Future Readiness - Generating Innovation & Creativity Flashcards
Innovation vs. creativity
Innovation is the act of translating a new method, product, or idea into a service or good that creates value.
Innovation satisfies customers’ needs/expectations.
Creativity is the act of producing original ideas.
It’s possible to be creative without innovating, if you do nothing meaningful with the idea. It’s possible to be innovative without being creative, by implementing others’ ideas.
What is the value of creativity and innovation
- inventing new businesses or lines of business
- do more with less by increasing productivity and reducing cost
- fueling problem-solving and process improvement
- creating new products and services to meet new customer needs and preferences
- attracting employees who want to work in innovative environments
What are 6 ways TD can promote/support innovation and creativity?
- Promoting and supporting an innovative culture
- Helping leaders champion creativity and innovation
- Making creativity and innovation part of the culture
- Organizing for creativity and innovation
- Benchmarking
- Creating a common language
How can TD promote and support an innovative culture?
- build skills aligned with innovation, such as communication, collaboration, teaming, and problem-solving
- Encourage behaviors such as delivering feedback, celebrating ideas, and valuing diversity
How can TD help leaders champion creativity and innovation?
- help leaders develop skills to model them
- provide tools and training to recognize and reward creativity, risk-taking, and productive failure, engage in open communication, and provide frequent feedback
How can TD make creativity and innovation part of the culture?
- sponsoring brainstorming sessions, hackathons, and idea competitions
- setting aside times dedicated to creative thinking
- introducing innovation as a formal part of every job description
- making collaboration tools universally available
- developing and managing innovation labs
- encouraging creativity and innovative social networks
- creating virtual and live forums for suggestions
How can TD organize for creativity and innovation?
- happens most often in teams, so TD can help promote, train, and empower teams
- Embrace flatter structure, implement flexible work schedules, spread decision-making authority
- Develop people to serve as innovation champions
- adopt AAR as standard step in any project
- Create physical spaces that encourage creativity and the exchange of ideas and collaboration
How can TD benchmark?
study other orgs that are best at creativity and innovation and bring those lessons to the org they serve; ensures best practice and next practice
can be especially useful when adopting new technologies or finding ways to expand markets
How can TD create a common language?
- design thinking
- Lean approach
Both can provide discipline of common language
2 broad categories of creativity categories
Divergence
Convergence
Divergence
generating a maximum number of ideas from which to choose
Convergence
starting with many ideas and then analyzing, filtering, and combining them to get more new and better ideas
crucial in converting creativity into innovation because they help narrow ideas into something that can produce innovation
4 divergence strategies
Brainstorming -
Lateral thinking/perspective shifting
Analogy thinking
Benchmarking
6 convergence strategies
Mind mapping
Six Thinking Hats
Idea shopping
Clustering
Using paired comparison
Evaluation matrices
2 unique variations on brainstorming
reverse brainstorming - trying to accomplish the opposite of the current goal
random adjective brainstorming - applying random adjectives to ideas to spark more ideas
Divergence