A little over a year ago, I toured the Fort Myers, FL winter estates of Thomas Edison and Henry Ford two of my favorite business heroes.
Edison and Ford’s fascinating friendship is a story of mutual admiration and a story of curiosity, experimentation, persistence, inventions, failures, achievements and brand legacies.
Both had little formal education – Edison left school at age 8 and Ford had about 3 years – however, both achieved great success through radical life improving innovations that we continue to enjoy to this day.
In my business engagements, regardless of brand size, I’m discouraged by the lack of courage and innovation by most brand leaders. And, it’s sad.
It’s sad, because innovation can be achieved when you desire, demand and plan for it.
Both Edison and Ford believed in dreaming big and visualizing the impossible and making it possible. The had invention factories and labs (at work and at their vacation homes) and they believed in open collaboration and getting things done – acting on things – and fast failing.
So, my question is, “Where’s your invention factory?”
“What’s your process and how do you plan for it?
Are you a trailblazer, an industry leader or a simple follower?
For some time, I’ve felt that Americans have lost their innovation edge and others do agree, but brands such as Apple and Starbucks offer hope and guideposts (just wish I saw more American manufacturing innovators).
Much like Edison and Ford who believed in collaborative innovation work, Starbucks’ modern spin is its highly successful “My Starbucks Idea” which is an online crowdsourcing initiative that enables its raving fans to offer new ideas for products, brand experiences and involvement improvements.
My Starbucks Idea is celebrating its 3rd anniversary this month – and it’s Starbucks 40th anniversary too (read about their four new products)!
MSI is an awesome crowdsourced innovation tool. To date, it has generated (as of a few minutes ago) 107,450 ideas and launched 130 new ideas. In addition, people get to view ideas in action and see which ones are under review have been reviewed are in the works, and have been launched and demonstrates that Starbucks is a listening and caring brand.
I love the MSI concept and I’ll bet there is an crowdsourcing idea here worth exploring for you.
Think about ways to create your own invention or innovation factory be it online (Starbucks uses Salesforce.Com) or offline or a combination of both.
For example, you could simply start with having bi-weekly meetings with your staff to brainstorm innovative cost saving or revenue producing ideas.
However, if you don’t plan for ‘it,’ I guarantee you ‘it’ won’t happen for you!
P.S.: For more about Edison, check out Time Magazine’s feature, The Making of America: Thomas Edison. I found it ironic that there was a Starbucks banner ad when I first clicked on the link.
P.P.S: A great source of innovative companies to research and model is provided by Fast Company Magazine every year. Check out Fast Company’s 2011 Most Innovative Companies.