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John Sviokla has asked an interesting question on his blog about why institutions are generally incapable of innovation.

I thought it was a great question and came up with the following algorithm for innovation.

1. Construct a conventional wisdom idea / strategy / plan 1-10 scale with 0 representing conventional wisdom, 10 representing abstract unconventional thought.

2. Run existing ideas / strategies / plans through the scale, target 0, 1, 2 and 3s for review.

3. Ask for, develop and design 7, 8, 9 and 10s for each of 0, 1, 2 and 3s for further evaluation, consideration and possible execution.

Although this process for innovation may appear overly simplified, I think identifying institutionalized malaise is the first step an organization must take to begin the process of identifying new opportunities.

I liked the idea of the Innovation Algorithm so much that I bought the company – I mean the domain – InnovationAlgorithm.com

Tags: Innovation Algorithm

This entry was posted on November 13, 2009 at 11:10 am and is filed under Innovation Algorithm. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.