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Right from the Start How Companies Have Established Successful Innovation Programs Hutch Carpenter Enterprise Innovation Consultant [email protected] #HYPEinnovation | @bhc3

HYPE - Right from the Start - FEI 2015

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Page 1: HYPE - Right from the Start - FEI 2015

Right from the StartHow Companies Have Established Successful Innovation Programs

Hutch CarpenterEnterprise Innovation [email protected]

#HYPEinnovation | @bhc3

Page 2: HYPE - Right from the Start - FEI 2015

Maturity Level: Establish

2

levels of participation

scope of innovation

Establish

Expand

Leverage

• Little experience with employee innovation at scale

• Uncertainty as to whether employees will participate

• Concern that the ideas will mostly suck

#HYPEinnovation | @bhc3

Page 3: HYPE - Right from the Start - FEI 2015

A tragedy in three acts

3

time

activ

ity

#HYPEinnovation | @bhc3

Page 4: HYPE - Right from the Start - FEI 2015

Innovation by design

4

Innovation by design, not exception

Steve Blank

You can’t wait for inspiration. You have to go after it with a club.

Jack London

Cannot be designedBy design

Areas of focus

Timing for innovation

Types of innovation

Innovation process

Ideas

Areas of focus

Timing for innovation

Types of innovation

Innovation process

#HYPEinnovation | @bhc3

Page 5: HYPE - Right from the Start - FEI 2015

Right from the Start

5

Leadership Awareness

Engagement Governance

#HYPEinnovation | @bhc3

Page 6: HYPE - Right from the Start - FEI 2015

6

Leadership

#HYPEinnovation | @bhc3

Page 7: HYPE - Right from the Start - FEI 2015

On emergent innovation

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You can’t have bottom-up innovation without top-

down support.

#HYPEinnovation | @bhc3

Page 8: HYPE - Right from the Start - FEI 2015

Leadership: missing in action

8

I recently visited with a Fortune 100 company that just blew-up their innovation program. After building a rather large department and supporting infrastructure it all collapsed upon itself.

The problem? Lack of proper visioning and strategic objectives. Without these beacons, employees were developing any creative idea they could think of which means most were off-strategy, not aligned with long-term objectives, and in some cases, just plain silly.

Tony VengroveMiles Finch Innovation

#HYPEinnovation | @bhc3

Page 9: HYPE - Right from the Start - FEI 2015

Strategic imperatives

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the future

1 Define the macro areas where innovation efforts are targeted

2 Connect to the C-Suite agenda

4 Work with resource abundance

3 Shared understanding for what drives future success

#HYPEinnovation | @bhc3

Page 10: HYPE - Right from the Start - FEI 2015

When executives own it

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What if we created a shipping service for customers who want things fast, and aren’t as price conscious?We could charge a monthly fee.

Charlie WardAmazon engineer

I really like this idea.

Here’s why…

If I had this option, I’d buy

most of…

We could calculate the breakeven…

Amazon EmployeesBottom-up enthusiasm

“Immediately enchanted by

the idea”

Jeff BezosAmazon CEO

#HYPEinnovation | @bhc3

Page 11: HYPE - Right from the Start - FEI 2015

Cannot feel like an alien effort

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Innovation Group

“pushing on a string”

#HYPEinnovation | @bhc3

Page 12: HYPE - Right from the Start - FEI 2015

Start with your Early Adopters

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Program ownership needs to be at the VP level of the organization.

Early Adopters

Early Majority

Late Majority

Laggards

Collaborative InnovationAdoption Curve

Collaborative InnovationCorporate Heat Map

#HYPEinnovation | @bhc3

Page 13: HYPE - Right from the Start - FEI 2015

Stifling innovation?

13#HYPEinnovation | @bhc3

Focus innovation efforts on limited, tangible needs.

But we might miss an amazing idea! Won’t that limit us?

Yes. Yes it will.

Page 14: HYPE - Right from the Start - FEI 2015

Campaigns drive value

14#HYPEinnovation | @bhc3

Campaigns address these issues:

• Ideas target needs that address the company goals

• Team is ready to provide feedback

• Evaluation and selection criteria easier to formulate

risk of failure

amou

nt o

f ben

efit

incremental

expansionary

transformative

Start with more tactical campaigns:

Page 15: HYPE - Right from the Start - FEI 2015

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Awareness

#HYPEinnovation | @bhc3

Page 16: HYPE - Right from the Start - FEI 2015

No awareness, no participation

16#HYPEinnovation | @bhc3

Page 17: HYPE - Right from the Start - FEI 2015

Three key points of communication

17#HYPEinnovation | @bhc3

Program brand and mission

Campaign “surround sound”

Celebrate successes

Page 18: HYPE - Right from the Start - FEI 2015

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Engagement

#HYPEinnovation | @bhc3

Page 20: HYPE - Right from the Start - FEI 2015

Remember this?

20#HYPEinnovation | @bhc3

time

activ

ity

Page 21: HYPE - Right from the Start - FEI 2015

Two forms of engagement

21#HYPEinnovation | @bhc3

Feedback Decisioning

Campaign Team

Peers

Executive Team

Topic Experts

#1 Yes!

#2 No

#3 <silence>

Page 22: HYPE - Right from the Start - FEI 2015

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Governance

#HYPEinnovation | @bhc3

Page 23: HYPE - Right from the Start - FEI 2015

To infinite and beyond?

23#HYPEinnovation | @bhc3

Governance addresses this question:

We have a finite set of resources.

How best to allocate them?

Page 24: HYPE - Right from the Start - FEI 2015

Front end: Guidance

24#HYPEinnovation | @bhc3

In scope

Out of scope

1 Reduce cases of ideas that never had a chance

2 Set expectations for employees who participate

3 Clarify with executive what her expectations are for the campaign

Page 25: HYPE - Right from the Start - FEI 2015

Back end: Decisioning

25#HYPEinnovation | @bhc3

From the outset, have a plan for reviewing, selecting and developing ideas.

What is basis for determining

ideas’ potential?

How will ideas be selected for

advancement?

Measure

Build

Learn

What process will be used to develop

selected ideas?

Page 26: HYPE - Right from the Start - FEI 2015

25 Innovation Behaviors

26#HYPEinnovation | @bhc3

Rate your company’s innovation culture

http://blog.hypeinnovation.com/rate-your-companys-innovation-culture

Page 27: HYPE - Right from the Start - FEI 2015

That’s a wrap, time for Q&A

27

Hutch CarpenterEnterprise Innovation ConsultantSan [email protected]

#HYPEinnovation | @bhc3