TRANSPARENCY
Rule 8:
BUILD A TRANSPARENT PROCESS AND REPORTING STRUCTURE
While building your innovation management program, you'll need to overcome skepticism. Innovators may experience the process as vague or fuzzy, and others may think it's all just a waste of time that can never result in actual benefits.
You'll need to show the complete process and report on key performance indicators (KPIs) to build trust, grow sustainable sponsorship, and engage your audience. Get further guidance on innovation reporting in the full article.
An idea on its own is nothing; it's the execution that brings value.
Roel de Vries, Innovation Management Expert
Video:
COFFEE BREAK WEBINAR
We originally published the “10 Rules” as a series of blog posts and asked our readers to submit their questions. We answered those questions in several short “Coffee Break” videos, which you can watch in the time it takes to enjoy your coffee, tea, or wine (hey, we don't judge your beverage choices!).
The fourth "Coffee Break" webinar answers questions on Communication (Rule 7) and Transparency (Rule 8). Check it out!
TAKE-AWAYS
1.
Create a transparent process that takes away the fuzz and prevents skepticism
2.
Don't use conventional metrics to assess new-to-the-world options
3.
Grow your reporting with your program’s maturity
Related Content:
MORE ON TRANSPARENCY
Over the years, many bright authors have shared their voice on the topic of Transparency on the HYPE website. Here are our top three publications.
Innovation is the specific instrument of entrepreneurship, the act that endows resources with a new capacity to create wealth.
Peter Drucker
Music:
THE INNOVATION MANAGER'S PLAYLIST
The Weight
The Band
Explain what's coming when you send people on a journey.
Murder On The Dancefloor
Sophie Ellis-Bextor
Don't kill the innovative groove by requiring old-fashioned moves.
Satisfaction
Otis Redding
ROI for something we might launch two years from now? No, can't do...
Questions?
WE'RE HERE TO HELP!
We hope the "10 Rules of Innovation Management" is valuable and you can use these best practices in your own program. At the same time, we understand that every company and innovation management program is different, so you might need a hand in implementing these learnings.
Enterprise Innovation Consultants
HYPE’s Enterprise Innovation Consulting (EIC) team offers full support. From strategic planning to hands-on implementation and execution, our team of consultants are there to help you succeed. The EIC team focuses on people and processes that - next to a platform - are required to create real business value. Leave your details, and we'll reach out to discuss your needs.
