Innovation Infusion
The challenge for any company is addressing multiple needs of the business with what are usually constrained resources.
Wanting to do more with less is the magic every executive longs for. Finding that “new idea” and building a sustainable business model are critical to the success expected by boards and investors. Innovation, strategy, and unlocking the potential of internal resources are vital in achieving those objectives.
Focus and the ability to execute are what makes a company successful. “The main thing is to keep the main thing the main thing.” However, if the focus is on a single product or offering, employees can become complacent, markets can change, competitors can become stronger, and demand may soften leaving a company scrambling to survive. Planning for and enabling innovation allows a company to stay competitive and its human capital to remain vibrant and part of the business growth process. An infrastructure built to create and support innovation is the “silver bullet” that enables breakthrough innovation and execution.
Silver Park Group with Experience Applied helps companies realize the return from human capital and position themselves for success . . . however that success is defined. Generating ideas for new products, new markets, new relationships, process improvement, or other key factors are essential to prospering the business, but infusing that spirit of innovation into the culture of the business and creating an enabling infrastructure is where the real work is required and where the desire for innovation usually succeeds or fails. The sociological changes within an organization are more difficult than the programmatic changes, but both are essential to have innovation become woven into the fabric of a company.
SPG customizes its approach to Innovation Infusion for its clients based on four elements:
- Stated Objectives for Innovation
- Business Strategy and Drivers
- Cultural Readiness
- Strength of Infrastructure
Successful evolution to a culture of innovation is largely determined by four things:
- Executive sponsorship and top down leadership
- Willingness and ability to make necessary changes
- Programmatic approach to implementation and measurement to ensure sustainability
- A sustained insistence on collaborative innovation
Silver Park Group succeeds when our clients succeed. The experience of having created, implemented, participated in, observed and evaluated many examples of successful innovation is what sets Silver Park Group apart with Innovation Infusion. It’s all about Experience Applied.