Execution is your power and has gotten you the smooth running operation you are managing. You run a thriving business, and innovation is something you have tried to do on the side. To give the innovation opportunities the attention they deserve, you need a dedicated project team who will not be distracted by day-to-day activities.
You are in a situation that might look like this:
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Your idea is well thought out. Your BMC is version 1.0.
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The research is done to get started on an MVP.
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Your strategy is set up and approved.
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Management supports it and is enthusiastic.
But who will do the work now? Who will you take out of your lean operation to take on this bet?
Current Business
The current business brings in the money. In time this business has matured in an efficient machine, and it is required to keep it running for as long as (reasonably) possible. Your organisation is a line organisation and less used to doing projects the proper way. Most people in your organisation are entrenched in the current business; the innovation project is almost alien to them. How do you allocate resources to your innovation project without hurting your existing business (too) much?
This is where a dedicated project team comes in.
Dedicated Project Team
A dedicated project team is not distracted by the day-to-day operation of the business. Staff the team with a combination of employees and external help. The employees are made available specifically for the project. Temporary hires can fill the resulting gaps in the current business.
The benefit of the project is that it is done with your people to make sure the result lands appropriately in your organisation. The external help provides a fresh perspective that is unburdened by any judgement from the existing business.
For the existing business, it also helps continuity as much as possible. A few helping hands in the current lean environment can follow the excellent lead of your other employees.
Fresh Perspectives
A dedicated team for your project is going to make sure your innovation project gets delivered on time. There are no distractions from existing business, plus your existing business will continue when people are pulled away.
Are you looking to set up your own dedicated innovation project team and eager to integrate these fresh perspectives into your organisation?
