Hive17 Consulting
  • Hive17 Consulting
  • Core Programs
    • Antifragility Score
    • Keynote Speeches
  • Sustainability
  • Certification
  • Thoughts
  • About Hive17

Deep Innovation for Fast and Lasting Success

28/10/2020

0 Comments

 
Picture
Last week, I posted a small poll to understand how companies are exploring their sources of innovation. The idea of the poll came out of a conversation about that many companies resort to two different types: either they have special teams that are developing new products, services and processes which are then taken up by the core business. Or, the companies are engaging their core business teams to explore new ideas themselves. According to the poll, over 60% of the people experience the latter.

At Hive17 Consulting we are promoting a third alternative that is taking the advantages of both options and allowing the companies to transform with more speed, less resistance and more creativity. Let's explore...

Companies that have established innovation labs complain that the core business is not taking up the new ideas with enough energy. The dedicated teams are great at identifying customer needs and have the resources to deep-dive into the respective markets. Often they are cross-functional and bring diverse experiences to the table, which is strengthening creativity and the creation of novel ideas. At the same time, they are disconnected from the core business and once they have claimed a victory, the company expects that the core business to stem the hard work for the big success. This creates friction.

As an alternative, companies then drive innovation from within their core business. Different initiatives are directed at identifying improvement ideas and developing new products. The core business is close to daily operations and has a good understanding of where we have friction and they are able to quickly implement improvements. Though, they lack the resources of creating a deep understanding of the larger context of the opportunity and often work in their respective silos.

How can we innovate and take the best from both options and drive creativity and operational excellence at the same time?

At Hive17 Consulting we are implementing an alternative we call 'Innovation Crews'. We support establishing small, interdisciplinary teams that are dedicated to a specific opportunity - growing a market, developing a new solution, improving manufacturing excellence, etc. These crews have the resources to deeply understand the ecosystem and bring different silos together. This allows the company to come up with crazy ideas in a short period of time. Because the team size is small, the team is forced to work together with the core business throughout the discovery, identification and development of the solution. This means, from the start the business is involved and contributes to the innovation projects. The innovation crew takes up a role of a facilitator to enable a smooth and accelerated journey towards groundbreaking innovation.

How did you experience the different options to drive innovation in your company?
0 Comments



Leave a Reply.

    Subscribe
    Receive our monthly themed summaries of our thoughts: click!

    Tim

    Tim is a change practitioner in the area of innovation and excellence. He is working with teams to accelerate innovation, collaboration and agility.

    Categories

    All
    Change Management
    Climate Tech
    Cross Silo Collaboration
    Data Driven Decisions
    Design Thinking
    Digital Transformation
    Entrepreneurship
    Headspace
    Hybrid Innovation
    Intrinsic Motivation
    Lean Startup
    Mindfulness
    Neuroscience
    Operational Excellence
    People Excellence
    Positive Leadership
    Productivity
    Slowdown To Speedup

    RSS Feed

    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    March 2019
    February 2019
    January 2019
    November 2017

© 2023 Hive17 Consulting Pte Ltd, Singapore (201318853R)
  • Hive17 Consulting
  • Core Programs
    • Antifragility Score
    • Keynote Speeches
  • Sustainability
  • Certification
  • Thoughts
  • About Hive17