Luminar Innovation

Here's the top 10 areas where innovation usually gets neglected: 1️⃣ Make Innovation Part of Your Culture  Innovation shouldn’t be a one-time event—it should be a mindset. Encourage every team member to bring forward new ideas, experiment, and learn. Recognise and reward creativity at all levels. 2️⃣ Start with the Customer Are you solving real problems? Customer-centric innovation means listening, observing, and collaborating with your audience. Design with them, not just for them. 3️⃣ Think Long-Term, Not Just Quick Wins   Short-term gains are important, but balancing them with long-term innovation is where transformative growth happens. Some of the best ideas need time to mature—don’t rush the process. 4️⃣ Leverage Diverse Perspectives Break down the silos! Innovation thrives when cross-functional teams come together to tackle challenges. Different perspectives lead to well-rounded, creative solutions. 5️⃣ Embrace Failure as Fuel Fear of failure is innovation’s enemy. Encourage experimentation, learn from mistakes, and celebrate the process, not just the outcome. Every setback is a step closer to success. 6️⃣ Look Outside for Inspiration Don’t limit yourself to internal resources. Open innovation—partnering with startups, universities, or even competitors—can bring in fresh ideas and new perspectives. 7️⃣ Adopt Agile Practices Innovation moves quickly. Adopt agile methods like sprints and iterative testing to stay flexible, adapt to change, and bring new ideas to market faster. 8️⃣ Think Beyond Profit Today’s customers value brands that care about sustainability and social impact. Align your innovation strategy with environmental and ethical goals for long-lasting value. 9️⃣ Balance Incremental and Disruptive Innovation Both small improvements and big changes are crucial. Incremental innovations refine what you’re already doing well, while disruptive innovations prepare you for the future. 🔟 Measure Success with a Holistic Approach Innovation is more than financial metrics. Track customer satisfaction, time-to-market, employee engagement, and social impact to get a full picture of your success. These overlooked areas could be the key to unlocking your company’s next big breakthrough. Are there any on this list that resonate with you? Or perhaps you have other areas in mind where innovation often goes untapped? Share your thoughts in the comments—I’d love to hear how you’re approaching innovation in your own organisation. #TrueInnovation #InnovationCulture

Mondays for future thinking! The OECD’s Observatory of Public Sector Innovation (OPSI) recently released a guidebook that offers powerful insights into how governments and organisations can build anticipatory and resilient futures. Here are the key takeaways: 🔮 Anticipatory Governance This guide emphasises the importance of foresight as a proactive governance tool. By anticipating future challenges, organisations can shift from reactive to proactive approaches, building resilience and adaptability into their core strategies. 🔄 From Insight to Action One of the biggest hurdles is translating foresight insights into action. OPSI provides frameworks for moving from theory to practice, helping organisations create actionable strategies that are responsive to changing landscapes. 🚀 Systems Thinking To truly innovate, organizations must understand the complexity of interconnected systems. OPSI encourages a systems-thinking approach to foresee ripple effects and interdependencies, enabling more comprehensive and informed decision-making. 🤝 Collaboration for Impact Effective foresight requires breaking down silos. By fostering cross-departmental and cross-organisational collaboration, we can build a more holistic approach to innovation that brings diverse perspectives into the mix. 📊 Building a Culture of Experimentation OPSI advocates for a culture where experimentation and learning from failure are valued. This mindset shift empowers teams to test new ideas, iterate, and refine strategies, leading to more effective and sustainable innovation. The OPSI guide reinforces a powerful idea: foresight isn’t just about looking ahead; it’s about actively shaping a better future. At Luminar Innovation, we’re excited to apply these principles to help build a more resilient and innovative public sector. How is your organization using foresight to drive change? Let’s discuss in the comments! 👇 #StrategicForesight #PublicSectorInnovation #AnticipatoryGovernance #FutureReady #Innovation

Are you tired of innovation efforts that fizzle out after a few brainstorming sessions? You're not alone. (We even made a carousel about it 😊) Many organisations struggle to turn ideas into action. We believe in rethinking innovation as a holistic process, not just ideation. True innovation isn't about generating ideas and hoping they stick. It's about creating an environment where creativity thrives and ideas become reality. This means assessing your entire innovation ecosystem – from leadership to technology. By taking a comprehensive approach, you can: 💥 Identify strengths and improvement areas 💥 Guide strategic resource allocation 💥 Align efforts across your organisation 💥 Motivate teams by showcasing progress 💥 Overcome barriers to innovation Ready to move beyond brainstorming and build a culture of sustainable innovation? Let us know in the comments! #InnovationStrategy #OrganisationalGrowth #BusinessTransformation

Get your headphones out! 🎧 We have a podcast on Innovation Readiness! We've been experimenting with Notebooklm, a recently released research tool that gives you a personalised AI, grounded in the information that you trust. This means that you can collect up to 50 different resources like PDFs, links, YouTube videos and generate a conversation with them. Not only is the note generation interesting, but there's also a feature to create podcasts from these resources! Check it out - here's one based on our previous posts exploring innovation readiness! Listen here (You will need a Google account): https://lnkd.in/gAJf-VeJ #NotebookLM #ResearchTools #AI #InnovationReadiness

AI is driving a shift in business strategy. By combining AI, standardisation, and simplification, companies may pose a significant threat to the traditional Software-as-a-Service model. Klarna’s recent approach, leveraging AI and partnering with others to develop internal tools, highlights this trend. This could signal a new, more efficient way of operating. However, there are concerns about the feasibility of fully replacing robust SaaS platforms. Worth a read!

