It's time to stop talking about innovation
07:42Like
many other hyped and highly anticipated phenomena, innovation has reached its
saturation point, becoming a constantly used concept that simply isn't
delivering as much meaning and value as has been promised. That's not to say
the hype or potential impact of innovation isn't true. It's just that, as with
any other new technology or capability, the advocacy gets ahead of the reality.
There are several reasons we should stop talking about innovation, a few of
which I'll share in this post. Note that I'm not recommending we stop doing
innovative stuff, or stop building innovative skills, or stop hiring innovative
people, or stop taking on uncertain but interesting innovation challenges. All
of that should still go on. But, like the folks who love Fight Club, we should
learn the first rule: nobody talks about Fight Club. But the reasons are very
different.
First
reason: it's passe
The
first reason we should stop talking about innovation is that it is passe.
Everybody knows that innovation is important, and equally everybody "knows" that
it is unusual, infrequent and difficult. Thus, the more we talk about
innovation, the more it becomes a poorly defined word and concept that everyone
has heard of and everyone is already "over". We run a significant risk of
weariness and worse, cynicism if we don't stop talking about it.
Second
reason: it's meaningless
"Innovation"
as a word had a tremendous amount of power, once. But it's overuse and
intentional misuse has led us to the point where innovation means whatever the
speaker wants it to mean. While true innovation is complex, with many subtle
differences and a range of potential outcomes, we've mostly limited it to
incremental changes to existing products, while telling fairy tales about the
impossible disruptive innovators like Apple, who must require some magic pixie
dust to achieve those incredible innovation outcomes. Too often corporate
executives declare a new product or service "innovative" because that meets
their needs, regardless if there's anything new or innovative about the
offering. Thus, the word and concept has lost a lot of meaning. You shouldn't
be talking about innovation unless you can define it.
Third
reason: it's really about the customer and the outcome
Innovation
is in the eye of the beholder, frequently acknowledge by purchase or
acquisition. While we in the corporate world may call something "innovative"
the real measure is the product or service impact on the customer and the
competitive landscape. If customers and competitors shrug their collective
shoulders at what you think is "innovative", then there's a good chance that you
don't know what is innovative (see reason two). We need to stop talking about
what's innovative, and start talking about the measurable impact new products
and services will have.
Fourth
reason: it becomes an ends rather than a means
Innovation
is simply a tool to help you achieve outsized growth, profits and
differentiation. These need to be your targets, and innovation a capability to
help you achieve these goals. Far too often, innovation becomes the ends rather
than the means. We want to demonstrate that we are innovative in activities
rather than in outcomes. The more we focus on "innovation" and the less we
focus on the results, the more innovation becomes important and the more we
distract from or obfuscate the specific ends and means.
What's
true is that most corporations don't really care how they achieve goals like
greater profitability, increased revenue and significant differentiation. It
turns out that one really effective way to achieve those goals is through
innovation. But what get's lost in the conversation is how much innovation
activity contributes to real profits, revenue or differentiation success. When
we start framing our goals in this way, HOW we achieve them becomes less
important.
When
we stop aggrandizing the tools and start highlighting the purpose we hope to
achieve, the goals we hope to reach, we'll finally put to right the balance
between talking about innovation and actually accomplishing important corporate
objectives and goals.
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