Management Innovation – the advice you really need to hear.
The key to innovation in management today is about helping organisations to best tackle the issues of the day, let go of old practices and old ideas, and to revamp themselves into a business that’s ready for the future.
Sounds tricky, right? It doesn’t have to be, if you take the right kind of advice.
The term business or management innovation covers any kind of change to business processes, such as the way you manage or lead. It can mean doing a completely ‘new thing’ or finding a ‘new way’ of doing something that you already do. Think new processes, new business systems and new methods of management, and you’ll already be on the right lines – not to mention the right path towards improved productivity and growth.
However, management innovation also involves implementing those new management systems, practices, processes or norms that are different from previous approaches to management because they are relevant in our work…today.
But to make innovation really work, you need to have a clear vision and a brilliant team of people behind you who can execute and deliver that vision. It means thinking outside of the box to identify and deliver the changes that will ultimately move your business forward and upward. And it’s also about introducing new technology that’s relevant to today and which will play an instrumental role in helping you succeed in the future.
The bottom line is that management innovation – whether it applies to your business processes, strategy planning, or your workplace culture – is essential to the growth of your organisation, especially in the current economic climate.
But where do you start? Management innovation needs to come from the core of your organisation’s structure, which means there are certain rules you need to follow if you want your business to enjoy the competitive advantage it can offer.
For example, at the very minimum, our advice would be to:
- Embed it into the routine of your role
- Identify the patterns within which you work and challenge those patterns all the time
- Know what you lack daily, not over a long period
- Know what and where you can improve
- ‘Expect’ change to happen
- Be flexible in the allocation of your resources
- Bring ideas to life by making a plan, and then by making that plan happen
But the most important piece of advice we can offer is that you need to be ready for when a good idea comes along by making sure you have the kind of sound innovation process in place that ensures you can really take advantage of it. After all…
…in all recorded history there has not been one economist who has had to worry about where the next meal would come from.
– Peter Drucker
Here at Ascend Twentyone, we can help, guide and support your management team towards being much more innovative, and help you put a range of innovation processes in place which can ultimately protect your bottom line. Get in touch now and make the most of our experience – and our advice.