You hear the word “innovation” all the time these days, especially as it relates to competitive advantage. Most people just see innovation as a rare big bang. It’s a lot more than that.
In reality, innovation is a series of little steps that, cumulatively, lead up to a big deal that changes the game. Yet in so many companies today, everyone defaults to thinking, “Innovation… Einstein. Edison. Jobs.” “That’s for somebody else, some genius.”
The word just scares the bejesus out of everyone.
“I can’t innovate.”
“I can’t come up with a new theory of relativity or a new lightbulb or a new iPad. I’ll leave that for the crowd over there to do.”
That’s all the wrong headset. Organizations should make it their mission to reward every little incremental improvement their people make. There’s a saying we’ve been using for the past 15 years or so with all the companies we work with: “Find a better way every day.”
It’s not just a slogan, it’s an operating principle. You want to engage every single person on your team to find a better way. You want to champion them for doing it and make a celebration out of what they improve, whether it be a more efficient accounting system, launching a new customer program, or making a screw in a factory turn a little faster to make things run a little better. Those are the real innovations. And together, with every mind in the game, they are what makes a company competitive.
So when you think about innovation, don’t let it scare you. Don’t let it be a buzzword that isolates 10 people in your company while the other 90 sit on the sidelines, waiting for the innovators to innovate. You’ve got to make innovation everyone’s job, all the time.
Jack Welch is Executive Chairman of the Jack Welch Management Institute at Strayer University.Through its online MBA program, the Jack Welch Management Institute provides students and organizations with the proven methodologies, immediately actionable practices, and respected credentials needed to win in business.
Suzy Welch is a best-selling author, popular television commentator, and noted business journalist. Her New York Times bestselling book, 10-10-10: A Life Transforming Idea, presents a powerful decision-making strategy for success at work and in parenting, love and friendship. Together with her husband Jack Welch, Suzy is also co-author of the #1 international bestsellerWinning, and its companion volume, Winning: The Answers. Since 2005, they have written business columns for several publications, including Business Week magazine, Thomson Reuters digital platforms, Fortune magazine, and the New York Times syndicate.
By Jack and Suzy Welch & Photo: Chones / shutterstock
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