Behavior. Innovative people must expand their thinking and inputs and be open and observant, flexible and collaborative. They must test their ideas (by doing pilot projects), actively experiment to learn and creatively use what they have to the fullest.
Our third article, “The Power of Principles in Innovation,” goes even deeper into more foundational principles of innovation. It continues the point that innovation fundamentally is a way of thinking and a mind set that allows you to “see” new ideas for your business:
Primary Principle #1: Everything is connected to everything.
Primary Principle #2: Thought is generative.
Principle #3: Everyone is creative and innovative.
Reading these three articles and others in our library will give you many ideas and the best approaches used by successful innovators to guide your efforts.
It follows that by studying these approaches, we can determine key elements of action and make them into ongoing processes for guiding our business decisions. Thus, we can practice these steps and through repetition and learning get better and better at them. The bottom line is that you can practice innovation consciously and purposely to build a better, more dynamic and differentiated business. It is only a matter of practicing. The Institute for Innovation Development will be your ongoing resource and support partner in applying these innovation best practices for your growth and differentiation efforts.
The Institute for Innovation Development is an educational and business development catalyst for growth-oriented financial services firms. We position our members with the necessary ongoing innovation resources and coaching to drive and facilitate their growth, differentiation and unique community engagement strategies. The institute launched with the support and foresight of our founding sponsor partners -- Innovation Equity Partners, Pershing, Ultimus Fund Solutions, Fidelity, Meridian IQ/Advice IQ and Charter Financial Publishing (FA and Private Wealth magazines). Together, we help make innovation happen. For more information or to join the institute, click here.