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Welcome to the belivernomics blog

 

I will try my best to update this webpage with  thought provoking and interesting content, as often as I can.  Please feel free to leave comments as  there is much that can be learnt from the sharing of ideas.

By pa360, Jun 6 2015 01:33PM

At its best, innovation has the capacity to open up a world of opportunity, comfort and convenience. Innovation can offer greater choice, save time, raise productivity and increase accessibility. Whether it be in science, technology, transport and industry or any other area of human endeavour, the relentless pursuit of innovation has brought about transformational change and the advancement of nations.


Innovation is as much a state of mind as a creative process for getting from where you are to where you want to be. Personally, I do not believe that innovation can be taught, although I do believe that you can create the right conditions for it to flourish.


With this in mind, set out below are what I consider to be the seven I's of innovation.


1. imperative - an imperative is what drives the innovator to act. It is the compelling reason for doing something as opposed to doing nothing. In project management speak, this scenario is described as the 'burning platform'.


2. impatience - yes impatience! I have always believed that impatience is the oxygen of innovation. Truly great innovation is underpinned by an impatience with the status quo, with the constraints of bureaucracy and with the routine of going through the motions. It is this impatience that sparks the desire for change, builds the momentum for change and sustains the pace of change.


3. idea - ideas are the seed of an innovation. An idea provides the basis for further discussion, exploration and development. Great ideas flourish in environments where people are given the right to try and the permission to fail.


4. improvisation - improvisation is the art of survival. The most successful innovators are able to solve complex problems, at short notice with limited resources. If indeed the 'burning platform' is the compelling case to act, then the quick thinking innovator turns the 'burning platform' into a life raft.


5. intuition - every great innovation is shaped by intuition or gut instinct for what works and what doesn't. This capacity for intuition also extends to understanding good timing and appreciating the risk environment. Powerful intuition will give you a feel for whether a great idea for today, may actually be a better idea for tomorrow.


6. incubation - incubation is the period of time it takes for an idea to become an innovation. The process of incubation allows for testing, modification and re-testing. This attention to quality management and control, will help you to focus on, what the late Apple chief executive, Steve Jobs described as: 'making great product'.


7. insight - great innovators are able to use insight to pattern spot, identify interdependencies and weigh up probabilities. Insight empowers the innovator to better understand what works and under what conditions. The most valuable insight is harvested from the widest range of relevant contributors and potential beneficiaries.


Clearly, innovation is a fluid and organic concept. As such, at different times there will be many other factors that contribute to successful innovation. However, the seven I's serve to underline the fact that innovation is not what you do, it is how you think.


By pa360, Apr 6 2015 02:18PM

Every great innovation is ignited by the spark of a great idea. In life, without the capacity to create ideas it is difficult to respond to challenges, explore options and take decisions. Likewise in business, ideas increase capacity to control risk, inform the development of strategy, shape the targeting of resources and lead to the creation of new products.


An ideas economy is one where the demands, created by the need to solve problems, trigger an automatic or 'cultural' problem-solving response. In an ideas economy, thinking creatively is not a random reaction to circumstances, it is hard-wired and part of your routine. Here are six tips for creating a dynamic ideas economy.


1. encourage experimentation - few will have the courage to step out of their comfort zone, without knowing that they are permitted to do so. A culture of experimentation must be created from the top, modelled by senior leadership and reflected in behaviours across your organisation.


2. permit failure - the right to experiment is worth little unless those who dare to try have the permission to fail. Permitting failure is no more to recognise that the process of development, growth and opportunity is about learning and in order learn, you sometime need to make mistakes.


3. encourage networking - ideas are best developed when people are encouraged to share thoughts and bounce ideas off each other. To make this happen you have to encourage people to network. Rather than developing formal structures for this, all that may be required is for you to utilise existing structures such as email and employee forums.


4. actively listen to what people have to say - don't ask people for an opinion if you are not genuinely interested in listening to what they have to say. Few things are as frustrating to those trying to be heard as the sense that you are just going through the motions with them. If you want people to feel valued, then don't humour them.


5. provide incentives and rewards - every economy requires stimulus or some form of incentive to kick start it or to sustain its momentum. This is even more likely to be the case if are trying to encourage behaviours that might not have been actively encouraged in the past. Incentives can be as simple as creating a culture of affirmation that recognises and acknowledges those who come up with the best ideas. In addition, you may be able to provide more tangible incentives as the resources of your organisation allow.


6. prototype ideas - there is no point encouraging ideas generation if you are unwilling to put viable ideas into practice. As well as providing potential solutions to your problems, acting on ideas also builds confidence, encourages others to get involved & lets people know that their efforts are valued and appreciated.


Creating and establising an ideas economy, ensures that you are better able to achieve maximum value from the skill and knowledge assets within your organisation.

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