There are 3 billion people in employment worldwide. That is 3 billion brains having up to 70,000 thoughts per day. My calculator can’t compute the number that this comes out at but it is a huge one and these thoughts can translate into value for your business.
There’s money on the table, untapped potential just waiting to be unleashed
Now, what if you could structure your organisation in a way that encouraged and enabled your people to channel more of their thoughts in the direction of innovation? Imagine if your leadership worked to continually foster an environment where innovation was seen as everybody’s job, where new ideas were fostered and encouraged through an innovation engine which drove creativity and people were enabled to take action and deliver on the promise of the nascent ideas.
Some organisations achieve this. They have an Innovation Ecosystem
In our White Paper on The Innovation we share the principles and building blocks of The Innovation Ecosystem:
- Direction: A clear innovation strategy that is focussed on key opportunity areas and linked to the overall business strategy
- Environment: Leadership who talk about the innovation imperative, link it to strategy, are deliberate in the behaviours they demonstrate and create a culture where experimentation and customer closeness is encouraged
- Engine: An organisational framework which protects innovation and ensures it is not compromised by the relentless focus on day-to-day activity
- Enablers: The people structures and processes in place that develop the innovation capability of the workforce and rewards them for their innovation efforts
When these are optimised and in balance, your people are truly empowered to release their creative potential and the value that was locked inside their heads can be released in new opportunities for your business.
You can watch MOK’s recent presentation on The Innovation Ecosystem at Google’s Digital Academy below.