Innovation That Matters - Substance Over Style
This the time of year when organizations (companies, departments, and teams) review their performance from the previous year. Breathless presentations are made to upper management and/or the Board of Directors, in late December or early January. Typically, the IT department will go through their projects and talk about how many significant chunks of work got done that helped move the company forward.
I've noticed when some folks talk about accomplishments for the last year, they'll make a point to mention all of the techno-buzzwords in vogue - for 2007, try Web 2.0, wikis, blogs, and collaboration - to illustrate how the company is innovating. Boy, are they missing the point!
If you're firm is not into consumer products or a direct-to-consumer sales, if you don't do professional services, pure research, or other knowledge-intense activities - how much does Web stuff really drive your bottom line? Ever since the Internet boom of the 90s, Web technology has tempted and teased many brick-and-mortar companies (and middle managers) with dreams of explosive stock valuations. But in reality, this technology has only chipped at the edges of how many of these organizations really make their money, and how Wall Street really values them. The block-and-tackle ERP systems, supporting fundamental, value-adding processes like supply chain, order management, sales and marketing, and distribution, is the technology that's relevant and meaningful to the business.
So why not talk about the innovative stuff you've done with ERP? How about the make-to-stock company that wants to get into mass customization - you can configure most systems to handle make-to-order, but can you also change your product data, order management, manufacturing and distribution processes?
What about IT alignment with new management principles? If your company has committed to Lean Manufacturing principles, can you adapt Agile project management and software development techniques, and bring them into your IT organization?
I know - you did deliver on this (and more!) - so don't sell yourself short! That’s real innovation that actually means something.
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Innovation with new investment (time and money) in tools and delivery mechanisms is "interesting" - maybe you're delivering productivity or cost reductions, delivering incremental benefit that's "appreciated"
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Innovation that leverages existing investment (established systems) to deliver new business models and streamlined processes is "transformational" - delivering real step change benefits that are desperately needed!
Don't fall into the techno-marketing trap that the only way you can innovate is using the latest and greatest stuff. Words like wikis and blogs are fun to say, but I prefer terms like 30% annualized growth, category killer, lower inventories with higher customer service, and market outperform.
So does my boss … and the BoD …
Previously …
- CIO Mag - Decision Evolution (October 11, 2004)
- Sell your Boss - Some Tech Observations (January 30, 2005)
- Communicating Complex Technical Concepts (March 21, 2005)
- Customer DNA - A Different Take on Understanding Markets and Networks (June 11, 2005)
- Gee, this social network - presence - IM - knowledge management - collaboration stuff really works (September 25, 2005)
- Of course we can pay for that ... if it makes business sense (November 7, 2005)
- Blogs as Conversation, and Wikis as Diaries - Not Exactly (January 29, 2006)
- A great mission statement for Corporate IT (October 15, 2006)
- Buzzword Management ABCs (March 16, 2007)
- Do blogs fit in the enterprise? Specific examples (WIIFMs) ... (April 19, 2007)
- Corporate Web 2.0 is Spreading - Here comes the Blog (May 15, 2007)
- Deja Vu: Comparing Enterprise Software to Big Pharma from the 90's (May 19, 2007)
- What's the Difference between Announcements, Blogs, Discussions, Wikis? (June 26, 2007)
- Yet Another Discussion on IT Chargebacks (October 7, 2007)
- Chargebacks Redux - Some Good May Come Of It (October 9, 2007)
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Integrated Supply Chain Benefits Go Beyond the Internal Stuff (November 11, 2007)
Technorati Tags: blog, business value, collaboration, CRM, knowledge management, marketing, supply chain, tech management, Web 2.0, wiki
Labels: blog, business value of IT, collaboration, CRM, Knowledge Management, marketing, supply chain, tech management, Web 2.0, wiki