Monday, March 16, 2009

The climate is Right for innovation

I would like to draw your attention to an interesting blog posted today by PNMsoft on innovation. I liked their realism, connected to a desire not to give up on innovation as a culture. Since I know the guys over there pretty well, you can assume that they have their feet on the ground and use innovation as a driver for furthering their business in a way to give benefit to their customers, rather than for its own sake. This helps them to keep the right balance and perspective during these uncertain times - happy reading!

Gartner's Kathy Harris is pushing the innovation agenda in her latest blog. "The climate is right for innovation and organizations that don’t change may lose their edge or even disappear. You can’t not innovate"

Kathy's innovation strategy is a bit ahead of its time.

Most companies are in the midst of the credit crunch. Their focus is on survival. Some will cut projects, some will cut staff. Long term planning usually gets chucked out the window in times like these. Innovation budgets are slashed. It takes real guts to be able to sit down calmly and think of innovation.

But when the panic dies down, and company execs realize that the new circumstances requires rethinking - they will find Kathy's strategy "spot-on". Companies will need to innovate in order to remain competitive. Most current business models are no longer sustainable.

"Innovation is the ability to see change as an opportunity - not a threat."

The current crisis (burning platform) is a great driver for innovation...

Click here to read more

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