Have you ever wondered why some companies are bursting with creative ideas but seem to struggle when it comes to making those ideas come to life? It’s like having a car full of gas but no keys to start the engine.

Sometimes, it feels like businesses can think up a million cool ideas, scoring a solid 5 or 6 out of 10 in the idea-making game. But when asked how well they are at putting those ideas into action, many admit they’re only hitting a 1 out of 10. So, what’s the hold-up?

Well, most companies have a main job: to be efficient and make money by doing the same thing over and over again without any hiccups. But when it comes to new and fresh ideas—what we call innovation—it’s a whole different ball game. Innovation isn’t predictable, and it doesn’t exactly fit with the regular way of doing things. So, trying to mix innovation with everyday tasks is like trying to fit a square peg in a round hole; it just doesn’t work.

This doesn’t mean that people don’t want to innovate. It just means that the way businesses usually work isn’t set up for it. It’s like asking a sprinter to run a marathon; they’re just not trained for it.

Now, you might be thinking, “So, do we need a special team for every new idea?” Not really. Some improvements can be made by the main team, but there are times when a separate crew is needed to turn those big ideas into reality. Think of it like a group of inventors in a lab, doing experiments away from the factory floor.

Let’s look at a real example. A company named Infosys, which used to only write software, decided to start giving business advice too. They knew they couldn’t mix this new venture with their usual work because it was like apples and oranges—just too different. So, they made a special group just for the new business advice side of things. They even figured out how to use some of the good stuff from their software business, like contacts with big companies, to help this new team succeed.

For this team to do well, the head of the team needs to be the right person—someone who understands both sides and can smooth over any rough spots. Plus, they’ve got to think things through without asking too much from the usual business. And since working together might not be easy, it’s important to cheer on the folks who help the new team by giving them a little extra credit.

When it comes to innovation, it’s not about never failing; it’s about learning fast from small mistakes instead of waiting until everything’s perfect. It’s a bit like detective work—looking for clues and following leads to make a discovery.

It’s probably no shocker that not every company can turn into an innovation factory. Yes, it’s cool to have new ideas, but someone’s still got to make sure the lights stay on and the bills get paid. That means most of the work should focus on making money right now. But to keep the company growing, leaders have to plant seeds for the future too. That means trying out enough new things so that one or two big wins can emerge. It’s like gardening: not every seed will sprout, but you hope a few will grow into something amazing.

Trying out new things takes guts, especially for the bosses, who have to be okay with shaking things up. It’s a big deal, like creating a whole new company inside the existing one. That’s why only a few of these innovation projects can be tackled at a time. It’s more about doing a few things really well than doing a lot halfway.

This is where Diversified Outlook Group can help. They understand the tricky balance between innovative ideas and solid execution. They can guide you in putting together a dedicated innovation team, help that team work effectively with the rest of your company, and figure out how to measure their success in a way that makes sense. It’s about finding the right keys to turn those ideas into a roaring engine.

Ready to get going on turning those great ideas into reality? Check out Diversified Outlook Group’s website and discover how they can help you master the art of innovation execution.