Innovation Strategy Slow Down – Say Whaaaaat?

Having too many things on the go at one time almost always results in something being forsaken or abandoned in exchange for something new or something that seemingly takes priority. Furthermore, if you are ambitious when it comes to starting new projects but less so in finishing said projects, this can become an even larger problem. Let’s face it, if you are not actually moving forward with these projects, you aren’t actually moving forward at all, and then how are you going to determine what works and what doesn’t?

Sometimes the best thing that you can to in order to ensure things move forward is to slow down. Yes, slow down. Sure, sometimes it makes sense to blast things out at a rapid pace, but going full steam ahead 100% of the time is never actually going to work for anyone. Sometimes it makes sense to take a breather and examine everything you’re doing. This is especially crucial when you are the type to start things but not necessarily see them through to fruition as it allows you to reassess checkpoints and delegate tasks to get things done.

The best innovation strategy will help you mitigate those risks and narrow down the projects you’re working on. It will allow you to commit more resources to doing the job right and ultimately you’ll be more successful at innovating.

Take a look at what you are doing and determine exactly why you are doing it. Then measure this against your strategic vision. This may necessitate a return to the drawing board, but if the direction things are going in not in line with your core values, they may not actually be as productive as originally anticipated.

All of this is especially crucial when it comes to implementing innovation within an organization – and often the ideas necessary to implement this innovation arise as a result of a strategic slow down. Regaining a focus on the bottom line is a great way to see what needs tweaking.

Your company’s health, your people’s health and your personal health rely largely on your ability to recognize the need for a strategic slow down. Don’t get bogged down and run yourself ragged trying to commit to a number of different plans if one is all you need. Every once and a while, take the time to do a strategic slow down and regroup.

For more tips on how to effectively conduct a successful innovation plan, from other CEOs, please contact Innovators Alliance today by calling 1-905-332-0340.