How We Think About Innovation

Innovation is the effort to create purposeful, focused change in an organization’s potential. Successful innovation aims to determine from the beginning the direction of a new practice or technology. Innovation must have leadership from the beginning to be successful. Farragut is an expert at providing the leadership.

The Innovation Process

The diagram below illustrates a typical innovation process that many companies adopt to control which ideas develop and mature.

Based on the discussion that comes out of the meetings between Farragut and the customer, the customer may choose to investigate certain ideas further. Farragut can partner by researching and refining the ideas to share for future discussion. Farragut is in a unique position to leverage in-house knowledge to research concepts, market trends, technical possibilities, etc. and can host summits/conferences to enrich the discourse.

Summary

Innovation is the effort to create purposeful, focused change in an organization’s potential and requires a commitment to a systematic process. Farragut has the expertise to clarify the source of ideas and stimulate discussion to form processes by which those innovation ideas are shared and refined.