Ideo Studied Innovation In 100+ Companies–Here’s What It Found | Co.Design

  • tags: Innovation Innovative

    • Purpose, experimentation, collaboration, empowerment, looking out (i.e. staying informed about what’s happening in the industry), and refinement (the ability to successfully execute new ideas).
    • For instance, the metrics might show that a team is very purpose-driven, but lacking in collaboration; or a team might score highly on experimentation but less so on refinement.
    • Instead, when teams iterate on five or more different solutions, they are 50% more likely to launch a product successfully.
    • Everyone Should Feel Comfortable Challenging The Status Quo

      Anecdotally, we’ve all heard that team members who are unafraid to challenge the status quo–which often means the leadership–are a surefire way to encourage new ideas.

    • When a majority of team members who took the survey said that they felt comfortable challenging the status quo and acting with autonomy, the chances of a failed launch decreased by 16.67%.
    • “The factor that we’ve identified is that when it remains stable over time, the priorities aren’t constantly changing and the innovation projects and teams have a stable foundation that they can continue to work towards,” Aycan says.
    • As surprising as it might seem, teams that work together across distances can actually be more successful than teams with fewer remote workers.
    • deo’s data shows that the most innovative companies surveyed have between 25% to 57% of their employees working remotely, with an average ratio of remote workers at 41%. Teams with remote workers are 22% more successful in their initiatives compared to counterparts that are comprised of less than 15% remote collaborators.
    • For teams to truly work together seamlessly, they need to collaborate every day–which, amongst the companies using Creative Difference, led to 28% fewer failed launches.
    • “Teams that work together seamlessly across other business functions daily, compared to those that only update on a weekly or monthly basis, are 21% more likely to be successful,” Aycan says.
    • Ideo’s data shows that leaders–both executives and project leaders–who see their role as helping their employees reach their full potential are 17% more effective when compared to more top-down, traditional leadership styles.
    • “But the best organizations are able to empower more of their organization to identify tensions, equip them with ways to solve them, and be fair in terms of where budgets go and what they chose to work on.”

Posted from Diigo. The rest of my favorite links are here.

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