I’ve been involved in many innovation activities in the past, from participating in and supporting hackathons, corporate ventures to being involved with startups. I’ve observed that often times, best results come not from better management, but from being ready to pounce when serendipity presents its sweet opportunities.
Okay maybe startups are slightly different in that they are not so much an exercise in innovation, even though their outcomes often result in disruptive innovation.
Let’s focus on enterprise innovation efforts.
Whether it’s through formal innovation programs (of the type that I supported and recount here) or hackathons, I have found that in the main, less is more.
And the alarming statistics confirm it: More than 90% of high-potential ventures fail to meet projected targets, while roughly 75% of the products released each year bomb.
Why control is so ingrained and so counter productive
Just as in this doodle (one of my favourites) and with creativity, you cannot force innovation, much less control it.
In a world in constant flux where the rate of change is accelerating and uncertainty is increasing, I get people’s tendencies to exert ever greater control over things they perceive they can.
But I don’t believe this is effective.
To take a leaf out of Buddhist practice, I believe in ‘non-action’, which is an integral part of the Right Way, and a better way to approach things.
Non-action isn’t about holing yourself up in a cave and ignoring everything. It’s more about practicing detachment or letting go, which are also key related tenets. Moreover, it’s about diving in and embracing uncertainty and opportunity in an effortless way.
Preparing for serendipity
So how do you go about preparing for serendipity? For being ready to recognise and then act on good ideas when they land?
1. Learning mindset.
Innovation is about discovery and the more you learn, the more you discover. If you drive a learning mindset and culture in your organisation and allow people time to learn, they will be equipped for discovery. In this state, when new challenges present themselves, they will be ready and able to respond with new solutions and ideas.
2. Cutting bureaucracy.
Not just in the innovation process, everywhere. Bureaucracy is what holds things back, saps energy, presents hurdles and provides excuses for not trying. The blight of bureaucracy is everywhere, in all departments and growing, but it is especially pernicious in frustrating innovation efforts so do all you can to get hurdles out of the way of employees. Whether in formal or informal innovation initiatives, adopt the way of the minimalist and “remove until it breaks”.
3. Experimentation is the new planning.
Use of data in measuring the outcomes of your experiments is crucial in this approach too. But mostly it’s about making time (sometimes funding even) for experimentation and making this the emphasis of any evaluation, not plans that span pages and based on wishful thinking. Far better a small-scale experiment, even if with negative results, but results where learning can move you forward. I’ve alternatively described this as a way of success hacking.