How often have we heard the phrase, "We need to innovate!" only to see it result in a brainstorming sessions with little follow-through? Maybe you have been thinking “Is my organisation the only one struggling with this?,” “Am I the only one feeling this?.” The short answer is no, you are not. This week, we are diving deep into how we assess innovation within our organisations. It's not just about generating ideas; it's about creating a holistic environment where innovation can thrive and sustain itself. There are six main pillars for innovation assessment: 🟢 Leadership: How do our leaders foster innovation through processes, systems, and culture? 🟢 People: Are we equipping our teams with the right skills and mindset? 🟢 Execution: What concrete activities support our innovation capabilities? 🟢 Business Practices: Which values, policies, and processes enable organisational innovation? 🟢 Collaboration: How do we build relationships that cultivate innovation across teams and borders? 🟢 IT Readiness: Are we leveraging technology effectively to embed innovation in our culture? For each pillar, we need to ask: 🟩 Awareness: Is this happening in our organisation? 🟩 Competence: Are we monitoring and improving these processes? 🟩 Excellence: Have we built a sustainable culture around this? An innovation assessment isn't just a checkbox exercise. It's a tool for understanding, improving, and transforming how we approach creativity and problem-solving. It helps us: - Identify our strengths and areas for improvement - Guide strategic decisions on resource allocation - Align efforts across the organisation - Motivate our teams by showcasing progress - Overcome barriers to innovation Innovation it's a systemic approach to listening to our organisation, understanding its rhythms, and knowing how to intervene (or not) to drive positive change without breaking what works. How does your organisation assess its innovation capabilities? Are you just ideating, or are you building a true culture of innovation? Let us know, we would love to have a chat about it! #Innovation #OrganisationalCulture #Leadership #ContinuousImprovement

Want to future-proof your business strategy? Imagine having a tool that helps you: • Anticipate market shifts before they happen • Test your strategies against multiple scenarios • Make data-driven decisions with confidence Sounds complex? It doesn't have to be. We've created a step-by-step guide to help you build your own future simulator. It breaks down the process of creating an AI-powered foresight tool into manageable steps. From data collection to scenario testing, it's designed to make advanced planning accessible to your team. The best part? You'll learn how to continuously refine your foresight capabilities. Whether you're in innovation, strategy, or leadership, this guide can help you navigate uncertainty with more clarity. Ready to enhance your strategic planning? How do you currently approach future planning? Let us know in the comments. #StrategicForesight #InnovationTools #BusinessStrategy

Looking for some models to structure foresight activities within an organisation? They are there! Following our recent discussion on Strategic Foresight, we've discovered an invaluable resource that further contributes to this crucial topic. VTT, a leading Finnish research organisation, has published a comprehensive guidebook on organising corporate foresight. Key Takeaways from VTT's Guidebook: 🧠 Foresight as a Core Competence: The guidebook emphasises viewing foresight not just as a set of tools, but as a fundamental organisational capability. 🔄 From Insight to Action: It provides frameworks for turning foresight insights into actionable strategies, addressing a common challenge in many organisations. 🚀 Moonshot Thinking: It explores how foresight can drive radical innovation and "moonshot" ideas, pushing companies beyond incremental improvements. 🏗️ Organisational Models: It presents various models for structuring foresight activities within an organisation, helping companies choose the best fit for their needs. 🌱 Cultural Transformation: It discusses how to cultivate a futures-literate organisational culture, emphasising the importance of widespread engagement. This guidebook complements our previous insights, offering a more structured approach to implementing foresight practices. It reinforces the idea that foresight is not just about predicting the future, but about systematically exploring possibilities to inform better decision-making today. What aspects of corporate foresight would you like to explore further? How does your organisation approach foresight activities? #CorporateForesight #Innovation #StrategicPlanning #FutureOfBusiness

Innovation Roadblocks 🚧 Every week, I talk to 5+ leaders about innovation. We've noticed a shift in the hurdles we're facing. It's got us wondering: what's really holding us back from meaningful innovation these days? We're keen to hear from you. In your organisation, what's become the most significant barrier to bringing new ideas to life? Is your main challenge not listed here? I'd value your insights in the comments. Your perspective might just shed light on a common issue we're all grappling with. Let's use this conversation to learn from each other and find practical ways to overcome these obstacles. After all, innovation thrives when we collaborate. #InnovationInsights #LeadershipChallenges #BusinessGrowth

Are you innovating or just keeping busy? 🤔 In the race for innovation, it's easy to mistake motion for progress. We've spotted 6 signs that might mean you're stuck in surface-level innovation. Recognise any of these? Don't worry, you're not alone. Swipe through to learn more and start your journey to meaningful innovation. At Luminar Innovation, we're passionate about helping organizations move beyond the surface. Ready to dive deeper? Let's chat! #InnovationReadiness #BusinessGrowth