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Goldfire Community of Innovation: Roadmap to Sustainable Innovation

  
  
  

By Mark E. Atkins

As I reflect on my meetings in Europe last week, I am encouraged by the enthusiasm, dedication, and successes of the customers with whom I had the opportunity to meet.  From next-generation plastics to life-saving pharmaceuticals and medical devices to revolutionary automotive and aerospace designs, these companies are forging exciting new paths in innovation. And these organizations are demonstrating a real appetite for accelerated and sustainable innovation – the kind of repeatable, value-driving innovation that leaves a company’s competitors in the dust.

For several months now, I have been reading one industry survey after another surmising that while most CEOs and other C-suite executives of market leaders and market laggards alike tout their commitment to innovation, they are unwilling to take the steps necessary to making innovation a sustainable practice across their organization. As a result, companies’ innovation efforts are ‘falling short’ and satisfaction with overall innovation ROI remains relatively low.  Sure enough, amongst our prospects and even some of our customers, we are also finding that companies are really struggling with how to consistently execute on innovation on a broad scale – but why? 

Certainly there are all sorts of roadblocks that can contribute to a company’s detour on the path to innovation – lack of focus, risk aversion, focusing on the short-term at the detriment of long-term business objectives, lack of vision, poor funding, poor execution, etc.  But, what we have found is that these roadblocks are really just symptoms of the problem.  Nearly every executive and innovation practitioner I meet with absolutely wants to innovate more efficiently and effectively – they are just unsure of how to get started.  

Goldfire Community of Innovation™
What companies need is a conceptual and operational roadmap that helps them build out a community of innovation gurus and specialists and establish innovation as a purposeful part of their organization’s culture. Goldfire Community of InnovationInvention Machine’s Goldfire Community of Innovation does just that. 

Powered by Invention Machine Goldfire, Goldfire Community of Innovation is a comprehensive program that integrates innovation best practices and infrastructure to knowledge-enable engineers, scientists and researchers - building innovation competence around key innovation activities to accelerate new product development, entry into new markets, and more.

Goldfire Community of Innovation supports:

  • Knowledge.  Knowledge-enabling engineers, scientists, and researchers via the Innovation Intelligence Ecosystem™.  Empowering innovation workers with precise access to relevant knowledge enabling them to more efficiently and effectively deliver on innovation.
  • People.  Innovation Skill Development; building a core community of innovation practitioners and a team of innovation specialists.
  • Process.   Integrating innovation best practices with mission-critical business processes; Enhancing the efficiency and effectiveness of community activities and strategic processes
  • Collaboration.  Establish a framework for community problem sharing and solving.

Goldfire Community of Innovation can also help organizations establish an Innovation Center of Excellence which drives the successful deployment of innovation best practices in support of the enterprise’s goals - bringing uniformity and repeatability to innovation across all domains of the organization. 

With Goldfire Community of Innovation, organizations are guided step-by-step down the path that transforms them into high-performance innovation machines – making even the best performing companies even better, more competitive global enterprises. 


 


Comments

Mark – this is an insightful and actionable set of observations coupled with some great recommendations that senior execs can implement – “starting Monday.” 
 
In my work with large, technology driven companies -- especially in chemicals, advanced materials, electronics and solid state lighting – those that consistently sustain a leading position in their respective industries all share a common set of attributes:  
 
1) Innovation is treated as much more than an interesting concept or a series of signs hanging in employee breakrooms – it is an integral part of corporate strategy and fully supported across the company at the highest levels.  
 
2) They have vigorous and empowered centers of innovation (often more than one) that are integrally involved in all new product development and technology commercialization initiatives.  
 
3) Far beyond merely asking customers for what they want and suppliers for ideas, they have found ways to actively engage leading customers and suppliers into the overall innovation process at key junctures.  
 
4) They have recognized that not all employees are equally adept at participating in the innovation process, and have identified those “gurus” best suited to help drive innovation efforts most effectively.  
 
5) They have implemented robust systems that not only interconnect these “gurus”, but also equip them with automated tools to manage and accelerate core collaboration processes.  
 
In my experience, significant, sustainable innovation generally does not arise from having the largest crowd in your crowdsourcing outreach program, but through a streamlined and disciplined process that links motivated communities of technical, product management and marketing expertise in a highly collaborative environment. 
Posted @ Thursday, March 31, 2011 10:31 AM by Peter G. Balbus
Do you have a tool to the selection of the best profiles for a CIO`s and his team? 
 
 
 
Thanks.
Posted @ Thursday, March 31, 2011 10:45 AM by Noel Torres
Pep talks like this one may be useful but they do not address the key points that we live in a finite world with an exponentially increasing population. Economists are fond of quoting the basic physical law that mass and energy are conserved and then concluding that we can support a finite population indefinitly. Their application of the basic conservation laws to our economy neglects the Second Law of Thermodynamics which limits the amount of useful work that can be obtained from a closed system. The sun which can act as a finite external source for a few billion 
 
years. Just how many future should we be concerned about anyway.
Posted @ Thursday, March 31, 2011 11:19 AM by William Culver
Re: Peter Balbus, 
The two elements I would add is that companies that seem to get it right, tend to both grow and equip the Gurus of innovation in their midst. Gurus are not born that way. Sure, some are more predisposed to it than others, but with the right tools and training, vast majority of people can do amazing stuff.  
Re: William Culver,  
The whole point of innovation is to change one of the fundamental economic variables: the technology of design, technology of thought, technology of process and of the tools. Closed system or not, the world has the capacity to support many fold the life that we have.
Posted @ Thursday, March 31, 2011 11:06 PM by Oleg Tumarkin
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