If you’re like a majority of business owners, you know the importance of developing and, or promoting a product or service that is unique and improves upon an existing process or procedure.
What’s also true, if you’re like most company principles you have spent, or are spending most, if not all of your time managing and overseeing the parts of your business that has to do with monitoring and tracking the efficiencies within your company.
Although there is nothing wrong or out of place with you doing this, the ongoing attention to these aspects of your business conflicts with an innovation mindset.
The good news is, you can retrain your mind and redirect your outlook to include the different aspects of innovation.
The Difference between a Business and an Innovation Mindset
In general terms, a traditional business mindset is always looking to improve the quality of products, services, and processes. On the other end of the spectrum, an innovative mindset issue mandates new and better ways to do business.
Another difference is, a traditional business leader can become shortsighted with a primary focus on the health of the next quarter’s results, while an innovation mindset is looking at the long term.
Traditional, age-old business problem-solving defines problems, recognizes solutions, examines the options intently, and then decides which one to utilize.
On the other hand, an innovative problem-solver insists that you first deeply understand a problem using deep analysis and by employing understanding, which may appear to be confusing when compared to each methodology side by side.
Modulate Your Points of View
When you’re in a position of leadership, it’s imperative you are flexible and are able to employ both a conventional and or innovative approach to managing as well as your decision-making processes.
A conventional approach will still work for a number of issues and you can apply a conventional solution in those cases. However, an innovative approach to problem-solving should be used in cases where the issue or challenge tends to be ill-defined and is in practical terms a complex problem with a high outcome.
By utilizing an innovative mindset, you will inevitably discover insights that will radically change your perspective on the solutions that are available when addressing possible solutions.
While conventional and business mindsets seem very different, innovation can largely be managed in a predictable manner.
Treat innovation like any other part of your business. In other words, break down and establish specific goals, objectives, and a workable process for achieving them you can follow. Then, appoint someone to be in charge and hold that individual accountable.
When setting goals, remember that the emphasis of the goals is on the inputs, not the outputs, as the outputs are unpredictable by nature. The process will require you to manage your team with the intention to effectively achieve results.
The bottom line is this:
Both conventional and innovative leadership practices can and do co-exist. By adopting this approach, you can help build a prosperous and truly exciting future for your organization.
Being a business owner or entrepreneur can be overwhelming and exhausting. So how do some people seem to thrive and achieve their goals and dreams while others struggle? The answer is the mindset.