SlideShare a Scribd company logo
1 of 7
Download to read offline
Money too tight to
mention?
Innovation without the outlay
The problem
Having right-shored and right-sized the remaining
functions that haven't been outsourced and
entered into strategic alliances with your main
vendors your leadership team still needs to drive
out ever greater efficiency...
Basically "do more for less"
A simple solution
Help is at hand in one simple but very powerful
word - INNOVATE. It's neither as difficult nor as
expensive as you may think as nobody knows
more about your company and your clients than
your staff...
Harness all this brainpower to solve problems!
How to do it (1/2)
• Define a business problem needing a solution. Start
small but it has to be measurable
• Tell staff you need their help to solve this problem by
submitting ideas. Encourage participation with small
incentives, choosing one or more to progress into a
proof of concept
• Help build business cases and presentations with the
staff who submitted these ideas. This not only
empowers them and builds soft skills but also builds
an emotional attachment to the success of their ideas
How to do it (2/2)
• Have the leadership team agree on the strongest
performer from the proof of concept and scale up
into a full-blown initiative. If the other ideas are
also feasible and will provide incremental
improvements then enter them into an 'innovation
pipeline' where they can be regularly assessed
and progressed
• Measure the improvements, celebrate the
successes and repeat on a regular basis to keep
momentum and enthusiasm going!
Benefits... really?
Once this cycle gets going the benefits will roll in -
not just for the company but for the staff as the
chances are it'll ignite a desire for being inquisitive
and innovative.
Just make sure it's relevant, fun and inclusive
Does it really work?
Yes, it really does - why not try searching online for
'crowdsourcing ideas' and you'll find a famous
University doing something very similar! I've even
added the link below, to save you a couple of
seconds!
http://www.techweekeurope.co.uk/e-innovation/university-oxford-harnesses-student-lecturer-brain-power-
cloud-platform-156470?
utm_source=2014-11-27&utm_medium=email&utm_campaign=uk_techweekeurope&id_prob=49567_2697
49&t=6a3fecdb7a9890c80a4f3edcade458ce1445412

More Related Content

What's hot

Breaking Through the Transformation Pain Barrier - Julie Lindenberg & David M...
Breaking Through the Transformation Pain Barrier - Julie Lindenberg & David M...Breaking Through the Transformation Pain Barrier - Julie Lindenberg & David M...
Breaking Through the Transformation Pain Barrier - Julie Lindenberg & David M...
AgileNZ Conference
 

What's hot (20)

Wisdom Innovation Presentation
Wisdom Innovation PresentationWisdom Innovation Presentation
Wisdom Innovation Presentation
 
7 ways to encourage innovation your company
7 ways to encourage innovation your company7 ways to encourage innovation your company
7 ways to encourage innovation your company
 
Employee driven innovation
Employee driven innovationEmployee driven innovation
Employee driven innovation
 
How to Build a Product in 99 Days (Podcamp Toronto)
How to Build a Product in 99 Days (Podcamp Toronto)How to Build a Product in 99 Days (Podcamp Toronto)
How to Build a Product in 99 Days (Podcamp Toronto)
 
A Practical Guide to Early Product Development (AccelerateAB 2014)
A Practical Guide to Early Product Development (AccelerateAB 2014)A Practical Guide to Early Product Development (AccelerateAB 2014)
A Practical Guide to Early Product Development (AccelerateAB 2014)
 
Demystifying the product black box
Demystifying the product black boxDemystifying the product black box
Demystifying the product black box
 
The Challenge - Developing Innovation Capability
The Challenge - Developing Innovation CapabilityThe Challenge - Developing Innovation Capability
The Challenge - Developing Innovation Capability
 
Idea Management
Idea ManagementIdea Management
Idea Management
 
Managing Innovative Teams
Managing Innovative TeamsManaging Innovative Teams
Managing Innovative Teams
 
Innovative Leadership
Innovative LeadershipInnovative Leadership
Innovative Leadership
 
Nosco's masterclass about idea management on NPW World Tour Scandinavia, Febr...
Nosco's masterclass about idea management on NPW World Tour Scandinavia, Febr...Nosco's masterclass about idea management on NPW World Tour Scandinavia, Febr...
Nosco's masterclass about idea management on NPW World Tour Scandinavia, Febr...
 
