Innovation is Complex But Critical
This past month at the Credit Union Leadership Forum’s Edu-Leader Leadership Learning Series we focused on innovation. I thought it would be valuable to share some of the day’s learning as we all face the challenge of how to innovate, which can be one of the most challenging issues for credit unions.
There are three articles, “Microsoft’s Lost Decade”, “IBM’s Decade of Transformation” and “Manage Your Energy, Not Your Time” that all provide critical insights into effective people management, effective strategic focus and energy management. Provided below is a summary of key points that you may find helpful as you work through innovation challenges within your organization:
MMC is not unique in this regard; other companies have established similar functions. For some it may report to the IT organization or to the marketing organization instead of building a specific innovation office.
MMC visited other innovative companies including 3M, IBM, Motorola, United Health Group and others. The organizations shared with each other what they were doing in innovation. In this fairly new field, companies were willing to collaborate and share best practices. In the spirit of collaboration and “paying forward” MMC was willing to participate in this BFCU Leadership Learning Session.