How to Harness Innovative Thoughts and Make Them Reality

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Andrew discusses his cycle of innovation and walks the listener through the process so they can set the wheels in motion and make their own innovative thoughts become reality.

The Cycle of Innovation

Operational Excellence Global View – How the Big Name Companies Achieve It

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Andrew discusses how successful companies use innovation, speed and managing/attracting talent, to achieve operational excellence.

Helping Your Customers With Innovation

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Andrew shares tips on how to develop new processes for the identification, evaluation and adoption of innovation.

Having an Innovative Corporate Culture

Andrew explains how to determine if your company’s innovation process is working well, and how to manage it.

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Innovation is more successful when formally managed

According to a recent survey by the Conference Board of Canada, more than half of the 450 companies surveyed have no formal innovation process. How is that possible? And we wonder why Canadian companies lag behind other countries in developing and implementing innovation.

Creating a process to manage innovation is not that difficult. Frankly, most organizations are probably already doing it in an informal way, but there’s no doubt they are missing some important components. Here’s a cycle of innovation organizations can use as a guide.

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Within this cycle of innovation, there are some questions organizations should be asking:

  • Where are the innovative ideas coming from? Where should they come from?
  • How do we evaluate the ideas to ensure we move forward with the right ones?
  • How do we know if an idea was successful or not? How do we measure progress?
  • What plan do we need to execute in order to turn the idea into something commercially viable?
  • How do we compare against our best competitors?

In a complex and inter-connected world, organizations can’t afford to miss any opportunity for an advantage. Managing innovation according to the process above may just give you that advantage you need.

Click here for more details on this cycle of innovation.