How To Build An Innovation Ecosystem Inside Your Organization S13 Ep40

5 Steps To Building Support For Innovation

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Building an innovation ecosystem of support across your organization is critical to achieving success. Without it and you will struggle taking and idea and making it real.

innovation ecosystem

This week, we take a look at another listner question on how to get support across the organization.

Innovation Ecosystem

By building an ecosystem of groups and departments that you need support from to make your innovation successful, you greatly enhance your chances for success. This innovation ecosystem can consists of:

  • Operations (finance, IT, legal, etc)
  • Manufacturing/supply chain
  • Product development/services delivery
  • Sales and Marketing

Dealing With A Lack Of Innovation Support

Why is so hard to get them to support innovation? Many believe that with executive, or even CEO support, the rest of the organization will fall in. Top down “declarations” that innovation is important is NOT enough.

As an innovation leader, you need to create an environment that invites and encourages others to be a part of the work you are doing.

5 Steps Building A Strong Innovation Ecosystem

  1. Build innovation interface points across the organization. Treat them like they are part of your team. Their role is to be your evangelist inside the silo's when you need their support. Do NOT wait until you need them. Have the relationships well in place before the first crisis appears.
  2. Identify the “catching team” early. Who will own the innovation after launch? Get them engaged early. Don't ask for a lot of resources. Ask for a named individuals who will own it.
  3. Ramp up the resources. As an innovation gets traction, ramp up the resources from the teams as needed.
  4. Ramp down your involvement. At the same time as other resources are ramping up to support the innovation, you and your team need to ramp down. Minimize your role in leading the innovation effort. Instead, move the ecosystem to take on leadership roles.
  5. Let the catching organization get the credit. The easiest way to win over the innovation ecosystem inside your organization is to not focus/worry on who gets credit.

Incentive's To Encourage Support For Innovation

What incentives should/could be in place? Here are two examples:

  • # of innovations that resulted in new product/services.
  • % of revenue from new products/services launched in the last x years.

These are just a start. There is a lot more to consider when it comes to incentives. If there is interest in this topic, we will cover it in a future show.

Listen below to this weeks show to learn how to build a strong innovation ecosystem within your organization.
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