« In Search of Bad Ideas | Main | Innovation Follows Strategy »

February 06, 2008

The Not-So-Fuzzy Front End

FuzzyA best practice at Fortune 100 companies is to see the front end of the pipeline not as fuzzy, but as crystal clear.  A systematic approach to innovation using an effective process can take away the mystery of the front end and create a sustainable growth engine. 

What is the “fuzzy front end” and why has this notion become so popular?  Calling the front end “fuzzy” perpetuates the myths of innovation.  “Fuzziness” is the term coined to suggest that innovation has lots of risk, is not systematic, and is more of a “eureka” moment.  One can schedule work, but you cannot schedule invention.

This is simply not true. You can schedule innovation.  A company like GE, for example, that is seeking 8% growth on a base of $207billion in sales, needs $17 billion in new revenue a year from innovation to achieve that. GE will not tolerate fuzziness at its front end of innovation.

For some, fuziness is more about how to select projects from among the ideas generated at the front end.  There are many tools available to help managers select the most appropriate projects.  The best of those use some form of weighted linear model

My advice: Create an innovation schedule.  Hold people accountable for generating new business opportunities.  Sharpen the focus, and reward teams that bring forward an exciting portfolio of current and future growth opportunities.  Accepting fuzziness in the front end is accepting slow growth.

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00e54ef4f376883400e5501363fe8834

Listed below are links to weblogs that reference The Not-So-Fuzzy Front End:

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Comments are moderated, and will not appear until the author has approved them.

About This Blog

  • Innovation is a skill, not a gift. It can be learned by anyone. Drew Boyd shares the corporate perspective on how to use innovation methods as the starting point for organic growth.

Step-By-Step Innovation

Twitter Updates

    follow me on Twitter

    TweeSpeed

    My Photo

    Choose Your Language

    The LAB

    • The LAB is a monthly column that demonstrates how to use innovation methods and tools. Blog readers are invited to pose a question or submit a product or service for The LAB . Drew will then show how to apply a systematic process to the product or service and create real, new-to-the-world concepts.

    Innovation Wiki

    Drew's Shared Items

    Drew's Delicious Links