Optimise – Elevate Business Performance
In the words of Steve Jobs, “Innovation has nothing to do with how many R&D dollars you have. When Apple came up with the Mac, IBM was spending at least 100 times more on R&D. It’s not about money. It’s about the people you have, how you’re led, and how much you get it. It comes from saying no to 1,000 things to make sure we don’t get on the wrong track or try to do too much.”
We at Aspiring Team work towards:
Scanning: Looking outside your organization’s four walls at features like customer needs / dis-satisfiers, competitor moves, new technology and regulatory changes
Invention: Formulating ideas that potentially add value and create a sustainable competitive advantage
Collection: Gathering ideas into a single repository
Selection: Identifying and approving few ideas to enter the implementation phase on the basis of a set criteria.
Implementation: Not all selected ideas are implemented. They are implemented on the basis of their types. This phase could be a “big bang” or in two or more phases.
A strong orientation toward innovation is measured by the volume of ideas, as well as the ratio of quality ideas.