Innovation, two ways to solve problems. Part 2

Time frame limitation

In the second article on the topic of solving problems related to the introduction of innovative approaches, we will talk about time constraints. So, one of the very useful tools is the deadline. People feel the passage of time much more instinctively than spending money from the company’s budget. The main thing is to set a time frame for creating an innovation that corresponds to the desired result. This approach contrasts with the common habit of associating time frames with the internal rhythm of your business — for example, the annual planning process, budget cycle, and so on.

On the other hand, the “appropriate” time frame means a long enough period to achieve true innovation (which often requires a sharp increase in investment), but short enough that people feel the need to urgently achieve results and move through many learning loops as quickly as possible.

How to set the time frame correctly?

The first option is to set a common time frame and then structure it by dividing the result into a series of work flows. For example, a time frame can be set for the idea generation stage when teams investigate a problem. After spending some time brainstorming and choosing the two best ideas, leaders set the following time frame for the next stage of work.

For organizations, rather than for individual projects, a different approach is more suitable, when leaders set major strategic goals for many years ahead — for example, to achieve a certain market share or cost ratio — and break them into quarterly stages, which allows you to assess progress.

The third approach is a simple question “what can we achieve in a week/month/year?” For example, focus on how many new properties and elements can be created over a specified period, rather than spending time and effort setting micro-goals before starting work.

Using our recommendations, a company of any scale can make serious progress in solving its tasks. Be successful and innovative with Tisel Technics.