
Is Your Company Everyday Inventive™?
Revolutionary ideas and quantum leaps get all the attention. EVERYDAY INVENTIVE COMPANIES survive and thrive. Being everyday inventive isn't about creativity, innovation, pivots, new products, or even patent applications; it's about basic good business -- everyday improvements, incremental progress, and great execution. Great execution yields better than expected results. Everyday inventive companies achieve the greatest financial returns. They create sustainable value.
RE:INVENTION's Ten Guiding Principles for Everyday Inventive Companies
Adapt and Embrace Change
Agility, simplification, reinvention, change-ups, improvisation, initiative, and incremental continuous improvements can all drive value and long term growth. Change is a force of possibility. Adaptive companies outperform companies with non-adaptive cultures by a factor of 900 to 1 as measured by long term net income and stock price growth. Small steps every day achieve big goals and sustain progress.
Delight Customers (and Non-Customers)
Engage with them, collaborate with them, listen to them, build their trust and lifetime loyalty. Obsessively mine knowledge about your customers – even non-customers – until you develop broad and deep insights. Then give them what they don't yet know they need.
Prioritize Your People
Employees are as important (if not more important) than your customers. Great employee experiences drive great customer experiences.
Promote Diversity
Diverse teams solve problems more creatively than homogeneous teams. Diversity delivers competitive advantage and encourages non-conventional thinking. Gender diversity, ethnic diversity, age diversity, diversity of experiences and perspective. In addition to promoting team diversity, you need knowledge of diversity issues in a global context. Think globally.
Mine and Leverage Hidden Assets
Using what you've got in unexpected ways delivers surprise utility. Look beyond the obvious. Consider resurrecting ideas that were once tabled. What hasn't worked in the past may very well work now.
Encourage Experimentation and a Culture of Play
Invite imagination, inspire questions, and reward/incentivize both success and failure. Encourage internal cross-functional collaboration, productive friction, good-spirited competition, and creative destruction – punishing only inaction.
Collaborate Externally and Bridge Boundaries
Open ethos cross-industry collaboration -- partnerships, alliances and coalitions -- can create favorable opportunities and sustainable advantage. Successful companies don't just reconstruct boundaries, they bridge them.
Resist Rigid Processes/Methodologies
Inject planning and discipline without locking into or mandating ridged processes and methodologies. By using agile/responsive approaches and flexible/adaptive frameworks, you inspire practical solution finding from the bottom ranks of the organization up.
Place Lots of Little Bets Then Double Down
Be comfortable with uncertainty and adopt Darwinism when faced with risk. Track, monitor, and measure. Summarize progress. Then advance what adds value -- emphasizing great execution -- "temporarily tabling" the rest.
Avoid Relying on One Idea or Strategy
Don't go "all-in" on one idea. Sustained growth requires a balanced portfolio of strategies and the management capabilities to implement them.
See a detailed explanation of RE:INVENTION's Ten Guiding Principles on RE:INVENTION's blog.
INTRODUCING The RE:INVENTION EveryDay Inventive Diagnostic Test
RE:INVENTION's Everyday Inventive Diagnostic Test™ calculates your company's ability to innovate amid change and prevailing market forces. With 15 simple questions, the test is a breeze to complete. We'll tally your score and give you a quick analysis. We'll compare your company's performance with data sorted by industry, organization size, organization age, and geography. Quarterly checkups can track your company's innovation progress and culture shifts.
MEET RE:INVENTION, America’s Business Turnaround Agency™
For over a decade, RE:INVENTION has helped companies create what’s next, redefine what's possible, spark innovation, and jump-start growth. We're agents of change™. We’ve served 100+ amazing clients, from Fortune 500 leaders to national non-profits and Inc. 5000 venture-backed startups.
Everyday Inventive and Reinventive Tips
Learn More Materials
The Everyday Inventive Blog
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Dear Chicago: Ignore Peter Thiel, Embrace the Edge
Thursday, September 22nd, 2016
Dear Chicago: Embrace the Edge and Ignore Peter Thiel. Diversity drives innovation and innovation comes from the edges. The post Dear Chicago: Ignore Peter Thiel, Embrace the Edge appeared first on REINVENTION, inc. | Chicago.
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How Could (X) Do (Y) and Win?
Tuesday, March 22nd, 2016
Want to improve your ability to predict unexpected competition and fortify your performance against current competitors? Try this reverse thinking exercise. The post How Could (X) Do (Y) and Win? appeared first on REINVENTION, inc. | Chicago.
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CHANGE MANAGEMENT: IS PROSCI DEAD?
Wednesday, December 30th, 2015
The key to successful "modern change management" involves a shift in perspective to "change leadership." The post CHANGE MANAGEMENT: IS PROSCI DEAD? appeared first on REINVENTION, inc. | Chicago.