Finding Time for Innovation

Finding Time for Innovation

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Everyone can relate to the feeling that there is not enough time in the day to get everything done. Sometimes it can seem impossible to escape the day-to-day of emails and to-do lists, let alone taking time to implement new processes. This can be especially daunting when introducing Innovation Management into your company. How can you find the time to add one more thing to your plate?

With a good Innovation Management system in place, innovation can actually help you become more productive in the long run. In a study conducted by The Productivity Commission1, a commonwealth agency of the Australian Government, researchers found empirical evidence that increased innovation in the workplace leads to increased productivity. This research has been confirmed by later research looking at innovation and workplace productivity in the EU2.

In the short term, there are many ways to free up time in the day. One useful tool is to take inventory of your daily takes and try to RED: Reduce, Eliminate, and Delegate. Ask yourself if the tasks you have on your list add value you to your company, if they are tasks you find personal value in doing, or if the task requires you (or someone senior to you) to accomplish that task. If the answer to these questions is no, eliminate the task from your list. Start by shooting to eliminate 10% of what you normally do in a day. Use your newly found time to implement a few innovation management practices that will improve your long term productivity!

For more information or assistance with your company’s Innovation Management, please contact Jill Vandenbosch at jvandenbosch@rdpassociates.com or call(416) 368-9341 x314.
1Laplagne, P. and Bensted, L. 1999, The Role of Training and Innovation in Workplace Performance, Productivity Commission Staff Research Paper, AusInfo, Canberra.  
2Hall, B. H. (April 29, 2011). Innovation and Productivity. Nordic Economic Policy Review, 2, 167-195.

 

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