Innovation Management Support - Accialini Training & Consulting
Innovation Management Support - Accialini Training & ConsultingInnovation Management Support - Accialini Training & Consulting
Innovation Management Support - Accialini Training & Consulting
 
Thales Conversation on Innovations points
Thales Conversation on Innovations pointsThales Conversation on Innovations points
Thales Conversation on Innovations points
 
Innovation lives in my organization 2016
Innovation lives in my organization 2016Innovation lives in my organization 2016
Innovation lives in my organization 2016
 
Assessing Business Potential (U of T Social Entrepreneurship)
Assessing Business Potential (U of T Social Entrepreneurship)Assessing Business Potential (U of T Social Entrepreneurship)
Assessing Business Potential (U of T Social Entrepreneurship)
 
The 10 Stages of the Business Lifecycle (by Jurgen Appelo)
The 10 Stages of the Business Lifecycle (by Jurgen Appelo)The 10 Stages of the Business Lifecycle (by Jurgen Appelo)
The 10 Stages of the Business Lifecycle (by Jurgen Appelo)
 
Breaking Through the Transformation Pain Barrier - Julie Lindenberg & David M...
Breaking Through the Transformation Pain Barrier - Julie Lindenberg & David M...Breaking Through the Transformation Pain Barrier - Julie Lindenberg & David M...
Breaking Through the Transformation Pain Barrier - Julie Lindenberg & David M...
 
Growth Hacking: The Human Operating System for Martech (Marketing Technology)
Growth Hacking: The Human Operating System for Martech (Marketing Technology)Growth Hacking: The Human Operating System for Martech (Marketing Technology)
Growth Hacking: The Human Operating System for Martech (Marketing Technology)
 
AGILE BEYOND SOFTWARE DEVELOPMENT
AGILE BEYOND SOFTWARE DEVELOPMENTAGILE BEYOND SOFTWARE DEVELOPMENT
AGILE BEYOND SOFTWARE DEVELOPMENT
 
Let's build great products for mid-size companies
Let's build great products for mid-size companiesLet's build great products for mid-size companies
Let's build great products for mid-size companies
 

Similar to Innovate for less

TrainingIndustryInnovationArticle-Mandel-Summer2015
TrainingIndustryInnovationArticle-Mandel-Summer2015TrainingIndustryInnovationArticle-Mandel-Summer2015
TrainingIndustryInnovationArticle-Mandel-Summer2015
Beth Boone
 
Changestartsherecultofinnovationss 140120145907-phpapp02
Changestartsherecultofinnovationss 140120145907-phpapp02Changestartsherecultofinnovationss 140120145907-phpapp02
Changestartsherecultofinnovationss 140120145907-phpapp02
Zenobia Beukes
 
POOJA S C CREATIVITY $ INNOVATION.pptx
POOJA S C CREATIVITY $ INNOVATION.pptxPOOJA S C CREATIVITY $ INNOVATION.pptx
POOJA S C CREATIVITY $ INNOVATION.pptx
PoojaSC3
 
Chilli sauce creds 20130412
Chilli sauce creds  20130412Chilli sauce creds  20130412
Chilli sauce creds 20130412
Chilli Sauce
 
Growth Fundamentals Q&A
Growth Fundamentals Q&AGrowth Fundamentals Q&A
Growth Fundamentals Q&A
Mike Barnes
 

Similar to Innovate for less (20)

TrainingIndustryInnovationArticle-Mandel-Summer2015
TrainingIndustryInnovationArticle-Mandel-Summer2015TrainingIndustryInnovationArticle-Mandel-Summer2015
TrainingIndustryInnovationArticle-Mandel-Summer2015
 
