All successful companies are successful because they have a good system in the production of products or services, in sales, in human resources, in financing and in the rest. Systems bring more value. What about a lean innovation system?
We are sharing a series of 8 short blog posts. The individual components form a whole concept of a lean innovation system.
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Organizations used to innovate (almost) exclusively inside of their core industry. This made the process of managing innovations manageable. Organizations could rely on long-term planning, but nowadays, disruptions are coming from all sides. Not only in the form of cheaper, better or higher-quality products, but also in the form of completely new business models that completely disrupt and change the market.
Small, medium or big organizations. Everyone is looking for breakthrough innovations. The only way to fight this movement is that we join it and that we also invest our time and energy in open innovation.
We don’t have to innovate on our own. Besides our employees, we can include our suppliers, customers, users, universities, institutes, students, start-up ecosystem. We can also build partnerships with other companies and gain European funds to support us. Cooperation with external stakeholders can bring us a lot of new knowledge and experiences. It can boost internal innovation culture, grows our market recognition and builds our employer brand.
This is why open innovation represents a shortcut and a cultural challenge at the same time. We can collaborate with external stakeholders. First, on developmental infrastructure and new technologies. Second, on networks, access to new clients, partners and financing. Last, our stakeholders input simply brings a new batch of creativity to our team. We obviously can’t do everything and that is why priorities are important.
“Most innovations fail. And companies that don’t innovate fail.” ― Henry Chesbrough
Start your new year as Chief Innovation Officer – Apply for Certification Program here or join us at Lean Innovation Week!
