Innovation How should we innovate?

  • Strategies
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    Continous

    Our innovation should be continuous

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    Incremental and radical

    We must not limit to incremental innovation alone!

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    cooperation

    Binding stakholders to work more for same goal.

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    Business model

    We should innovate new business models.

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  • Culture
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    Startup mentality

    We must build startup mentality within our organization.

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    Questioning

    We must have courage to question "the truths" of our business.

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    Failure accepted

    Fail fast and learn from failure

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    >Failure accepted

    ...but not without risk management!

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    Openness

    We need to openly share ideas and experiences.

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    Open idea sharing

    We need a tool to share ideas openly, over organizational borders.

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    >Open idea sharing

    Yes, get rid of silos!

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  • Processes
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    Involve customers

    Customers should be involved!

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    Competitions

    Let's have idea competitions.

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    Fast experimentation

    5-day experiments!

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    Personas

    User personas are used in service design. They could help us innovate.

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    Hackathons

    We could organize hackathons with our customers and partners.

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    Internal startup teams

    Our employees could form internal startup teams that would get training on how to innovate and sell their ideas.

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    More customer involvement

    We need to involve customers in our innovation process

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  • Tools
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    Social media

    Mining social media for needs and ideas is something we should try out sometime!

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    Project portfolio

    A project portfolio would make our processes systematic and transparent.

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    >Project portfolio

    We have a pilot project on this.

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    Idea wall

    This is a great tool!

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    >Idea wall

    We're using it already!

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  • Financing
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    Innovation equity

    Everyone in our company gets 1000 units of play money to invest in internal "startups".

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    Internal startup funding

    We should use development budget for funding internal "startup teams".

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    Percentage of revenues

    We should allocate a percentage of our revenues for innovation.

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