I came across an interesting framework for innovation in a slideshare deck by Benjamin Joffe, CEO of Plus Eight Star:
Obviously he has proposed this framework for explaining how an idea may be commercially exploited, in a new start-up kind of situation.
I was thinking about how one might re-interpret this framework for innovation within an organization, when the employees innovate and come up with new ideas and how it may be “exploited” in a commercial sense by others in the same organization.
I came up with the following framework – the “Research | Resolve | Reuse” approach:
In the Researchstage, we are facing a challenge/issue/problem and we are collecting all possible information related to it in the hope of coming up with a solution to it. (I agree that we don’t innovate only when we are faced with a problem, but for the sake of simplicity, I have considered this premise.)
As Frederik Haren puts it,
Idea = p (k + i)
Idea = person combining knowledge with information to come up with something new.
So, it is imperative to expand our knowledge and information on the subject in order to combine them in various ways to hit upon the one “idea” that will help solve the problem.
The Resolve stage starts as soon as we have hit upon a feasible/workable idea, and we develop it into a full-fledged solution in this stage. We may implement it as a pilot, receive feedback to incorporate changes and make it as perfect as it needs to be.
The Reuse stage involves “marketing” the innovation to others in the company for further adoption. We need to get into more details of the benefits of the innovation (ROI calculation), adaptability to other similar problem situations, extensions, modifications, etc.
Please let me know your thoughts!