As published in
When it comes to innovation, focus is way more important than creativity.
I often hear that innovation is primarily about ideas and creativity. With over 20 years of speaking with top innovators around the globe, I am biased to disagree.
I believe that when it comes down to it, innovation is about leadership, communication, and execution. Without strong, informed leadership, there is no strategy, and without a strategy, there is no innovation. And communication and execution are what separate ideas from results.
To be truly innovative, it’s not enough to proclaim weak platitudes like “Be creative,” “Spark your imagination,” or “Think Bold”—let’s not confuse corporate propaganda with actual strategy.
To keep their organization innovative, leaders across levels and functions must hold themselves responsible for clearly defined pathways, actions, and measurable outcomes. Remember, innovation doesn’t happen naturally—so an environment for innovation must be incentivized and supported.
As I write in Fearless Innovation, when helping others shape their innovation strategy, I often think about the work of Abraham Maslow. If you’re not familiar with Maslow, he was a brilliant twentieth-century American psychologist, best known for developing the concept of Maslow’s hierarchy of needs, typically depicted as a pyramid consisting of five levels that address our material and immaterial human needs.
At the bottom level, we have our most basic physiological needs, such as food, shelter, and clothing. The next level up is safety, covering aspects like personal safety and financial security. Level three is that of friendship, family, and a sense of connection, known as the love and belonging level. The fourth level is esteem, including self-esteem, status, and the feeling of accomplishment. And the top level is self-actualization, basically a level that’s all about being the best people we can be, focused on a sense of morality, personal development, and creativity.
I believe that when it comes to innovation, any goal can fall under one of four main categories:
Aspirational Innovation. Human aspirations are a key driving factor, and pretty much every innovation throughout history originally resulted from an individual or a group of individuals pursuing their ambitions. When it comes to the business environment, ambition, curiosity, and legacy play a major role in many leaders’ plans, decisions, and strategies.
Innovation for Survival. Survival is the market position you need to retain to remain in business. If your competitors are on top of innovation and you aren’t, it’s likely that you’ll see a negative change in your market share, or your entire market might just go away. As a goal, “just surviving” may not sound all that exciting, but if you remember Maslow’s pyramid, basic survival is essential to prosperity and growth.
Innovation for efficiency. Operational efficiency relies on optimizing processes and costs in an effort to increase the speed of production or time to market. This goal, and any of its
Innovation for growth. Growth requires the greatest attention to the future. Here, your company shapes or creates new markets and increases its footprint and revenues. Ideally, innovation will ideally always lead to growth over time.
These innovation goals do not always come in a particular order and will vary based on current market conditions, as well as the maturity of your organization. If you’re a sole proprietor launching a new project, you may have different goals than a well-established corporation whose business model is quickly becoming obsolete. Then again, there are times when even their goals will overlap. Just like in the pyramid, as one set of needs is met, others arise, and they always will. Whether you’re focusing on one or all four, these goals will develop into an actionable innovation strategy.
Many might disagree, and my experience shows that a constant state of creativity does not move a company forward and could be counter-productive to getting results. To survive and grow, organizations need to develop actionable goals and strategies, mapped out in practical terms, that align horizontally and vertically, while identifying where innovation is necessary and efforts should be invested.
Remember, developing a clear innovation strategy is just the first step—you still have to execute on it, and you will surely pivot with time. Taking accountability and communicating to spread clear and measurable goals is where it all begins.
This article originally appeared in Thought Leaders LLC on December 12, 2022
What Alex Can Do For You
Developed and led AI and Innovation strategy for multiple Fortune 100 companies, driving double-digit revenue growth.
Over 20 years of hands-on experience driving transformative business and technology solutions for global brands like Dell, Amgen, IBM, Pfizer, and Cisco.
Recognized by Forbes as “One of the World’s Top Experts on Innovation” and named a “Top AI Keynote Speaker to Watch.”
Frequent contributor to Forbes, Entrepreneur, and Fast Company, sharing actionable insights on AI strategy, the future of work, and innovation.
What sets Alex apart from other top AI speakers and innovation experts?
With AI and innovation elevated to buzzwords, there are plenty of speakers in this space. While many offer insightful keynotes, few can bring the depth of understanding, hands-on experience, and diverse viewpoints that Alex can. Alex doesn’t just talk about AI and innovation. He’s led it at Dell, Pfizer, and Cisco. He’s sat across from C-Suite execs to build global innovation plans. And he’s resonated with audiences at Google, AWS, Disney, Coca Cola, and dozens of other companies with keynotes tailored to their unique AI opportunities. A frequent contributor to Forbes, Inc., Entrepreneur, and Fast Company, Alex has been identified as a Top AI Voice on LinkedIn. He is also the author of a Wall Street Journal Bestseller, Fearless Innovation. Alex’s style is personable, approachable, and human. It’s never caught up in techspeak, or jargon so he resonates with any audience. Learn more about what sets Alex apart. Get in touch.
How does Alex customize keynotes and workshops?
No two organizations’ AI or innovation opportunities, or challenges, are the same. So canned keynotes or one-size-fits-all workshops just won’t do. Instead, Alex uses AI and data to tailor his engagements with available pre-event surveys. Analyzing responses, Alex customizes his content to address key needs and pain points, ensuring his message is meaningful. Speaking with leadership and other event stakeholders, Alex further customizes the content to ensure resonance and relevance, engaging audiences. Add it all up and you have keynotes and workshops that feel like they’ve been created for you—because they were. Learn more about Alex’s methodology. Get in touch.
What events and audiences are right for Alex?
With so much experience leading large-scale innovation initiatives, Alex is able to reach and resonate with any audience, no matter their knowledge level, industry, culture, or department. Captivating audiences from a live stage, or a virtual event, Alex is a fixture at C-Suite summits, innovation conferences, policy talks, offsites, and employee all hands meetings, plus governmental and academia events. An audience looking for fresh perspectives, real solutions, and custom content will find Alex’s keynotes engaging and actionable with ideas they can start applying right away. Curious about Alex’s recommendations for your event? Get in touch.
What companies and organizations have worked with Alex?
Alex’s roster of past clients, keynote engagements, and employers reads like a Wikipedia entry of the world’s most innovative, respected organizations. Disney, Coca Cola, ISO, AWS, Google, LEGO, CAT, IBM, Cisco, Dell, and dozens of other organizations have benefited from Alex’s keynotes, workshops, and strategic advisory services. As the former Managing Director of Innovation Strategy at Cisco, leader of global Innovation Centers and Smart City programs in 7 countries, and creator of innovation tracks for 3 Olympics, Alex’s real-world experience magnifies his impact upon any organization he partners with. Additionally, Alex has worked hands-on with governments, industry groups,startups and scaleups, plus large academic institutions, like the University of Delaware and The University of California, impacting 300,000+ students and thousands of faculty.
What topics does Alex Goryachev cover in keynotes and workshops?
While every keynote or workshop is customized to an event or audience, Alex is often requested by clients to bring a fresh perspective and real-world expertise on topics, including: AI’s impact on work and education Innovation in the age of AI Building buy-in and reducing hesitancy towards AI Policy and ethics related to AI C-Suite and leadership insights on AI Employee engagement in innovation The impact of AI on society Use cases, solutions, and strategies for AI and innovation Innovation culture and proven frameworks Reskilling and workforce preparedness Education and academia policy Government AI policy and legislation For additional topic ideas and recommendations for your event, get in touch.
These aren’t just better ways to use ChatGPT, or create short-term buzz. This is what the most influential organizations on earth use to shape the future.