Matt Mueller
In our latest Innovate On Purpose podcast episode, Jeff D. Standridge, Ed.D. Managing Director of Innovation Junkie shared invaluable insights on fostering innovation within organizations. Here are the key takeaways:
Planned Change for Betterment: Innovation is not just about new technology. It’s about planned change aimed at improving efficiency, productivity, and reducing costs.
Three Types of Innovation:
- Incremental: Small, continuous improvements.
- Breakthrough: Applying new technology to existing models.
- Disruptive: Innovations that completely displace existing technologies.
Strategic Approach: Start by identifying a critical problem or opportunity. Ask, “What one thing, if solved, would be a game changer?”
Balance and Execution: Ensure your innovation projects align with your organization’s capabilities and resources.
Cultural Integration: Make innovation everyone’s job by creating mechanisms for idea contribution and fostering a culture of innovation.
Leadership and Innovation: These are inseparable. Leaders must guide and influence the innovation process to ensure successful implementation.
Customer Discovery: Validate your ideas with potential customers through unbiased questions to ensure market fit.
Fall in Love with the Problem: Focus on solving significant problems rather than being attached to initial ideas.
Jeff Standridge’s innovation leadership blueprint offers a structured approach to achieve sustained growth. For more details, contact Jeff at jeffs@innovationjunkie.com or connect on LinkedIn.
Listen to the full episode for more insights!
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