Just In Time Innovation: Are you agile enough?
Thursday, March 20th, 2008Merriam Webster defines innovation as:
Function: noun
Pronunciation: \ˌi-nə-vā-shən\
1. the introduction of something new
Wikipedia adds some additional thoughts in this matter:
the change must increase value, customer value, or producer value. Innovations are intended to make someone better off, and the succession of many innovations grows the whole economy.
There is an important distinction between invention and innovation that often goes unnoticed:
An invention is an object, process, or technique which displays an element of novelty.
Inventions are first ever creations. Innovation is the tireless pursuit of creating value. Innovation isn’t isolated to products. In fact, innovation can occur in every business process, in every customer interaction, and in every activity that takes place within and around your business. It isn’t about being first. It isn’t even about being ideal. It is only about improving what you have and what your are doing to increase value for you, your customers, your products & services, and your business. Innovation is about staying viable in the market and refusing to succumb to the commodification of your business.
Let’s face it: the competition is out there. They are going to be working hard to increase their revenues. They are going to work hard at taking revenue from you. Can you afford to be the low cost leader when competing in a global marketplace where there are companies with employees and operation costs that are a fraction of yours? Or are you ready to take on a new way of thinking, a corporate directive that focuses not on driving down costs but instead on driving up value?
Just In Time Innovation is a simple concept: when the opportunity presents itself, make improvements. In practice, things get pretty complicated. This requires a whole new way of organizing yourself and a significant new importance placed on truly understanding your customer. The customer is your boss. The customer pays your salary and gives you your job. The customer is who determines if you’ve succeeded in providing value in excess of your costs. When you are successful your customers will buy your product and tell their friends.
There are many recent signals that a handful of companies are embracing this belief and are getting organized to innovate in new and exciting ways. Ben McConnel notes the launch of Starbuck’s My Starbucks Idea. Last year, Dell launched a similar initiative with IdeaStorm. And earlier this week I referenced a slightly different approach by Nokia and the use of Beta Labs.
Customers buy because the are seeking something. When a customer buys from you, is there any additional you could you could do for that customer? How do you know? Do you ask them? If a customer is asked “How else can we help you?” is that information collected? Is it available throughout your organization? Can your organization take that information and innovate?
If you don’t have a strategy and don’t have the tools, what are you doing to ensure your company is going to survive?
Disclosure: I am founder and Chief Evangelist of Whisper Labs. We offer a hosted web application that makes it easy to collect and manage customer ideas. Your customers know what they want. Some times, they even know what you can do differently in order to provide what they need. The best thing you can do is ask them: “What else can we do to delight you?”

