Economic necessity: reaping innovation’s rewards

21 04 2009

In a previous post, I discussed the role of constrained resources in innovation.  I strongly feel that it behooves companies to create a culture of innovation by rewarding employees for their novel ideas with more than “not getting fired.”

Users develop solutions from actual problems or opportunities on the front line.  These projects can lead to significant innovations.

I like the story of Dynamic Matrix Control (DMC). If it weren’t for a long-term strike at a Shell Refinery, this new way of controlling operations would never have come to fruition.

Innovation comes in many different shapes and sizes.  Creating DMC and turning it into its own business is more of an exception than the rule.  But measureable improvements abound when users are allowed to be creative. Read the rest of this entry »