We write often on this blog about the actions that lead to long-term success with your innovation program, but this time we thought we’d share some of the common reasons we’ve seen that can contribute to failure.
Reason 1: Missing Feedback Loop
A lack of a feedback loop from decision-makers to participants is the most common contributor to the failure of an innovation program. Ensuring a feedback loop is therefore the best action you can take to sustain the program over months and years.
There’s a universal truth about people and their workday—they are tremendously busy. We see this consistently across all of our customers and prospects. And busy people full of ideas are willing to give a new innovation program a try. But then time passes. If decisions are not being made, and participants see that nobody is listening on the other end, people can sniff this out and determine that further participation is a waste of their time.
Busy people don’t have time to speak into the void, so they don’t. And as much as momentum drives participation on launch of the program, it can drag it down when there is no feedback loop from decision-makers.
The bottom line: if you’re going through the energy to launch an innovation program, follow through on the commitment you’re creating for your team and make sure to make decisions. No feedback loop means no sustainable innovation program.
Reason 2: Incompatible Culture
Recently, there’s been a lot of buzz around building a culture of innovation. Why all the focus? Can culture really drive the likelihood of success with an innovation program?