• Managing innovation - creating value from ideas

  • By: john
  • Podcast
Managing innovation - creating value from ideas  By  cover art

Managing innovation - creating value from ideas

By: john
  • Summary

  • Innovation doesn't just happen. It's not like the cartoons - a lightbulb flashes on above someone's head and that's it. No - it's a journey and we need to understand how best to prepare for that journey, whatever kind of value we are trying to create. This podcast is about some useful lessons we might take on board to help develop our capabilities.For more, see my website:https://johnbessant.org
    © 2023 Managing innovation - creating value from ideas
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Episodes
  • Irrelevant innovation
    Apr 27 2024

    We spend so much of our time thinking about important innovation but maybe we should spare a thought for what might be called ‘irrelevant innovation’? And explore round the edges of this phenomenon — is it all wacky stuff or are there circumstances where it has more to offer? Is it a matter of framing, are we missing an innovation trick or two by dismissing such ideas too early?

    This podcast offers a suggested outline typology, a first shot at mapping the territory — feel free to add your own examples and categories….

    You can find a transcript here

    If you'd like to explore more innovation stories, or access a wide range of resources to help work with innovation, then please visit my website here.

    You can find a rich variety of cases, tools, videos, activities and other resources - as well as my innovation blog.

    Or subscribe to my YouTube channel here

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    18 mins
  • It's not (only) what you know...
    Apr 2 2024

    Innovation is a multi-player game. The image of the lone hero innovator is a myth. Even celebrated soloists like Thomas Edison or James Watt had their army of assistants working behind the scenes. Alexander Bell wouldn’t have been able to bring the telephone to the world without being able to demonstrate the device by having Mr Watson on the other end of the line when he famously told him to come in from the next room….

    Ask any entrepreneur and they’ll tell you about the networks they needed to bring their ideas to life; creating a valuable solution isn’t a simple lightbulb moment but a complicated journey drawing in resources, ideas, time and energy, (not to mention money), most of it coming from other people. Deconstruct any successful start-up and you soon have a cast of characters on stage, taking their bows as the audience recognise the shared creativity which has made the performance possible.

    And once we get beyond the initial pilot, the hard work really begins. The journey to scale is a tough one, takes time and has to negotiate some uncertain conditions on the way. The evidence is very clear, it’s a team effort and it needs plenty of external help.

    ‘Complementary assets’ is the technical term for the answer to the question of ‘who else and what else do you need to scale your innovation?’. The key point about them is that they lie beyond what you can bring to the party. By their nature they represent resources you need to find and work with; the trick is in assembling suitable partnerships to deliver them.

    This podcast explores the challenge of assembling and working with networks to deliver innovation value at scale

    You can find a transcript here

    If you'd like to explore more innovation stories, or access a wide range of resources to help work with innovation, then please visit my website here.

    You can find a rich variety of cases, tools, videos, activities and other resources - as well as my innovation blog.

    Or subscribe to my YouTube channel here

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    16 mins
  • Beating the scaling innovation blues
    Mar 13 2024

    Another innovation song....

    Last week I was helping run a series of workshops supporting social innovators from across the United Nations system in thinking through how they were going to scale their great innovations now that they had successfully piloted them and proved their value.

    Scaling innovation isn’t easy but it’s increasingly important if we’re to have real impact with our ideas. It’s got a lot in common with mountain climbing — a visible goal but a long journey through very uncertain conditions to get there. It needs a strategic approach, a clear idea of the pathway to the summit which we’ll follow and plenty of preparation and pivoting to help us get there.

    In particular we should pay attention to three key questions:

    · Have we got a solution which is ‘scale ready’? Is our innovation stress-tested to make sure it is replicable, adoptable, ‘rights ready’ and otherwise configured to be scaled in different contexts?

    · Have we got an organization in place which can build on our strong innovation team but also grow to meet the very different demands of scaling? Do we have the right structures to help us retain fast, flexible and inclusive decision-making? Have we got cash flow models which support us on the journey, balancing new sources of revenue and reducing our costs?

    · Have we got a value network of ‘complementary assets’ — the ‘who else?’ and ‘what else?’ that we need to bring our innovation to scale? Can we find relevant partners, form them into an ecosystem and then align their varying interests to get that whole to perform, delivering more than the sum of its parts?

    One way of helping the participants in our programme to think about and reflect on these challenges was to create a short song with the highlights embedded in the lyrics. So in the spirit of helping reinforce the learning I thought it would be worth sharing — you can find it here….

    And you can find the lyrics here


    If you'd like to explore more innovation stories, or access a wide range of resources to help work with innovation, then please visit my website here.

    You can find a rich variety of cases, tools, videos, activities and other resources - as well as my innovation blog.

    Or subscribe to my YouTube channel here

    Show more Show less
    5 mins

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