The recommendations from the recent Joined Up Innovation report and the ACOLA Report (The role of science, research and technology in lifting Australia’s productivity) highlighted the important role of tools, techniques and technology that drives success and prosperity. The recommendations are:
Building Australia’s future industries will depend on adopting technological innovation to develop high-value products and services.
- Look beyond start ups.
- Recognise that innovation is broader than the invention of new high technologies
- Take a holistic view, spanning from start-ups to SMEs, big business and other players
- Consider the potential smaller businesses hold to create wealth through innovation
So what does this mean to you, your team and your organisation?
- No matter how passionate, intelligent and hard working you are, the use of the right tool or technique or latest technology will dramatically improve your success. You don’t have to be the best in the world to be successful; you need to be good and use the right tools.
- There are many types of innovation, look to Doblin’s 10 types of innovation, to see the wide range of opportunities open to you. Product or service innovation is important and it is just a small part of an innovation strategy. Review the innovation you have completed in the last three year and analyse where success has come from. Where else can you innovate?
Where to next?
To be successful at anything you have to train hard, look to learn from others and focus on your performance. High performing sporting teams are a great analogy for high performing innovation teams. Next blogs will use the Tour de France as an analogy to understand how to be more successful through innovation.