Don’t make these mistakes when managing your innovation

Don’t make these mistakes when managing your innovation

We tell you about some mistakes that can be made when implementing innovative processes

Every step we take at Kaila is geared towards innovation, both our own and that of our clients who accompany us in the search for funding for their projects. But innovation is a process in which mistakes are made, and today we want to identify some of the most common innovation mistakes in order to anticipate them:

Lack of alignment with business strategy

If innovation is not aligned with the company’s strategic objectives, it will be difficult to obtain the expected results. Likewise, if management does not actively support innovation, it is much easier to find a lack of resources and resistance among the workforce. There must always be a long-term vision in the business strategy, and if innovation does not have this assumption, it can lead to limiting the sustainability and growth of the organisation.

Lack of implementation in the business culture

People are what make up organisations, and if they are not innovative, it will be difficult for the organisation to be innovative. If we want innovation to be in the soul and culture of the company, we need to promote it, train professionals, encourage them and, of course, have leaders who believe in innovation and practice it.

Not accepting failure

The fear of failure is very present in organisations. Instead of seeing failures or mistakes as an opportunity to learn from mistakes, many abandon ideas or even punish or penalise failure. However, embracing early failures can develop more efficient innovation networks at earlier stages and save costs.

Failure to communicate innovation internally and externally

Poor communication of innovation can lead to misunderstandings and hinder collaboration and exchange of ideas internally. This resistance to change through misunderstanding can cause innovation processes to stall or fail to develop to their full potential. If communication with the customer is not effective and fluid, it can also be detrimental, as the customer’s opinion will not be known and the innovative process may not meet their needs.

Thinking that technology is synonymous with innovation

Focusing on technology without a clear purpose or strategy can lead to inefficient investment and poor results. In addition, excessive focus on technology can neglect other important aspects of the organisation, such as commercial viability.

Failure to allocate resources

It is essential to dedicate material, human and time resources to innovation. Without financial investment, without people dedicated to it and without time for the testing of failures and their development, innovation will hardly have a context to emerge.