Tactics

About the Hammer and the Nail…

Innovation should not be complicated. As long as you have a good problem. A really GOOD one: e.g. one that can stand the test of the “5 why’s” (https://en.wikipedia.org/wiki/5_Whys).

It’s tempting to start with an exciting opportunity or a new technology.  Think drones, or microfinance or blockchain. But there is a risk that this innovative idea will not address a real customer or business need and will not fit in the company’s strategy.  Although the idea may be unique, it will likely not get management support and the sustained resources to experiment.

An example: patients often stop taking their chronic medicine. I recall a passionate innovator spending months developing an innovative digital packaging to help customers remember to take their daily medicine – but the real problem was that most customers stopped taking that medicine because they were worried about potential side effects. A great hammer, but the wrong nail…

As Albert Einstein said:

“If I had an hour to solve a problem I’d spend 55 minutes thinking about the problem and 5 minutes thinking about solutions”  

So, as Innovation Leader, define a good nail, a specific problem, secure agreement from business leadership, communicate broadly and then start looking for those innovators who can come up with the right hammer, or screwdriver, or hopefully something even more innovative.

What do you think?

Passionate about stimulating innovation within a large corporation. 35 years of global (Pharma) marketing and innovation experience.

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