innovating change in your business

Innovating change in your business

Abby Clifton

October 2012

Traits of a Change Ready Organisation

• Market Aware

– Are you understanding disruptive business models? What are emerging trends? Are you market relevant?

• Leaders committed to learning and innovating

– How committed are you to learning and innovating?

• Culture of Learning & Innovation

– How do you facilitate and reward collaboration, failure, exchange of ideas, doing vs planning?

• Process to Innovate

– Do you have methods to bring ideas into fruition?

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Market Aware

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Don’t be…..

-ed

Market Aware

Understanding the technology and social trends that are impacting your business now and what are likely to be

future trends are key.

Being “market aware” and agile allows you to take advantage of new opportunities and gain an edge on your competition.

If you are not paying attention, then you are likely to become “Amazoned” and find your business left behind chasing companies that embrace opportunity and innovation.

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Market Aware

• Disruptive Trends

• Labour Market Trends

• Social Trends

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Market Aware

The previous slide provides examples of companies that partner market awareness with innovation. These are also examples for your business to take note of when looking at

how trends affect markets.

• Disruptive Trends – These companies deliver game-changing innovations and ideas in their industries.

• Labour Market Trends – Companies like oDesk and Freelancer.com are changing how companies get work done.

• Social Trends – Social networks and the companies that create them have taken word-of-mouth to a new level and giving businesses instant access to customer feedback and market information. © WiserChangeTM – Commercial in ConfidenceApril 12, 2023 6

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The Leader’s Role

The Leader’s Role

You can teach an old dog new tricks!

More importantly, if your business is going to be change ready and innovative, then your leaders must be open to

new ideas and willing to learn new skills.

Being agile goes against the grain of what management is all about. Analyzing, forecasting and planning: That is

the old paradigm!

Driving innovation, entrepreneurship and risk-taking requires leaders to change the way they manage.

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Fostering a culture of learning and innovation - The Innovative Mindset

• Being curious

• Making “big bets”

• A bias toward action - fail fast – succeeding faster

• “Constant innovation not instant perfection”

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© WiserChangeTM – Commercial in ConfidenceApril 12, 2023 10

Fostering a culture of learning & innovation

• Small teams

• Flat structures

• Meritocracy

• Transparency

• Support

Process to innovate

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Process to Innovate

Established businesses often find themselves stuck in legacy systems, lacking agility and the ability to take advantage of opportunity. When something new comes along they often

treat these disruptions as problems instead of an opportunity to innovate.

Implementing a process to innovate must be something that companies introduce to their leadership and their team.

Taking on the “start-up” mindset is a great place to start. Small teams, idea incubation, fail fast, learning by doing, ownership of ideas: These are just a few pieces to add to

your innovation process.

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Traits of a Change Ready Organisation

• Market Aware

– Are you understanding disruptive business models? What are emerging trends? Are you market relevant?

• Leaders committed to learning and innovating

– How committed are you to learning and innovating?

• Culture of Learning & Innovation

– How do you facilitate and reward collaboration, failure exchange of ideas, doing vs planning?

• Process to Innovate

– Do you have methods to bring ideas into fruition?

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Questions

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If you are keen to register interest for learning a process to innovate, please contact the

WiserChange™ team.

Email - info@wiserchange.com

Phone - 612 9955 1212

www.wiserchange.com

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