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Innovation Journal - Cognizant

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REINVENT - SEEDING INNOVATION<br />

<strong>Innovation</strong>, in today’s socially networked world, is no longer the<br />

preserve of the few; companies are increasingly interested in creating a<br />

participative and collaborative environment to generate ideas, with the<br />

hope of achieving not just a return on investment but also a “return on<br />

imagination.” Such goals are particularly relevant for technology teams,<br />

which are at the forefront of delivering on a global scale, meeting<br />

compliance requirements and speeding time to market for the<br />

business.<br />

In order to foster innovation, however, companies need an approach<br />

that liberates employees’ imaginations in a structured way, something<br />

we call “managed innovation.” The underlying philosophy is to employ<br />

well-researched methods to identify and prioritize transformational<br />

opportunities, within a cost-effective, risk-mitigated framework. This<br />

makes it easier for business to embrace and execute the innovations.<br />

We had a series of follow-up discussions with this executive’s team to<br />

see how our experience in managing innovation could be brought to<br />

bear. We decided to have a series of workshops facilitated by the<br />

<strong>Cognizant</strong> <strong>Innovation</strong> Group, aimed at introducing them to <strong>Cognizant</strong>’s<br />

Managed <strong>Innovation</strong> Framework. We custom designed sessions for<br />

team members to identify, rate and rank the top 10 innovation<br />

opportunities, and we opened these specific challenges to diverse<br />

team members, seeking their ideas through a set of collaborative<br />

workshops. The sessions included:<br />

Igniter: This session was geared toward encouraging the team to<br />

believe they have ideas worthy of sharing and building their creative<br />

confidence. Sessions included creative games to break down<br />

inhibitions and guidance on how to apply that creativity in an<br />

organizational context. These sessions reinforced three points:<br />

“The series of workshops you conducted last week got very<br />

positive feedback from the participants. They came out with great<br />

energy, enthusiasm and passion to adopt <strong>Cognizant</strong>’s Framework<br />

for us. I also listened to their idea proposals, generated using the<br />

tools and methodologies you taught them, for some of our key<br />

problem statements. The outcomes are very impressive.<br />

During the full-day Leadership Summit, 70-plus of my leadership<br />

team and I learned “managed innovation” by applying hands-on<br />

techniques to some of our key “how might we?” questions, as you<br />

put it. We closed the day with important idea proposals to pursue.<br />

I am focused on making this a sustainable movement; I look<br />

forward to working with the <strong>Cognizant</strong> leadership team to<br />

collaborate with us in sharing their experience and creating an<br />

innovation culture.”<br />

<strong>Innovation</strong> Leader of a Healthcare Payer<br />

All of us are creative, to varying levels.<br />

Thinking tools (such as brain-writing) help improve ideagenerating<br />

efficiency.<br />

By prioritizing and selecting contexts (what matters most), ideas<br />

can become more effective.<br />

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