Killer Innovations
The award winning Killer Innovations™ Podcast and nationally syndicated talk radio show (on +30 radio stations) is hosted by Phil McKinney, an award winning innovator of technologies and products used by hundreds of millions of consumers and businesses worldwide. The podcast is Phil's way to "pay-it-forward" by sharing his experience and expertise in innovation so that individuals and organizations can achieve success in the innovation/creative economy. About the Host: Phil retired as the CTO at Hewlett-Packard where he led the product/R&D for the $40B PC, Mobile, Display/TV and Workstation business. He is currently the President and CEO for CableLabs, the non-profit R&D and innovation lab for the global cable industry. Phil shares his rule-breaking approach to innovation and creativity in his book "Beyond The Obvious" and via the podcast. He has been credited with forming and leading multiple teams that FastCompany and BusinessWeek list as one of the “50 Most Innovative”. His recognition includes Vanity Fair naming him the “The Innovation Guru”, MSNBC and Fox Business calling him "The Gadget Guy" and the San Jose Mercury News dubbing him the "chief seer". For more information on Phil visit his blog at philmckinney.com.

To some organizations, starting an innovation effort seems easy. Just hire some consultants, host a few all-hands meetings and then decree that the organization is embracing innovation. Sustaining innovation over time is incredibly hard. Without a long term commitment, most organizations experience innovation collapse.

Are there weak signals that an organization is heading towards innovation collapse?

4 Signs Of Coming Innovation Collapse

Here are four signs that organizations should keep a look out for.

  1. Innovation Out Of Fear: For sustained innovation, an organization needs to have a bedrock reason why innovation is important.  For some, it's out of fear. Fear that share price is suffering  because of a lack of innovation. Fear that everyone else is doing it and the organization is being left behind. While fear is a catalyst for innovation, its not a sustainable motivator.
  2. Competitive Urgency: For many organizations, their idea of innovation is responding to their competitors actions. When a competitor launches a new product or service, the organization responds by catching-up. Its innovation effort is reactionary which is not a sustainable approach to innovation.
  3. Innovation Silos/Innovation Fragmentation: Some organizations will attempt to catch-up by starting a large amount of innovation projects. The innovation version of throwing spaghetti against the wall to see what sticks. Projects will make everyone feel like they are doing something but without coordination and prioritization, the odds of success are slim.
  4. Lack of Will Power: For an organization to create a sustainable innovation program, their leadership will need to make some changes. Do they have the will power to do whatever it takes for innovation success?

During this weeks show, we discuss in more detail each of the 4 signs of pending innovation collapse.

We also share what you can do to avoid it.

[callout]Click below to listen to this weeks show on innovation collapse.[/callout]