The Exchange - 14 Week Business Model Innovation Bootcamp
 The Exchange - 14 Week Business Model Innovation Bootcamp The Exchange - 14 Week Business Model Innovation Bootcamp
The Exchange - 14 Week Business Model Innovation Bootcamp
 
Changestartsherecultofinnovationss 140120145907-phpapp02
Changestartsherecultofinnovationss 140120145907-phpapp02Changestartsherecultofinnovationss 140120145907-phpapp02
Changestartsherecultofinnovationss 140120145907-phpapp02
 
Change Starts Here: Building a Culture of Innovation
Change Starts Here: Building a Culture of InnovationChange Starts Here: Building a Culture of Innovation
Change Starts Here: Building a Culture of Innovation
 
The Exchange 14 Week Business Model Innovation Bootcamp
The Exchange 14 Week Business Model Innovation BootcampThe Exchange 14 Week Business Model Innovation Bootcamp
The Exchange 14 Week Business Model Innovation Bootcamp
 
High performing-tool
High performing-toolHigh performing-tool
High performing-tool
 
Venture Path
Venture PathVenture Path
Venture Path
 
POOJA S C CREATIVITY $ INNOVATION.pptx
POOJA S C CREATIVITY $ INNOVATION.pptxPOOJA S C CREATIVITY $ INNOVATION.pptx
POOJA S C CREATIVITY $ INNOVATION.pptx
 
SeriouslyCreative Credentials
SeriouslyCreative CredentialsSeriouslyCreative Credentials
SeriouslyCreative Credentials
 
How to Innovate...Strategically: What Innovation Approach Should You Use When?
How to Innovate...Strategically: What Innovation Approach Should You Use When?How to Innovate...Strategically: What Innovation Approach Should You Use When?
How to Innovate...Strategically: What Innovation Approach Should You Use When?
 
Chilli sauce creds 20130412
Chilli sauce creds  20130412Chilli sauce creds  20130412
Chilli sauce creds 20130412
 
Employee and Organizational Development
Employee and Organizational Development Employee and Organizational Development
Employee and Organizational Development
 
7 ways to get more value from your precious customer insight
7 ways to get more value from your precious customer insight7 ways to get more value from your precious customer insight
7 ways to get more value from your precious customer insight
 
Growth Fundamentals Q&A
Growth Fundamentals Q&AGrowth Fundamentals Q&A
Growth Fundamentals Q&A
 
Innovation Workshops - MIT ID Innovation
Innovation Workshops - MIT ID InnovationInnovation Workshops - MIT ID Innovation
Innovation Workshops - MIT ID Innovation
 
Idea management - Why?
Idea management  - Why?Idea management  - Why?
Idea management - Why?
 
Pres 132 craig wirkus august 3 2016
Pres 132 craig wirkus august 3 2016Pres 132 craig wirkus august 3 2016
Pres 132 craig wirkus august 3 2016
 
InVision-Productivity
InVision-ProductivityInVision-Productivity
InVision-Productivity
 
The DNA of IDEA CHAMPIONS WORKSHOPS
The DNA of IDEA CHAMPIONS WORKSHOPSThe DNA of IDEA CHAMPIONS WORKSHOPS
The DNA of IDEA CHAMPIONS WORKSHOPS
 
Innovating in the social space
Innovating in the social spaceInnovating in the social space
Innovating in the social space
 

Recently uploaded

Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan CytotecJual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
ZurliaSoop
 
Structuring and Writing DRL Mckinsey (1).pdf
Structuring and Writing DRL Mckinsey (1).pdfStructuring and Writing DRL Mckinsey (1).pdf
Structuring and Writing DRL Mckinsey (1).pdf
laloo_007
 
!~+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUD...
!~+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUD...!~+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUD...
!~+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUD...
DUBAI (+971)581248768 BUY ABORTION PILLS IN ABU dhabi...Qatar
 
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al MizharAl Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
allensay1
 

