Evans and I were working with a client on innovation, and during long car rides to visit that client we began to discuss the concept: the value of clear processes coupled with what we know about the talent patterns, skills and passions of people. We were not aware of an existing book that combined the innovation processes with the science of talent, and as a result we became enthusiastic about sharing this connection in the book.
Last month Price Associates team member Dr. Evans Baiya travelled to Africa to present at Nairobi Innovation Week. In its second year, the event was well attended and full of innovation and inspiration. We sat down with Dr. Baiya to learn more.
As Dr. Evans Baiya and I were researching innovation for our book, The Innovator’s Advantage, we came upon an astounding statistic: 85-93% of all innovations fail! We wanted to know why, so we dove deeper, using research and our years of experience helping companies with innovation and development. And we discovered one commonality: Leaders did not understand the role their people played in the success or the failure of innovation.
Innovation is a tough dart to land for many companies. Most organizations see the value of innovation, whether it be internal innovation that revamps processes and systems, or external innovation that creates a new product or service. They might even succeed in rallying teams around the idea of innovation and getting people excited about the possibilities, only to fall short before hitting the bullseye…
Are these personality types present in your team?
Innovation is fundamental to grow and sustain an organization. Yet when it comes to innovation, leaders often make the mistake of involving the wrong team members in the process, which ultimately stalls or kills the initiative. What if I told you there are just six high-performing innovation personalities that are all necessary to get the innovation job done? While every person on your team is capable of contributing to innovation, they all contribute differently. Personality matters when it comes…
How to think big-picture each and every workday
When I work with companies on innovation projects, whether it’s industry-changing new products and services or smaller-scale ideas to streamline internal processes, I often see leaders and their teams struggling to freely ideate and really dive into the brainstorm process. When they do finally get there, it’s a big aha moment, but it takes a while…
You have an idea to solve a problem or opportunity, whether it be a new process for your department or even a new business idea. So how do you figure out if your idea will actually work and if it’s sustainable? People often come up with ideas that could be significant, but they struggle with quantifying them to determine if they can be viable products, improvements, services or businesses with true value…