31. How to bring innovation into your company

The ONE Thing

NOVA Media

Entrepreneurship, Business, Careers

4.8 • 1.1K Ratings

🗓️ 20 April 2017

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

How do you build the business that puts you out of business? Whether you're an employee, entrepreneur, or intrapreneur, you have to find innovative new ways to stay in business every single day. Our guest, David J. Neff, is the author of IGNITE: Setting your Organization's Culture on Fire with Innovation. He will teach you how to support intrapreneurs, stay ahead of new trends, and build a system that fosters internal innovation. The ONE Thing to Implement From This Episode: Set your business up for success! Draft an internal innovation program for your business that nurtures the best talent, then implement it or pitch it. When you empower your people, you will be amazed by what happens. Step 1: Create an internal innovation program. Step 2: Create a review panel that considers new ideas on a regular basis. (They aren't a shark tank; they are mentors and coaches.) Step 3: Pick ONE innovative idea to pursue. Step 4: Task your intrapreneur with creating a business plan. Step 5: Review the business plan and decide on funding. Step 6: Launch, test, and learn. We go over this in detail during the episode, and you can dig even deeper in IGNITE: Setting your Organization's Culture on Fire with Innovation. In this episode you will learn... [11:20] How to unlock innovation within your company (in just six steps). [18:20] How ONE intrapreneur in a small business can spark massive innovation... if you set them up for success. [20:48] What happens to companies that don't innovate. AWESOME FREE RESOURCES FOR YOU! Form your first power habit with your 66 Day Challenge Calendar Check out our awesome blog! [FREE Training] How to Start Time Blocking TODAY! Links & Tools From This Episode IGNITE: Setting your Organization's Culture on Fire with Innovation by David J. Neff & Randal C. Moss Read more of David’s work at clearhead.me Learn more about Exponential Organizations Production & Development for The ONE Thing Podcast by Podcast Masters Mentioned in this episode: Factor 75 Head to FactorMeals.com/one50 and use code one50 to get 50% off. That’s code one50 at FactorMeals.com/one50 to get 50% off! Factor 75

Transcript

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0:00.0	This is the One Thing podcast where we teach you the surprisingly simple truth behind extraordinary results.
0:08.0	My name is Jeff Woods. I'm the Vice President here at the One Thing team.
0:12.0	In the last episode episode you got to meet
0:14.3	lolly dascal and she talked a lot about what's getting between you and your greatness she
0:19.0	calls it the leadership gap so if you've ever been wondering what's standing between
0:22.4	you and the results that you desire,
0:24.1	make sure you go back and listen to episode 30.
0:26.9	In this episode, we're going to talk about something that is at the core of what I have learned
0:31.6	from Gary Keller and Jay Papazan since I started working on the one thing team.
0:35.9	I'm actually standing in Jay's office right now and I'm staring at the whiteboard in the top left-hand corner.
0:41.1	In permanent marker it has a quote or it's really a question how do we
0:45.1	become the business that'll put us out of business now what this means is
0:49.8	when you look at your business if you want to build something that's truly going to last not just years or even decades, but possibly lifetimes, you have to be able to fend off all the competitive threats. You have to be able to
1:04.3	continually engage your customers. At the heart of doing this is a simple word.
1:10.9	Innovation. What does it mean to innovate though? Do you know how you can
1:17.0	bring innovation into your life whether that be in your business or your
1:20.0	personal life so that every single day when you are waking up you're constantly
1:23.2	looking out and asking what is the business that is going to put us out of
1:26.2	business and how do I create it first? This is something that Gary Keller has
1:31.0	done now three times as far as I'm aware with
1:34.8	Keller Williams where he has completely redefined what the company is.
1:38.7	It's not just a real estate company. It became a training in education company and today it was
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