Recently uploaded (20)

Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan CytotecJual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
 
Arti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdfArti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdf
 
Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1
 
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGParadip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
 
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfDr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
 
Structuring and Writing DRL Mckinsey (1).pdf
Structuring and Writing DRL Mckinsey (1).pdfStructuring and Writing DRL Mckinsey (1).pdf
Structuring and Writing DRL Mckinsey (1).pdf
 
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)Lundin Gold - Q1 2024 Conference Call Presentation (Revised)
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)
 
Cannabis Legalization World Map: 2024 Updated
Cannabis Legalization World Map: 2024 UpdatedCannabis Legalization World Map: 2024 Updated
Cannabis Legalization World Map: 2024 Updated
 
Power point presentation on enterprise performance management
Power point presentation on enterprise performance managementPower point presentation on enterprise performance management
Power point presentation on enterprise performance management
 
Falcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investorsFalcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investors
 
CROSS CULTURAL NEGOTIATION BY PANMISEM NS
CROSS CULTURAL NEGOTIATION BY PANMISEM NSCROSS CULTURAL NEGOTIATION BY PANMISEM NS
CROSS CULTURAL NEGOTIATION BY PANMISEM NS
 
How to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League CityHow to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League City
 
Falcon Invoice Discounting: Tailored Financial Wings
Falcon Invoice Discounting: Tailored Financial WingsFalcon Invoice Discounting: Tailored Financial Wings
Falcon Invoice Discounting: Tailored Financial Wings
 
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
 
!~+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUD...
!~+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUD...!~+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUD...
!~+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUD...
 
Falcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to ProsperityFalcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to Prosperity
 
Rice Manufacturers in India | Shree Krishna Exports
Rice Manufacturers in India | Shree Krishna ExportsRice Manufacturers in India | Shree Krishna Exports
Rice Manufacturers in India | Shree Krishna Exports
 
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al MizharAl Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
 
Falcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business PotentialFalcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business Potential
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
 

Innovate for less

  • 1. Money too tight to mention? Innovation without the outlay
  • 2. The problem Having right-shored and right-sized the remaining functions that haven't been outsourced and entered into strategic alliances with your main vendors your leadership team still needs to drive out ever greater efficiency... Basically "do more for less"
  • 3. A simple solution Help is at hand in one simple but very powerful word - INNOVATE. It's neither as difficult nor as expensive as you may think as nobody knows more about your company and your clients than your staff... Harness all this brainpower to solve problems!
  • 4. How to do it (1/2) • Define a business problem needing a solution. Start small but it has to be measurable • Tell staff you need their help to solve this problem by submitting ideas. Encourage participation with small incentives, choosing one or more to progress into a proof of concept • Help build business cases and presentations with the staff who submitted these ideas. This not only empowers them and builds soft skills but also builds an emotional attachment to the success of their ideas
  • 5. How to do it (2/2) • Have the leadership team agree on the strongest performer from the proof of concept and scale up into a full-blown initiative. If the other ideas are also feasible and will provide incremental improvements then enter them into an 'innovation pipeline' where they can be regularly assessed and progressed • Measure the improvements, celebrate the successes and repeat on a regular basis to keep momentum and enthusiasm going!
  • 6. Benefits... really? Once this cycle gets going the benefits will roll in - not just for the company but for the staff as the chances are it'll ignite a desire for being inquisitive and innovative. Just make sure it's relevant, fun and inclusive
  • 7. Does it really work? Yes, it really does - why not try searching online for 'crowdsourcing ideas' and you'll find a famous University doing something very similar! I've even added the link below, to save you a couple of seconds! http://www.techweekeurope.co.uk/e-innovation/university-oxford-harnesses-student-lecturer-brain-power- cloud-platform-156470? utm_source=2014-11-27&utm_medium=email&utm_campaign=uk_techweekeurope&id_prob=49567_2697 49&t=6a3fecdb7a9890c80a4f3edcade458ce1445412