Innovation Tips
...ideas for building collaborative innovation
November/December 2008
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Credit has dried up; people are being laid off. Corporations are cutting back on production and services. Some, like the stalwarts GM and Ford, may declare bankruptcy. Wall Street has been decimated—the "masters of the universe" have been canned. The financial net worth of people around the world has plummeted.

These are the times that are ripe with opportunity.

These are the game-changing moments when abrupt discontinuities rupture gaping fissures in the implicit rules and presumptions of economic enterprise. Every new fissure is a window of opportunity—full of new light and nourishment—for the germinating flower of innovation.

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These are the moments that innovators dream about—when all of the traditional operating rules and presumptions are challenged. Without shocking and anxious episodes like the one we are in, antiquated practices and outworn presumptions continue to govern business as usual.

This is clearly no longer business as usual.

Everything, from top to bottom, is in flux. The traditional jigsaw puzzle picture of normality has just been tossed in the air. A new puzzle picture is interactively in formation as pieces acquire new attributes creating a remodeled landscape.

Seldom do opportunities for innovation arrive in such abundance. These are not the simple innovations that are the stuff of day-to-day operations. Those are always available.

This is a thunderstorm of wrenching discontinuities. These startling and abrupt continental shifts in the economic landscape seldom arrive with such devastating momentum. In a heavy storm, there may be much rain, but the flower of strategic innovation gets plenty of nourishment.

Where will the flowers of renewing strategic innovation most likely bloom? We will find them in changes in market structures and changes in perception.

This is a time that people in organizations everywhere should be pausing to evaluate their own strategic opportunities for change. This is the key question to ask: What changes in perception or in market structure might we capitalize on as opportunities for strategic innovation?

Here are a few broad examples of the sort of answers those questions might elicit:
  • General Motors, Lehman Brothers, AIG and other very big names have changed the perception that bigger is better and more secure.
  • Smaller, tightly focused organizations will gain market footing.
  • People will become more self-reliant and parsimonious.
  • Sovereign governments around the world have just taken a big step in the direction of global coordination.
  • Homeowners will think again about assuming that their house is an investment.
  • The assumption that top management knows best and deserves its unbalanced compensation has just been upended.
  • The luster of American financial stability has been badly tarnished.
  • Individuals and organizations will be less inclined to regard debt as a carbonated beverage.

What are the changes in perception or market structure that may touch your organization? Take some focused time to review them with others in your organization.

The changes you notice constitute fissures in the hard rock of business-as-usual that have exposed fertile new soil for the flower of strategic innovation. Cultivate that soil and watch the flowers bloom.

jgj
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