Innovation has nothing to do with how many R&D dollars you have. When Apple came up with the Mac, IBM was spending at least 100 times more on R&D. It’s not about money. It’s about the people you have, how you’re led, and how much you get it
Rule for Day 9- Management Systems and Implementation – the Steering Committee
Create a steering committee to lead and coordinate the innovation initiative. The chief innovation officer is usually the chief executive. He is supported by the innovation champions and at least two members of the top management. This committee should conduct weekly reviews. They will ensure smooth process flow while inspiring the teams to deliver results.
The duties of the innovation champion will be as follows:
- Ensuring that the innovation spirals meet regularly,
- Organizing the training of the trainers and others on an ongoing basis.
- Regularly following up to ensure that the tasks agreed to are carried out.
- Facilitating collection of monthly reports and preparing a consolidated report.
- Handholding teams, encouraging and promoting innovation across the company.
The steering committee meets once a month to review and take corrective action. The floor should be kept open for those who would like to participate. All teams can meet to gather forces for implementation.
They should ensure that support is provided for innovative projects with potential.
Dr. Rekha Shetty