Blended Learning Resources Facilitated Activity Leading Innovation in Your Own Organization – Assessment Activity Innovation is having new ideas and successfully implementing these ideas. It's often the result of gradual change; but innovation can also be revolutionary, the result of a breakthrough. Businesses with an innovation culture have several common characteristics. They show an organization-wide commitment to the business and to innovation, they experiment proactively, they manage risk, they implement ideas quickly, and they produce and cultivate innovators. As a leader, you can determine whether your company embodies the characteristics of an innovation culture by asking questions based on each characteristic's indicators. This will tell you whether your organization is strong or weak on a given characteristic. You can use this activity to analyze innovations you have led in the past by identifying the characteristics which were strong, those that needed improvement, and how you can improve them. You can also use this activity to analyze current and future innovations you are leading. Characteristics of an Innovation Culture Businesses with an innovation culture have several common characteristics. For your own organization, you should consider five characteristics of a business innovation culture. Show organization-wide commitment to the business and to innovation This commitment is achieved by making innovation a stated and modeled priority. In a culture that shows a commitment to the business and to innovation, people care deeply about their work, their coworkers, and their company. They're committed to the innovation that sustains the company and improves their workplace. It would be great if every employee fit this model, but that's usually not the case. Every organization has people who embrace innovation and others who will always resist change. Experiment proactively Companies that experiment proactively have a tendency to challenge the status quo. They think outside the box of industry standards and redefine value factors. Experimenting proactively also means having a willingness to take risks and try new things. Sometimes this involves taking a chance on an untested business proposition or pursuing a need in the market that's currently not being met. Manage risk Being an innovator doesn't mean blindly taking risks. Yes, risks are often a necessary part of any innovation project. But you must strike a balance between unrestricted risk taking and an overcautious aversion to risk. The balanced approach is to realistically assess the risks before moving ahead with new ideas. Implement ideas quickly Sometimes the winner isn't the company with the best new product, but the one that launches the product first. Being "quick" is about constantly being on the lookout for opportunities and quickly 1 © 2011 SkillSoft Ireland Limited SKILLSOFT BLENDED LEARNING RESOURCE making decisions at all stages of the innovation process. Speed in execution is also important – you must be able to rely on available resources and have competent, efficient teams. Produce and cultivate innovators In many organizations, great ideas often fall victim to the obstructive culture that prevails. You can have the best strategies and ideas, but if your company's leadership resists change, is uncommunicative, and lacks trust, your ideas won't help the company reach its true potential. 2 © 2011 SkillSoft Ireland Limited SKILLSOFT BLENDED LEARNING RESOURCE Assessment Activity This activity provides you with an opportunity to reflect on and analyze innovations you have led in your organization. It can also assist you in assessing current and future innovations. Fist, rate your organization for each characteristic of an innovation culture, and then answer the questions and complete the tables that follow. Ratings: 1 = Poor; 2 = Fair; 3 = Good; 4 = Very good; 5 = Excellent Characteristics Rating Show organization-wide commitment to the business and to innovation 1 2 3 4 5 Experiment proactively 1 2 3 4 5 Manage risk 1 2 3 4 5 Implement ideas quickly 1 2 3 4 5 Produce and cultivate innovators 1 2 3 4 5 What particular characteristics are strong? Characteristic Reason for strength Show organization-wide commitment to the business and to innovation Experiment proactively 3 © 2011 SkillSoft Ireland Limited SKILLSOFT BLENDED LEARNING RESOURCE Manage risk Implement ideas quickly Produce and cultivate innovators 4 © 2011 SkillSoft Ireland Limited SKILLSOFT BLENDED LEARNING RESOURCE Identifying weaknesses Which characteristics need improvement? What questions can you ask to discover the reasons for weakness? Identify the reasons for weakness. 5 © 2011 SkillSoft Ireland Limited SKILLSOFT BLENDED LEARNING RESOURCE What actions can you take to address the weak areas? Characteristic to improve Action to take Show organization-wide commitment to the business and to innovation Experiment proactively Manage risk 6 © 2011 SkillSoft Ireland Limited SKILLSOFT BLENDED LEARNING RESOURCE Implement ideas quickly Produce and cultivate innovators 7 © 2011 SkillSoft Ireland Limited