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Principles of Innovation Mark Faust  www.Growth OrBust.com ,[object Object],[object Object],[object Object]
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Innovation - Turnaround
… the Definition of Marketing
… the Definition Of Innovation
The Steps to Building An Innovation Culture
Top Down
Clarify Your Innovation Values
Get All Hands on Deck... ...set i-objectives
Initially Focus on Quantity vs. Quality
Consistently Communicate Implementation & Successes
Give Specific and Universal Rewards
Make Innovation a Mobius Loop
Innovation Must Be Holistic
Innovation Includes and Focuses on the Customer
Innovation Involves BOTH  1. The Organizational &  2. The Individual’s Opportunities for Contribution toward Improvement  & “Individuals” can include Vendors & “Individuals” can include Vendors
Direction vs. Size of Dollars
[object Object]
Connecting the Unconnected
Respectfully Challenging the Status Quo
Flipping
Embrace Constraints
Study Customers Like a Scientist  = “genchi genbutsu”
Networking
The 7 Step Echelon Innovation Process™ EIP™ to Echelon Your Team Toward Growth
1. Listing Opportunities   2.  Prioritizing Opportunities  3.  Inviting Participation  4.  Gathering Ideas 5.  Decision on Implementation 6.  Communicate Implementations 7.  Reward & Celebrate!
[object Object]
 

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