The Shocking Truth of Innovation and Improvement
In today’s highly competitive and global economy both 'improvement' and 'innovation' are essential for businesses to remain competitive.
Improvement aims for high and sustainable performance in existing business areas through continual and incremental gains.
Innovation aims for breakthrough resulting in stepwise gains.
In the past these, people saw these two as mutually dependent and approached them through the various 'silo' functional areas of organizations.
Benchmarking of best practices in use today provides strong evidence to support integrating improvement and innovation to achieve a coherent and powerful approach to sustainable business practices. Look for upcoming posts to explore the dilemmas leaders face in pursuing improvement and innovation concurrently. Other posts will share the benefits of successfully integrating them together.
In a recent workshop, participants created the following graphic from a discussion around the integration of improvement and innovation:
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How to leverage improvement and innovation through business-university collaboration
How to use change management planning for improvement and innovation
Identifying technologies, techniques and tools for improvement and innovation
How to use 'A Dog’s Advice' for measuring improvement and innovation
Secrets for building an effective improvement and innovation infrastructure
How to understand relationships between improvement and innovation and other disciplines
How to use virtual technology for improvement and innovation