Innovation Journal - Cognizant

Innovation Journal - Cognizant Innovation Journal - Cognizant

cognizant.com
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26.11.2014 Views

REINVENT - SEEDING INNOVATION Innovation, in today’s socially networked world, is no longer the preserve of the few; companies are increasingly interested in creating a participative and collaborative environment to generate ideas, with the hope of achieving not just a return on investment but also a “return on imagination.” Such goals are particularly relevant for technology teams, which are at the forefront of delivering on a global scale, meeting compliance requirements and speeding time to market for the business. In order to foster innovation, however, companies need an approach that liberates employees’ imaginations in a structured way, something we call “managed innovation.” The underlying philosophy is to employ well-researched methods to identify and prioritize transformational opportunities, within a cost-effective, risk-mitigated framework. This makes it easier for business to embrace and execute the innovations. We had a series of follow-up discussions with this executive’s team to see how our experience in managing innovation could be brought to bear. We decided to have a series of workshops facilitated by the Cognizant Innovation Group, aimed at introducing them to Cognizant’s Managed Innovation Framework. We custom designed sessions for team members to identify, rate and rank the top 10 innovation opportunities, and we opened these specific challenges to diverse team members, seeking their ideas through a set of collaborative workshops. The sessions included: Igniter: This session was geared toward encouraging the team to believe they have ideas worthy of sharing and building their creative confidence. Sessions included creative games to break down inhibitions and guidance on how to apply that creativity in an organizational context. These sessions reinforced three points: “The series of workshops you conducted last week got very positive feedback from the participants. They came out with great energy, enthusiasm and passion to adopt Cognizant’s Framework for us. I also listened to their idea proposals, generated using the tools and methodologies you taught them, for some of our key problem statements. The outcomes are very impressive. During the full-day Leadership Summit, 70-plus of my leadership team and I learned “managed innovation” by applying hands-on techniques to some of our key “how might we?” questions, as you put it. We closed the day with important idea proposals to pursue. I am focused on making this a sustainable movement; I look forward to working with the Cognizant leadership team to collaborate with us in sharing their experience and creating an innovation culture.” Innovation Leader of a Healthcare Payer All of us are creative, to varying levels. Thinking tools (such as brain-writing) help improve ideagenerating efficiency. By prioritizing and selecting contexts (what matters most), ideas can become more effective. 119

REINVENT - SEEDING INNOVATION Team members summarized their learning in these sessions as, “Innovation is a journey, not an event. We need to nurture an environment for teams to embark with confidence and enjoy this journey.” Thinking inside the box: Leaders have a responsibility for challenging their teams with the right problems for generating ideas. These challenges can be aimed at continuous improvement or creating new products, solutions, services or a radically better customer experience. These sessions were designed to identify, rate and rank top 10 innovation opportunities. Specific challenges were opened up to team members, inviting their viewpoints and ideas. Innovation, in this networked world, is no longer the preserve of the few; we emphasized the need for leaders to leverage the innate capabilities of their teams and draw upon their collective creative confidence to solve challenges. Horizons: The executive manager and his direct reports reviewed the top 10 list and divided it into two parts: The Horizon 1 list aligned with operational priorities that impact efficiency and effectiveness. The Horizon 2 list targeted new action items that the team needed to embark on and experiment with. Team members came up with a wide variety of ideas – some radical and others seeking to fundamentally alter what they had been doing all along. The executive manager and his peer leaders were excited to see the passion of their team members in accepting these challenges and creating concrete, actionable idea proposals. When asked how he could motivate and reward the team to continue with the managed innovation initiative, all the team asked for was, simply, 15 minutes of face time with the executive to pitch their top emerging ideas. The underlying philosophy for these workshops included: Well-researched methods to identify and prioritize transformational opportunities. A cost-effective, risk-mitigated framework to execute ideas, making it easier for the business to embrace innovation. Do all this in an effective, engaging and entertaining way that liberates the mind and appeals to the heart. Following the workshops, a large number of useful ideas surfaced, along with a few powerful ones that gathered strength and were shaped into a shared vision in short period of time. These ideas were pitched to the executive leadership, seeking funding and a green signal for implementation. Ultimately, a managed innovation initiative, branded as “No Boundaries,” was launched organization-wide. By asking a simple question, this healthcare leader generated some powerful ideas that were shaped into a shared vision for new avenues of opportunity. It took courage to experiment in this way, as well as the senior executive’s own willingness to invest significant time into the initiative. 120

REINVENT - SEEDING INNOVATION<br />

Team members summarized their learning in these sessions as,<br />

“<strong>Innovation</strong> is a journey, not an event. We need to nurture an<br />

environment for teams to embark with confidence and enjoy this<br />

journey.”<br />

Thinking inside the box: Leaders have a responsibility for challenging<br />

their teams with the right problems for generating ideas. These<br />

challenges can be aimed at continuous improvement or creating new<br />

products, solutions, services or a radically better customer experience.<br />

These sessions were designed to identify, rate and rank top 10<br />

innovation opportunities. Specific challenges were opened up to team<br />

members, inviting their viewpoints and ideas.<br />

<strong>Innovation</strong>, in this networked world, is no longer the preserve of the<br />

few; we emphasized the need for leaders to leverage the innate<br />

capabilities of their teams and draw upon their collective creative<br />

confidence to solve challenges.<br />

Horizons: The executive manager and his direct reports reviewed the<br />

top 10 list and divided it into two parts:<br />

The Horizon 1 list aligned with operational priorities that impact<br />

efficiency and effectiveness.<br />

The Horizon 2 list targeted new action items that the team needed<br />

to embark on and experiment with. Team members came up with<br />

a wide variety of ideas – some radical and others seeking to<br />

fundamentally alter what they had been doing all along.<br />

The executive manager and his peer leaders were excited to see the<br />

passion of their team members in accepting these challenges and<br />

creating concrete, actionable idea proposals. When asked how he<br />

could motivate and reward the team to continue with the managed<br />

innovation initiative, all the team asked for was, simply, 15 minutes of<br />

face time with the executive to pitch their top emerging ideas.<br />

The underlying philosophy for these workshops included:<br />

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

opportunities.<br />

A cost-effective, risk-mitigated framework to execute ideas,<br />

making it easier for the business to embrace innovation.<br />

Do all this in an effective, engaging and entertaining way that<br />

liberates the mind and appeals to the heart.<br />

Following the workshops, a large number of useful ideas surfaced,<br />

along with a few powerful ones that gathered strength and were<br />

shaped into a shared vision in short period of time. These ideas were<br />

pitched to the executive leadership, seeking funding and a green signal<br />

for implementation. Ultimately, a managed innovation initiative,<br />

branded as “No Boundaries,” was launched organization-wide.<br />

By asking a simple question, this healthcare leader generated some<br />

powerful ideas that were shaped into a shared vision for new avenues<br />

of opportunity. It took courage to experiment in this way, as well as the<br />

senior executive’s own willingness to invest significant time into the<br />

initiative.<br />

120

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