IMSTRAT has only one overarching goal and that is to help our clients utilize innovation to improve their business results. Innovation without value creation is fun but folly. To ensure that innovation results in results, we help our clients understand the 7 key phases they need to manage to make sure that creativity translates into cash. We can enter at any one of these phases or help organizations develop these phases in an holistic and integrated fashion. Following is ISI’s proprietary approach to “Innovation at Work”:
Whether we engage with a client on a fixed contract, a project fee bases or a daily consulting rate, we allow our clients to cancel our engagement at any time if we are not meeting or exceeding their expectations paying only for the work we have already done. If our clients don’t win then we should not win. Our consultants are of the highest integrity and very attuned to organizational politics and manage sensitive issues adroitly. Many of our consultants have both industry and academic experience and are paid to deliver results not make sales. In many consulting organizations, consultants are expected to have a specified level of income or they are gone. Thus they are often dually purposed, to help the client but help themselves as well by pushing expansion of the business within the client whether the client wants it or not. Not ISI. We will, in fact, advise against doing some things even thought it could mean less revenues for us if we do not think it is in the client’s best interest. We don’t like pushy sales people and neither should you. We will never try to deliver more than you need and will attempt to save you money where possible.
The Leadership of Innovation
Successful innovation requires following the 7 phases listed above, but without inspired leadership innovation efforts may fall short. While we have spent much time understanding the strategies, structures, processes, and systems necessary to support innovation, we have also become experts in the leadership of innovation within established companies. Leading innovation through to value creation requires a different orientation to leadership that is not well known nor well practiced. For example, not all good ideas are good opportunities. Most leaders do not know the differences and that a certain disciplined process of identification, shaping, and capturing is required. Ideas are a dime a dozen, great opportunities are not. Additionally, leaders of innovation initiatives often think they are holding and innovation discussion focusing on creativity when in fact they are holding a typical business discussion based on opinions. ISI helps leaders of innovation understand and develop the requisite leadership skills.