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Category: Innovation

Innovation, Talent Management and Championing – even more relevant during tough times

Continuing from my previous post related to the interesting topic of Innovation – I found an interesting article on ‘The Economist’ titled ‘Champion’ – it discusses the critical role of champions in supporting and defending new ideas and talent.

Selected notes from the article:

1. The new idea either finds a champion or dies… No ordinary involvement with a new idea provides the energy required to cope with the indifference and resistance that major technological change provokes… Champions of new inventions display persistence and courage of heroic quality.

2. Championing is often applied to people as well: bright, young, talented people within an organisation are deemed to need a champion, someone higher up the corporate ladder who will support them and fight their corner. Many chief executives have risen to the top largely because they have been nurtured through their careers by people in high places.

I believe these become highly relevant during tough times. How does your company approach this and what sort of environment exists?

Main Source: http://www.economist.com/business/management/displaystory.cfm?story_id=12677035

Thoughts on ‘Innovation’ from IDEO CEO, Tim Brown (source: McKinsey Quarterly)

Some really interesting thoughts related to ‘Innovation’ from the IDEO CEO, Tim Brown (Source: McKinsey Quarterly, November 2008).

1. All we do is try to have new ideas…

2. …focus completely and utterly on experimentation, on exploring ideas for the sake of exploring them, and on bringing unlikely people together to work.

3. …if we spend too much time focusing on doing our projects on time and on budget – running our kind of business well – then the ideas we generate aren’t as good.

4. Innovation is not a continuous activity; it’s a project-based activity.

5. It’s often the role of senior leadership to defend new ideas until they’re actually out in the marketplace and able to stand up for themselves.

6. The biggest barrier (to innovation) is needing to know the answer before you get started.

7. It’s better to have a bigger ecosystem for innovation than a smaller one. You’re going to get more ideas and increase the likelihood of better ideas.

8. …a competitive issue for nations in the future will be the ability of the general populace to generate and develop ideas.

9. Foundations and corporations are playing roles that they weren’t playing before in public services…there’s an opportunity both to improve the life experience of many, many people and to create quite a lot of economic benefit…

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