Innovation is not just a buzzword — it’s a necessity.
Yet, many organizations, even technology startups find themselves caught in the inertia of the status quo.
We speak with many tech leaders and startup founders every week and here are the top five excuses that are used to justify why they aren’t ready for it and don’t wish to truly embrace innovation.
Do any of this sound familiar to you?
1. “We don’t have the budget.”
2. “Innovation is too slow. We need to move fast.”
3. “I know what I want. I am confident this is what the customer wants too.”
4. “I really like the approach you suggested. But we’ve always done it this way, it is good enough.”
5. “We cannot fail at any cost.”
Here is what we would like to say to them:
1. “We don’t have the budget.”
Financial constraints are a common barrier, but innovation doesn’t always require a hefty budget. Start small with what you have. Leverage design thinking frameworks and adopt lean methodologies to test ideas incrementally. Let’s not forget, creativity thrives within constraints.
2. “Innovation is too slow. We need to move fast.”
Implementing agile methodologies that emphasize rapid iteration, continuous feedback, and stakeholder collaboration not only speeds up development but also aligns closely with dynamic needs of the user. It injects fresh ideas and keeps efforts in line with customers changing needs. It is efficient and its expedites rapid iteration. Quite the contrary to the claim.
3. “I know what I want. I am confident this is what the customer wants too.”
It’s great to have confidence in your product vision and understanding of what customers might need. But early validation can help refine the product, uncover additional customer insights, and increase the likelihood of success by aligning more closely with actual customer needs and resolving their pain-points.
4. “I really like the approach you suggested. But we’ve always done it this way, it is good enough.”
While “We’ve always done it this way” is an interesting perspective, but we need to challenge the status quo and solicit new ways. If you aren’t challenging traditional methods, you aren’t innovating.
5. “We cannot fail at any cost.”
The fear of failure often paralyzes decision-making. Foster a culture that values learning from failures as much as successes. Implement a ‘test and learn’ approach and accept small-scale experiments. This minimizes risk and builds an understanding that every failure is a steppingstone to innovation.
Innovation isn’t just about having breakthrough ideas — it’s about being willing to act on them.
We often encourage the idea that we need to shift our mindset from making excuses to making progress.
Innovation methodology I promote allows for testing the waters without fully committing vast resources, thus striking a balance between intuition and empirical evidence.
I too see too many leaders pursuing ideas that weren’t worth pursuing. It is also important to kill untested ideas at an early stage.
ISHIR’s Innovation Acceleration is a powerful approach to uncover customer pain, learn what users love, delight them and make them raving fans of your product. This helps our technology startup founders and technology leaders to get their idea validated right from the start.