2. What makes
innovators
unique?
Source
BCG Diversity and innovation Survey
(2007)
45
Companies with above-
average diversity scores:
45% average innovation
revenue reported by those
companies.
26
Companies with below-
average diversity scores:
26% is the average innovation
revenue reported by those
companies
3. The Holy
Trinity of
Innovation
There is no magic recipe
But there are three key ingredients: 1)
Culture, 2) Systems and Processes and 3)
Talent. The three elements are intertwined,
because Culture with no strong Systems
and aligned processes is just wishful
thinking. And Talent will join and stay if
they fit the cultural environment and if they
think they will have the right incentives.
Culture
The purpose and the vision. What inspires and
defines your firm vis-à-vis your competition
Systems and Processes
The rules and the criteria; the rewards and the
incentives
Talent
The quality, the creativeness, their ability to
learn, are critical elements in driving innovation
5. Long Term Levers /
Short Term Quick
Wins
Identify Innovation Architects
Innovation Architects are people who
enable other people to innovate
Inspire! Inspire! Inspire!
Creativity needs nurturing, cross-
fertilization and change of contexts
Enable Free-thinking!
Innovative thinking is also free-thinking,
and therefore autonomy is a critical aspect
in ensuring innovation happens
Create Non Pecuniary Incentives
Beyond monetary incentives,
employees need to be reassured that risk-
taking is rewarded and not penalized
Foster Networking!
Networking promotes cross-fertilization of
ideas, sharing of experiences,…
Provide Innovative Project Tools
Promote a more innovative behavior, and
more efficient usage of resources
6. 01
02
03
Innovation
Architects
Enable Stealth-Innovation
Innovation under the radar
screen, to avoid current culture
kills innovative thinking
Nurture Creative People
They have the ability to nurture
creativity in their own people
Mentor the leaders
They should be training and
mentoring the leadership of the
firm
7. Non Pecuniary Incentives
People need to feel that risk taking is ok. They need to
receive incentives like: working on pet projects; time off;
time for a not-for-profit project; support for a cause they
care
- Loads of Hope started as a pet project
- Google offers server time for side projects
- Vouchers for Business Class upgrade
- Award for the least success project
9. Foster Networking
When you get to know the work life of
others in the organization – when you let
them know what you do and find out what
they are doing — the entire organization
benefits. For one thing, it helps everyone
get an overview of the company’s mission
in action, not just their own piece of the
puzzle. It’s clear that an organization
performs better and has lower employee
turnover when workers feel connected to
an organization’s purpose. Keep in mind
that when you network you are offering
valuable insights to others as well as
receiving them..
10. Autonomy,
Free-
thinking
Fail Fasten, Fail Often
Innovative thinking is also free-thinking,
and therefore autonomy is a critical aspect
in ensuring innovation happens.
Innovation is about failure
People need to know that they can “safely” fail
without jeopardizing their career
Innovation is about risk taking
Innovation requires out of the norm behavior,
which can only happen when people are free to
“move”
Innovation is free-thinking
Autonomy is a condicio sine qua for thinking
and behaving as an outlier
11. Innovative
Project
Tools
Make efficient use of time
How many of us have participated to
endless project update meetings, which
where merely a vanity exercise? How often
in those meetings, decisions are delayed
because people cannot get together?
Innovative project tool require a dichotomy
between making decision and sharing
updates: the first should happen with
people in the same room. The latter
exclusively based on digital tools. In the
middle, mentors with relevant experience
should be assigned to projects.
Digital Project Coordination
Upgrade “sharing” and “filing” to a digital
context, removing the need for endless
conference calls and boring meetings
Project Mentorship
Add a layer to the project, by identifying an
internal or external resource, whose job is to
mentor the project manager. This resource
should have relevant experience
War Rooms
Physical spaces dedicated to appointments
where relevant project participants meet to
make and test things, to take decisions.