Community Focus
Each week I’ll bring you organisations and experts doing great work to support entrepreneurs, innovators and leaders.
- I recently grabbed this book from Noah Kogan – Million Dollar Weekend: The Surprisingly Simple Way to Launch a 7-Figure Business in 48 Hours. Noah is the founder of AppSumo.com and he’s built a million dollar business seven times! Well worth a read.
👋 Hi Reader, it’s Vaughan. Welcome to my newsletter where I share insights and frameworks for becoming a sharper innovator, design thinker, founder, and leader.
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In this edition, we tackle the intricate challenge of overcoming status quo and building an innovation culture. Whether you’re dealing with risk-averse leaders, cautious colleagues, or anyone hesitant about innovation, this issue is your guide to break down the barriers.
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Let’s dive in.
Read time: 2.5 minutes
I posted this tongue in cheek poke at the mindsets of executive leaders. It was based on my 25 years in business and numerous conversations with corporate innovators. 🤣
Seems like many other people feel the same.
You can read the full post here.
Today’s issue focuses on helping leaders and teams put in place the building blocks that drive the right behaviours (and words) of a thriving innovation culture.
🧠 Leadership Support: Nurturing Innovation from the Top Down
Provide Strategic Guidance: A well-defined and communicated innovation strategy crucial to the overall organisational strategy. It outlines the areas of focus, inclusion criteria, and exclusion criteria.
Allocate Resources: The systematic allocation of resources earmarked for innovation, distinct from other departmental budgets including the R&D budget.
Foster a Portfolio of Ideas: The comprehensive exploration of the entire spectrum of innovation, ranging from efficiency improvements and sustaining innovations to groundbreaking growth innovations and new business models.
🚀 Organisational Design: Structure Provides the Foundations
Make Skills and Capabilities Accessible: Understand the importance of building bridges that connect innovative efforts with the organisation’s core functions. Learn how to integrate innovation seamlessly into the existing structure.
Bring Innovation to the Front: Navigate the organisation’s legitimacy and power dynamics. Uncover strategies to gain legitimacy for your innovative initiatives and leverage existing power structures for support.
Provide Rewards and Incentives: Explore the role of rewards and incentives in motivating stakeholders. Design incentive structures that encourage and recognise contributions to innovative projects.
🏋️♂️ Innovation Practice: Tools, Skills, and Processes for Success
Practical Innovation Tools: Provide essential tools that facilitate the innovation process. From ideation to execution, develop a toolkit that empowers you and your team to navigate challenges and drive successful outcomes.
Invest in Skills Development: Emphasise the importance of continuous skills development. Foster a learning culture that equips individuals and teams with the capabilities needed for innovation.
Process Management: Explore effective process management strategies for innovation. From idea generation to implementation, streamline processes for maximum efficiency and impact.
Here’s another way of looking at the same solution 👇
Read this post on LinkedIn
⚡️ Call to Action
In conclusion, overcoming status quo mindsets requires a strategic and deliberate approach.
By aligning leadership support, organisational design, and innovation practices, you can transform resistance into a driving force for positive change.
Here’s to breaking through barriers and achieving innovation excellence! 🌟
Did you enjoy this week’s newsletter?
Today’s article based on and credit to: The Invincible Company book by Alexander Osterwalder, Yves Pigneur, Alan Smith and Frederic Etiemble.
😎 Are you interested in an innovation implementation resource with tools and guides? It will include how you get buy-in and would be about NZ$15 (approx US$9). Click Yes or No
That’s all for today friends 👋
If you have an idea for a future issue, reply to this email.
Thanks for being here,
Vaughan
PS. See you in next Wednesday 6:45am NZ
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