Igniting Innovation: Tips, Sparks and Ideas for Acting on Innovation

Greg Lemmon

Greg Lemmon
Greg joined the team in 2008 after graduating from Northern Kentucky University. Since then he conducted over 3,000 sales forecast for new innovations, innovated how we teach research as well as developed and programed an online system for rapid research. Greg is passionate about researching innovation and developing new to the world systems to make innovation easier for organizations.
Find me on:

Recent Posts

3 Things I learned from a 5 Year Innovation Sales Forecast

Posted by Greg Lemmon on Jan 12, 2016 10:00:00 AM

Sales forecasting is an important part of innovation. In fact I believe that every idea in the pipeline should have a value associated with it. Some sort of prediction of how much impact that idea will have if it ships. Having project leaders calculating sales forecast helps innovation leaders, such as yourself, plan for the future.

Recently I’ve been working on forecasting 5 years of sales for innovations. Here are 3 things I’ve learned that I think would be helpful as you think about the ideas in your innovation pipeline.

1. Variance Matters - All the inputs to a forecast have variance. I like to model this variance and report the effect in the sales forecast. It is no surprise that inputs with more uncertainty yield forecast with more uncertainty. What I learned is just how much that uncertainty grows from year to year. Good news is that while year 5 had a lot of variance, there is plenty of time to fine tune the inputs and reduce that variance.

Read More

Topics: innovation, Leading Innovation, strategy, Math

How many failures does it take to ship a successful innovation?

Posted by Greg Lemmon on Dec 10, 2015 10:00:00 AM

Here is the quick story. Leadership said they want innovation, worker has idea, worker starts project, project fails. What do you think happens next?

Well what should happen is that the worker starts another project based off a different idea. In fact even if the first project was a success, as long as leadership still needs innovation, the worker should always be leading a project.

In reality we have a problem. That problem is after one failure or two or twenty people eventually start to get demotivated. Your job as a leader is to keep people motivated. You can do this with mission, strategy, improving the system, etc. But I have a new idea I’d like to try.

Read More

Topics: innovation, Leading Innovation, fail fast fail cheap

How Many People Should Be Responding To My Research Surveys?

Posted by Greg Lemmon on Nov 5, 2015 10:02:20 AM

When leading innovation, you’ll want to have a system for doing research. Research doesn’t have to be in the form of surveying customers, but asking a potential customer if they’d purchase a new offering is typically done at some point in the innovation process.

The question we get asked quite frequently is how many customers do I need to survey. My answer is that it depends.

Read More

Topics: innovation, Leading Innovation, innovation system, Consumer Research

Data on Why Even Proactive Leaders Need to Continue Dramatic Invention

Posted by Greg Lemmon on Sep 29, 2015 10:00:00 AM

Is your organization proactive now? What about the future?

I define proactive as an organization who uses “Dramatic Invention" as their primary plan for growth. Meaning they prefer to lead their marketplace by creating radically new ideas, categories & customer opportunities.

Read More

Topics: innovation, Leading Innovation, Innovation Culture

Research Proves Why You Should Enable Your Organization To Innovate

Posted by Greg Lemmon on Sep 22, 2015 10:00:00 AM

If you want to lead innovation, get prepared to give up some control and trust the system. innovation system trust

Organizational Centralization is the extent decisions are centralized and controlled by senior executives. Are you trying to control everything (high centralization) or are you enabling others in the organization (low centralization)?

How do you think this impacts your organizations ability to innovate?

Read More

Topics: innovation, Leading Innovation, leadership

7 Themes for Leading Breakthrough Innovations

Posted by Greg Lemmon on Aug 27, 2015 11:00:00 AM

I recently read Dianna Vitasovic's article, "Leadership Support Mechanisms for Breakthrough Innovation." She reports that the following 7 themes emerged:

Read More

Topics: innovation, innovation system, leadership

Do Rules and Systems Help or Inhibit Innovation?

Posted by Greg Lemmon on Aug 11, 2015 10:00:00 AM

First, I feel it is important to tell you that this post was inspired by some awesome data I learned about while doing some wisdom mining for a project. The article uses some more technical language, but I promise you that nerdiness of the data, research and information is totally worth it.

Read More

Topics: Leading Innovation, Innovation Culture, innovation system, innovation process, leadership

THE Metric for an Innovation Culture

Posted by Greg Lemmon on Jul 23, 2015 9:00:00 AM

PEOPLE Engagement: The primary driver of culture change within an organization or division is education in the new mindset. The foundation of the new mindset is training and tools.

Read More

Topics: innovation, culture change, Innovation Culture

Innovation Catch-22

Posted by Greg Lemmon on Jul 14, 2015 7:30:00 AM

Profitability is down because we are a commodity this means we are no different then our competition...however we can't innovate (to eliminate being a commodity) because our profits are down.

Think about it if you were leading innovation and found yourself in this situation what would you do?

Read More

Topics: innovation, innovation ROI

Why Innovate?

Posted by Greg Lemmon on Jul 9, 2015 7:00:00 AM

Week after week when I talk to people they continually ask, "Why do I need to Innovate?"

Read More

Topics: innovation, innovation ROI, why innovate

Welcome to the first blog from the Eureka! Ranch and Innovation Engineering Institute team.  Here you will find a diverse group of innovators dedicated to changing the world by transforming innovation from a random gamble to a reliable system that delivers increased innovation speed and decreased risk.

 



So, many exciting things are going on at Eureka! Ranch and with Innovation Engineering don't miss out on anything:

Go to Website

 

 

Subscribe to No Guru Needed

Recent Posts