Innovation is crucial to the ongoing success of any organisation; organisations that do not innovate lose customers, lose market share and ultimately disappear. The easy part is coming up with a clever new product, service or process. In other words, creating the innovation. The hard part is convincing others (i.e. stakeholders) to provide the support, ideas, people and finance needed to implement the innovation. In other words, making the innovation happen.
Organisations often articulate their approach to this challenge as…
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“Innovation” can be defined as “a new idea, method, or device : novelty.”
It also referred to as “the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services.”
Prendo’s customers face many challenging situations when making innovation happen:
At Prendo, we believe that the complex skills and deep understanding that are needed for making innovation happen are best developed with advanced simulations that provide accelerated experiential learning and the opportunity to explore the underlying cause and effect models.Talk to us to understand if our simulations can address your specific challenges
To address the challenge of making innovation happen, leaders need a combination of skills (know-how) and understanding (know-that), in the same way that the driving test combines the practical and the theory:
as part of an overall approach to or strategy for making innovation happen