“He that will not apply new remedies must expect new evils; for time is the greatest innovator.”
-Sir Francis Bacon (1561-1626)
Your growth is directly related to your ability to innovate – truly innovate. Without it, your business may continue to grow, until it doesn’t. And while your firm conducts “innovation activities,” it likely is falling short of what’s possible… and what your growth aspirations require.
Companies need to be able to walk down two paths simultaneously- one path focused on evolution which seeks to consistently improve upon what you’ve already developed and commercialized, and one path focused on revolution – creating a new set of valued solutions, markets, or business models that did not exist prior. This is challenging to create and maintain balanced focus on both, even the most mature of companies.
Your firm’s success with innovation depends on a variety of factors, including an openness to new ideas, its ability to manage innovation projects from ideation to commercialization, to kill projects early on as well as through the iterative process of customer engagement, and to have clear marketing, sales, and financial goals. Since innovation should be a complex and company-wide endeavor, it requires a set of silo-busting leaders, practices, and processes to structure, organize, and encourage it in an ongoing fashion. That’s where we come in.
The Mier Practice will work with you and your teams to adjust existing innovation activities or build a new comprehensive system, depending on where you’re at currently. We have created successful company-wide innovation programs and while there is no universal solution for all firms, there are some critical elements consistent with all engagements with The Mier Practice.
If you’d like to discuss how The Mier Practice can help you develop an true innovation engine, or simply want another set of eyes to look over what you currently have in place, drop us a line. We really love this stuff.