my innovation top 10 - aug 2007

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Imaginatik 2006 - 1Imaginatik 2006 - 1Imaginatik 2007 - 1

Mark TurrellMark Turrell -- CEO, Imaginatik plcCEO, Imaginatik plc


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About Mark Turrell & Imaginatik plcAbout Mark Turrell & Imaginatik plc

Doctoral ResearchDoctoral Research in Information Management Diffusion of collaborative applications, focus on human nature & management

practices

Developed & continue to work on many Innovation and IdeaInnovation and IdeaManagement methodologiesManagement methodologies in use today Short term events, reward & recognition, rapid reviewing, anonymity, open

innovation, etc.

SoftwareSoftware & Process for Innovation Management &Innovation Management &Collaborative Problem SolvingCollaborative Problem Solving

Aim forAim for 10X ROI10X ROI

Blue ChipBlue Chip Clients

Deep crosscross--industryindustry experience

AIM Listing (imtl.Limtl.L) & US OTC (IMGKFIMGKF) Worlds first publicly quoted innovation process company


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So, canSo, canyou keepyou keep

aa secretsecret??


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The Top 10 ListThe Top 10 List Text VersionText Version

1. Leadership: The CEO is the primary driver ofinnovation.

2. Innovation should be a habit: Encourage creativity andinstill a creative, curious, open culture.

3. Rely on strategy not accidents: Companies need a set,effective strategy to foster innovation.

4. Swing for singles and home runs: Creating singles, orsmall ideas, incrementally adds up to better productsand service.

5. Idea credit not money: Employees who are creativelyengaged often feel more rewarded than if they areoffered more money.


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The Top 10 ListThe Top 10 List Text VersionText Version

6. Online idea events and deadlines: Effective ideassolve a specific problem in a timely fashion.

7. Healthy competition: Reward point and rankingsprograms that track ideas submissions, commentsand implementation.

8. Cost cutting is no substitute: Companies that skimpon innovation may gain on the bottom line for a fewquarters, but there must be a solution to a longer-term problem.

9. Clear tangible targets: Innovation activities should

yield tangible, verifiable results.

10. Build an innovation pipeline: Companies becomegreat by innovating and that means building existingbusinesses and developing new ones.


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LeadershipLeadership


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Ivegottheinnovation& creativityhabit


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Rely on

Strategy


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Singles & Home RunsSingles & Home Runs

SinglesSingles

andand Home RunsHome Runs


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Credit Ideas &

People

Not Money


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Focus &Focus &

DeadlinesDeadlines


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Healthy Competition


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Balance

productivityand

innovation


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Innovation

Pipeline


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Its your choice to doIts your choice to dobetter (or maybe not)better (or maybe not)


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Get Engaged contact Imaginatik to use our newOpenWorld.Imaginatik.com environment

Selected Reading @ www.imaginatik.com Innovation Pipeline

Customer Case Studies

Idea Management ROI

Innovation Metrics

Financial Impact of Innovation

8 Easy Steps to Measuring Innovation

Contact Imaginatik

Mark Turrell, CEO [email protected]

Europe +44 207 917 2975

US +1 866 917 2975

my innovation top 10 - aug 2007

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