blog posts, I will be posting on a regular basis.  Probably not every day, but at least several times every week.

Unexpected Benefits:  I met some great people during this 30 day challenge – other entrepreneurs and business leaders who are passionate about their business.   I was interviewed by a fantastic person, Terrie Wurzbacher.  Thanks to her interview, I am going to start scheduling my own teleseminars on various innovation topics of interest to business leaders and entrepreneurs.

Thanks to Connie Green for offering this challenge and supporting all participants in boosting their online presence.

Please continue visiting my blog – I have plenty of new content on the way!

Innovations and creative ideas for your business can pop into your head at any time.  These spontaneous ideas can be valuable to your business and should be recorded for future thought.  But, you never know when the next random idea will “appear”.

If you want to regularly develop more creative ideas for your business, schedule a brainstorming session.  Before scheduling the brainstorming session, be sure you know the best environment for your creative thinking.  Pick a time, location and setting that supports you in developing innovative ideas – read my blog post on Finding Your Innovation Environment for more details.

There are many techniques for brainstorming new ideas.  One technique involves identifying an unmet need in your own company or in your market.  Brainstorm for solutions to satisfy that unmet need.  Your solutions may include new products, new services, or adding new features to existing products or services.  Record all ideas you generate during your brainstorming session (using pencil and paper, a computer, a smartphone, an audio recorder, etc.)  You don’t need to understand all the details necessary to implement the solutions – just get the ideas recorded and you can work out the details later.

I recently scheduled a brainstorming session for myself to identify a list of article topics related to business innovation.  My list contains article titles and topics, but not the details of each article.  My brainstorming session generated a list of 28 article titles/topics in a short period of time.  I will schedule several follow-up brainstorming sessions to fill in the details for each article in my list.

Please share information about your successful brainstorming sessions here.

I regularly use case studies to teach my clients about innovation.  Case studies show a particular example of a business innovation, but can be generalized to apply to many businesses in a variety of markets.  The following case study describes an innovation developed at one of my clients.

A law firm regularly filed documents with a government agency by first class mail.  Each mailing would include a postcard addressed to the law firm that was date-stamped by the government agency and returned to the law firm.  The postcard acted as a receipt that the documents were received by the agency.

The law firm had an internal procedure that required each postcard to be stored in a physical file containing the documents mailed to the government agency.  These physical files were also used regularly by attorneys and support staff in the law firm.  Administrative employees spent a significant amount of continue reading…

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