Tuesday, November 23, 2010

Mapping the Route

A decision must be made as to whether the idea has the potential to benefit your organization,

There are four key stages that an idea must pass through before it enters the market or becomes a standard process. The first is the initial concept. A decision must be made as to whether the idea has the potential to benefit your organization, and whether the predicted costs merit further investment.

The second stage is a detailed exploration of the practicalities -- how the concept might work in practice, and, indeed, whether it is physically possible. At the same time, the concept must be developed so that you can discuss and share it with others, not least because along the way you'll have to convince some of them to provide funds, resources, and time to help you get it off the ground.

The third phase is testing, which may include building a prototype and researching how people in your target market (customers, clients, or coworkers) react to it. Finally, once testing is complete the product can be launched, but even after launch its performance must be monitored to ensure your innovation provides the promised benefits.

ACTION POINT: Valuable change must be tested, supported and deliver real benefits to the organization.

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