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When should it be used: Any organisation that wants to enable their staff who have an idea to “try it out” or do an initial market experiment. The secret is to make it as simple as possible for people to try these experiments for themselves. One thing you can do to fix this is to try more smaller-scale innovation experiments, which means you can run significantly more experiments, a lot faster, but at a fraction of the cost. What it is: Everyone always says that innovation is risky because you are investing money in things that are likely to fail. This does not mean copying what “innovative companies” like Netflix are doing (much of their famous HR Culture document would simply not work in many other companies), but instead seeing what impact their own processes are having, and how they can enable and encourage more innovative behaviours, from people at all levels of the company. When should it be used: Every company should look at itself frequently to find out how it can build its innovation culture in a way that is right for them.
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However, in every case, it is beneficial for a company to look inwards and see whether their people, processes and leadership are acting more as innovation enablers, or bottlenecks. The challenging part of this is that culture is a very personal thing, which will vary between companies, industries and regions. What it is: Rather than a specific theory or methodology, this is a business impetus to make sure that the corporate culture actually encourages innovative behaviour, instead of stifling it. However, there are more effective ways to innovate, as you will see further down this list. It is also useful for everyone in a company who might generate ideas (which in my view should be everyone) to have a basic understanding of what the principles are. When should it be used: If you really cannot come up with any solutions to a challenge, it might be worth going through the list of TRIZ principles. Copyright By FotoSceptyk – Own work, CC BY-SA 4.0, TRIZ suggests that by looking at whatever problem you are facing and comparing it to the 40 principles, you will find a number of ways to approach the finding of a solution.Ĥ0 principles of TRIZ. At its core, the framework is a collection of strategies and tools for finding inventive solutions to difficult problems.īy analysing thousands of patents which successfully solved problems, researchers determined that there were approximately 40 inventive principles which underlined the majority of these successes. The TRIZ acronym comes from it’s original Russian name, and in English it is often referred to as a “theory of inventive problem solving” or TIPS. What it is: TRIZ is a problem-solving, analysis and forecasting tool derived from the study of patterns of invention in the global patent literature. Together, they reduce the risk of failure, improve the success rate of new ideas and can help build an organisation which is more resilient to change and able to grow. In this article, I want to show you the 15 most important Innovation Frameworks and Theories which your companies need to be aware of and should be using. In fact, according to some estimates by Doblin, 96% of all new innovations which established companies attempt fail to make a return on investment.
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Yet the problem lies in the fact that so few established companies actually know how to go about getting value out of their innovation ambitions, let alone turning it into profit. In fact, creativity is becoming a core skill which companies know they need in the future. Every company says that innovation is important, and that they value the ideas of their people.