From the data at hand it looks like we are coming out of the GFC. There are some sectors that appear to be doing well, the obvious ones being resources and finance. And there are other sectors that are still struggling a bit. Either way one of the big challenges that we all face is to be innovative. The term innovation is linked to creativity and hence it can have connotations of something a bit arty or airy-fairy. For us, when you boil it all down, the essence of innovation is simple- doing more with less.
Doing more with less builds efficiency within a business. Doing more with less allows us to both streamline our business or expand knowing that we have some margin of error. Doing more with less creates new and exciting work environments and minimises the stress its members feel. This leads to a better work life balance, which is one of the big focuses of organisations these days.
In an increasingly competitive market place and as the pace of change only accelerates, the businesses that survive, let alone thrive into the future are the ones that develop a strong ability to learn fast, adapt to market changes and facilitate the challenge of multiple and often competing demands.
Yet given all this, how do we be more innovative. We have found that being innovative is not some magical gift that some teams have and other don’t. Being innovative is a skill. And like any other skill, it can be learned, developed and fine tuned. For this to happen we need to place an inherent value on innovation and creativity. We need to set time and resources aside to invest in this skill development, perhaps even get some coaching around it. And we need to trust that if invest wisely in our ability to be innovative then the return on that investment will add value not only to our people and our products and services, but also to the mark our organisation leaves on the corporate landscape.
To find out more about True North’s THINC innovation program visit this link: http://truenorthlearning.com.au/problem-solvers/thinc.php