Gotchas to watch-out for…Insights from the #Alberta #Innovation Peer Forum meeting on Tuesday.
Thanks for Mike Procee, MBA, P.Eng. and Shannon Phillips from Unbounded Thinking for hosting and gathering a group of energetic, creative thinkers!
We asked the question “What are the risks of Innovation?”
Innovation is good but here are 5 gotchas to watch out for:
1) New ideas don’t work and innovation creates a bad impression.
Solution: Have many ideas, regular updates on wins and learning.
2) People not on the innovation team feel left out.
Solution: Get their input, share updates, reiterate their role is important to keep the business running.
3) It costs too much.
Solution: New ideas often cost more at the start. Start small and scale fast, evaluate.
4) Too many ideas and not enough delivery.
Solution: Quick wins, regular updates on progress, cut ideas that don’t deliver.
5) Innovation dies quickly.
Solution: Ongoing ownership of the innovation into operations and sustainment.
What risks of innovation do you see?
Comment below.
Really enjoyed the brainstorming with
Iain Montgomery
Tim Duthie
Alex Bruton, PhD
Janay Meisser
Nathan Klassen
and many others!
