2015 Innovation Best Practices Survey

An Innovation Best Practices survey conducted by MindMatters Technologies (republished in Forbes) reveals that a significant percentage of workers believe that their efforts are not sufficiently appreciated or managed within their organizations.

Specifically:

  • Three of four respondents (77%) said their ideas are poorly analyzed or reviewed by their companies,
  • Four of five people who took the survey (81%) said their firms do not have the resources needed to fully pursue the innovations and new ideas capable of keeping their companies ahead in the competitive global marketplace,
  • Half the respondents (55%) said their organizations treat intellectual property as a valuable resource,
  • One in seven (16%) believed their employers regarded its development as a mission-critical function,
  • Almost half (49%) believe they won’t receive any benefit or recognition for developing successful ideas.

One of the most outstanding results was the question, “Do you believe that there are adequate resources available to pursue new innovations and ideas in your organization?”, where over 80% answered negatively.  Unfortunately, this is typical in many organizations, and it is one of the leading reasons why I’ve seen innovation fail.   In the most extreme cases, it turns the entire innovation process upside down by forcing the innovators to justify (again) their ideas to someone who has to “make resources available.” It usually means that resources are taken away from another project and/or that the threshold for getting the resources is extremely high. If management is truly committed to innovation, then the innovation team is trusted with a “budget” to make resource allocations. We already know that not all innovations will be successful, and making an upfront resource commitment means that management is committed for the long term–a critical element of success.