The pandemic is forcing businesses to innovate at an unprecedented pace. The survivors can make innovation a long-term core strength by combining their experiences with newly proven principles.
Covid-19 is the ultimate ‘burning platform’, a powerful driver of strategic change. Companies have shifted their business models almost overnight and made, in days, major changes in IT and ways of working that would normally have taken months. Creative thinking and rapid prototyping overrode objections and bureaucracy. Innovation became a survival skill, but what were its key lessons?
Understand the power of constraints
Often, innovation is seen as creativity plus implementation. People take an issue, do some open-ended brainstorming, and enact a novel solution that meets the need. But, it turns out that we innovate best when given a difficult objective and tough constraints[1]. Covid-19 did that. Businesses faced challenges like, ‘Establish a new delivery channel to serve vulnerable customers and launch it in 48 hours’. Imagine if they’d had 48 weeks; we know they’d have used all of them and might not have produced a better result. Constraints that drove new thinking and fast implementation.