At the same trends like the share economy and Digitization are pushing companies to re-think the way they innovate, to avoid creating products/services that would not be adopted. This new “innovation making process” needs also to leverage & possibly combine some of all types of innovation: Product, Service, Business Model, Process and Technology.
To achieve this you need to look at the way you go about innovation with a few critical questions:
– Where should you focus your innovation energies? Focus on innovation itself. Bring management into high-level discussions focused on innovation as a strategic business model. What obstacles do you face? What needs to change? Where should you dedicate your resources?
– When you have great new ideas, how do you move them to adoption? Get focused on process. Set up a clear idea management process supported by the latest technology. Then make sure that all relevant groups, from R&D to marketing, are oriented to this new process – so that when inspiration hits, you’re ready to move forward.
– How do you open up company culture for innovation? Start by knocking down the cubicles and bringing people together. Leverage a design thinking approach to solve all aspects, from the floor plan to portal and social media questions. Build networks that connect everyone to everyone – employees, partners, and customers alike
– How do you ensure that innovation takes hold as a business discipline over the long run? Work toward institutionalizing innovation and backing it up with executive oversight. Leverage experiences from experts on building and developing the role and responsibilities of possibly a Chief Innovation Officer.
To solve all those questions and more, we are leveraging the Innovation Management Framework (IMF). This Framework was developed internally to help to look at all the relevant aspects which revolve around:
• Strategy and Business Architecture
• Processes and Methodologies
• People and Networks
• Orchestration and Governance.
We are now using this at our customers and have developed a simplified assessment, which does not take long to fill, and is self-explanatory. The idea is to tick for each line, two boxes, the one where you believe you are and the second one considering where you would like to be.
You can find the questionnaire below as an attachment.
If you are interested to know more, reach out to me or even better, join us at one of the events we are organizing soon in Europe:
The SAP Innovation Management roadshow is coming to Europe. Don’t miss this unique opportunity to see how to effectively harness the power of enterprise-wide product, service, and business model innovation, based on best practices we are using internally.
• September 24th – SAP Lab, Sophia Antipolis, France
When you attend you’ll discover:
• The power of proven methodologies like design thinking and business model innovation to spark and develop value generating ideas about customer desirability, technical feasibility, and market viability
• Solutions for systematically capturing and developing ideas from across your organization
• How SAP uses the solutions to drive its own Intrapreneurship Program
• Our experience of managing innovation within our Service & Support organization
• Concrete examples of how our customers are using SAP Innovation Management to reinvent the future