They may not know it yet, but every company in the world is chasing innovation. To differentiate your business from the competition is critical, even if you don’t have the capacity to sell more than them, or the financial background to expand to other nations. You can totally rely on innovation management and innovation metrics to come up with bright new ideas. But the faster you start investing in innovation culture, the better results you will find, and the easier your innovation journey will be.
Even if you choose an innovation software, which we totally recommend, it is a great idea to keep rethinking about your plans, your ideas, your own concept of innovation. This way, your employees not only have a better view of your idea, but they can also come up with better plans.
- Innovation is about identifying opportunities, but also about developing down to earth ideas, and discussing processes with different teams for a better perspective.
- Another aspect we talked about on this post and that is completely worth mentioning in this chapter is the reality of your metrics.
- Not everything you are going to measure is what you are looking for, and not every metric is good for your analysis. Just like using every single innovation metric you can measure is a mistake.
- Listen to your team, discuss, prioritize, and make decisions based on those outcomes. And if you don’t get the expected results, learn, do it again. Find your unique way to innovate, and keep measuring impacts.
Even though there are many theories, plans, diagrams, and paths, every company is unique. And every metric should obey only their own definition of innovation.