Idea Management & Radical Innovation

In a previous post, I outlined 3 types of innovation. As shown in the image below, they are: Incremental innovation, Semi-radical innovation, and Radical innovation.

Types of Innovation

One question that often comes up is:

Can Idea Management really lead to “Radical” innovation?

This is a very good question. Here are my thoughts on this.

Radical Innovation & Idea Management

Before I share my thoughts, I’d like to (once again) highlight this quote by Samuel Palmisano, former CEO of IBM:

We treat innovation as if it were magical, not subject to guidance or nurturing, much less planning. If we study history, however, we know that’s simply untrue.

In other news, I like this quote! 🙂

Studies of innovation at successful companies like GE, 3M and P&G has shown this. These companies have systematized their innovation process. They use this process to create not only incremental innovation, but also radical innovation.

The key is to understand this: These days, radical innovation rarely comes from “Eureka” moments of lonely geniuses. Our modern world and technology are far too complex for that. Rather, it comes from:

  • Deeper understanding of market needs, and
  • Applying a company’s core competencies to address those needs radically better than current methods.
    • “Radically better” is often achieved by combining new technology -and- new business model, as shown in the matrix above.

In summary,”Radical Innovation” can and often does arise from a process and system oriented approach we call idea management. I’ll share some practical tips on how to do this in a future post.

Michael Shrivathsan

I'm your author, Michael Shrivathsan. I've worked at several innovative companies in Silicon Valley, USA over the past two decades - and helped innovate 5 market-leading products. I'm also a USPTO patent recipient. For my day job, I'm the VP of Product Management at Accompa - we make IdeaGlow, a cloud based idea management software.

More Posts - Twitter - LinkedIn

Check out these things!

Like This Post? Get More by Email
Get new posts like this delivered right to your inbox...

(We value your privacy)
Innovation Management Software for Your Team
Want to build your own systematic innovation management process? Check out IdeaGlow now - it is a cloud-based idea management system that is affordable...