ideaspace-bootcamp

ideaspace-bootcampWhere you work is how you think. Your immediate surroundings determine your mindset, the way you generate ideas and solve problems. You can’t break institutional barriers within the walls of your everyday workspace. If radical change is what you seek, create your own idea space–a discrete location away from workplace distractions where you can cultivate and share new knowledge. Think of it as a retreat, a refuge, an escape from the constraints of office culture.

An idea space is as much mental as it is physical. Idea spaces spark wild energy as like-minded people come together and brainstorm new initiatives. Dislocating from the typical task-oriented work mode helps us gain the freedom of mind and insight necessary to produce great ideas.

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big-data

Innovation is not an event. It’s a long process that depends on incremental changes along the way. These small adjustments may not seem momentous on their own. Yet in their context, they can be game-changing. Figuring out how to cook a pizza thirty seconds faster doesn’t sound like a big deal, but when you make seven million pizzas a day, that tiny alteration suddenly has a major effect.

These kinds of modifications to an existing procedure are called process improvement systems. This form of innovation emphasizes the craft of production. Implementing apparently small but ultimately significant enhancements is a reliable and stable way of ensuring sustainable growth.

Process improvement systems will lead you to any of the following goals:

  • Optimizing resource use
  • Managing complex activities effectively
  • Aligning organizational design with key processes
  • Establishing and articulating clear roles and responsibilities

First, discuss the issue at hand and identify the problem that needs to be fixed. Ask yourself these questions: how does it occur? Where does it occur? When does it occur? Whose problem is it? These will help you select opportunities for improvement.

Try multiple options at the same time and then reconvene in two or three weeks to see what’s working and what’s not working. Now, determine the opportunity with the highest success rate and integrate these process improvements on a large scale.

Once you’ve made the change, it’s time to extend what you’ve learned. Develop simple rules of thumb based on the lessons learned–rules that you incorporate into the existing structure and procedures of your organization:

  • Technical rules: best ways to perform certain tasks, tricks of the trade, safety procedures
  • Situational rules: time allocation, priorities, boundaries
  • Behavioral rules: actions, values, attitudes
  • Leadership rules: leadership styles, mission, esprit de corps
  • Financial rules: expense approvals, rates of return, budgets

In our age where big data reigns, it’s easier than ever to find out what’s going wrong. And it’s just as easy to quickly model the things that we can do to fix these mistakes. Innovation doesn’t always have to be radical. The beauty of process improvement systems is that nothing big or unexpected happens. Surrender your imagination to the facts at hand. Don’t try to seek out a grand vision when a smaller change will do. Remember that sometimes doing more with less is the best solution.

256e450

Forget what you’ve heard about comparing apples to oranges. It’s often helpful to put your organization’s diverse projects alongside each other and compare them. This is the point of maintaining a portfolio: to treat initiatives like investments and to weigh them against each other, balancing and maximizing the relative worth of these projects through disciplined decision-making and resource allocation.

Portfolios are objective, decisive tools that ensure a safer path to value. Since a portfolio depends on quantitative data and logic, it is an effective way of evaluating priorities in your organization. It will help you determine which projects are worth pursuing and which ones you should throw out. (more…)

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