Generating new ideas and putting them forward can be an overwhelming and incredibly daunting process. Inevitably, with innovation comes change and to make positive steps towards innovation, you need an openness to new business approaches and calculated risks. This means moving away from a ‘safe’ space and having a more open mind.
Having the courage to take risks is crucial to become a truly innovative organization. We understand that this is easier said than done. Businesses want to protect themselves from failure and can tend to introduce too many rules and boundaries because of this. The more rigorous procedures that are in place around implementing a new idea, the more likely it is that the very foundations of the idea are lost in translation, resulting in a half-hearted implementation that never really reaches its full potential.
Nevertheless, by remaining open to new ideas and following the 8 pillars of innovation outlined above, you will be well-placed to execute a highly successful innovation strategy.