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Innovation

By Jeffrey Thomson posted 08-13-2012 03:40 PM

  
Hi All,

Many of you have heard me discuss Innovation as part of IMA's broad strategic goal to create sustainable growth for IMA/CMA in terms of respect, influence and size.  Recall that one of our five Core Values in part reads "We believe innovation and a spirit of continuous improvement are engines that keep us relevant, vital and growing.  Our culture embraces creativity and seeks different perspectives". 

As part of its approved budget and long range strategic plan, IMA's global board of directors has made a serious commitment to the innovation journey in terms of training, education and financial support.  Our innovation credo, sourced from a famous innovator, is "don't let what you know limit what you can imagine".

As IMA better defines and accelerates its innovation process, now is the time to seek your input not so much on specific value-enhancing ideas, but on the innovation process itself based on your experience - for example, process to source ideas?  process to evaluate and screen ideas, remembering that prototyping often involves experimenting and "failing?  useful resources?  etc.

Thanks,
    Jeff
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Comments

Edward Safran
08-20-2012 01:31 PM

There is alot of information about the innovation process; just in this months Strategic Finance Magazine there is an article "Control vs. Creativity", which deals somewhat with this issue. What I have to add are some thoughts and sayings that I have kept over the years that might be good to keep in mind as the organization goes down this path. Maybe you will find some of these useful.
1. Managers manage; executives execute, but innovators envision.
2. There are unmet, unarticulated, and latent needs of existing and future customers that need to be satisfied.
3. "I skate to where the puck is going to be, not where it has already been", Wayne Gretzky
4. People support what they help to create.
5. Leverage existing assets.
6. "A problem cannot be solved by the same consciousness that created it". Albert Einstein
7. "The real difficulity in changing the course of any organization lies not only n developing new ideas, but in escaping the old ones" John Maynard Keynes
8. Everyone wants to grow, but most people just aren't willing to change in order to do so.
9. The perfect is the enemy of the good.
10. To us is looks like a bucket of water; to an ant it is a vast ocean; to an elephant it is just a cool drink; and to a fish, it is home.
11. Causation versus Correlation- know the difference.
12. Gentlemen, we have run out of money; it is time to start thinking.
13. The problem with communication is the illusion that it has occurred.