Savvy shoppers wait in anticipation, while Australian retailers are gearing up for the onslaught. Amazon’s arrival is imminent.
Just how did Steve Jobs and Marc Benioff of Salesforce.com fame become the gurus of creative thinking? Were they born with an inherent talent, or can you in fact learn to become a leading marketing innovator?
According to Jeff Dyer, co-author of the book The Innovator’s DNA: Mastering the Five Skills of Disruptive Innovators, becoming a truly creative marketing leader is something all of us can achieve, provided we adopt distinctive behavioural practices and are willing to take calculated risks. He spoke about his research into creative skills at the Adobe Digital Marketing Summit in Salt Lake City on 4-8 March.
As a sign of the importance of bringing creativity into marketing leadership today, Dyer cited a survey of 1,500 CEOs worldwide which found the top competency requirement is ‘to embody creative leadership’.
“I want you to realise and appreciate that innovation is your job,” Dyer told marketers at the summit. “That doesn’t necessarily mean product information, but also process innovation. Anytime you have a problem to solve at work, and you come up with a solution that hasn’t been used before, that’s innovation. And that’s what will make you and your companies successful.
“If you want to do something different, you will have to challenge the status quo. What our research tells us is that if you act differently first, you’re more likely to think differently and therefore be more innovative.”
One of the cornerstones to creative leadership is association, or lateral thinking. Dyer identified four behaviours that feed it: questioning, observing, experimenting and networking.
According to the Innovator’s DNA research, leaders of innovative companies (see list below) spent 31 per cent more of their time looking for innovative ideas using these four behaviours, than those at non-innovative companies (15 per cent).
“You have to have the courage to innovate, spend time at it and take some risks,” Dyer said. “You have to act differently if you want to think differently.”
So how do you tackle each of these?
Skill 1: Questioning - Good innovators tend to ask questions in two ways , Dyer explained. They either impose constraints around the parameters of the question, such as ‘what if we only had half the budget?’, or they ask questions that eliminate constraints.
Recommendation: “We found question-storming to be a good way to achieve this,” Dyer said. “Identify a problem you are trying to solve, but instead of brainstorming solutions, brainstorm only questions to the problem. Until you answer those, you probably won’t know how to come up with a really good solution. At the end, prioritise top 3-5 questions that should be addressed first.
“Also push others to imagine the future by asking ‘what if’ questions.”
Skill 2: Observing - It’s crucial as a marketer to become more observant, as you want to make sure you really understand what other perceive you’re doing in the market, Dyer said.
Recommendation: “ You could swap your marketing teams with another company to improve observing,” Dyer suggested. “Otherwise, put yourself in a new environment and you will have new opportunities to learn. New associations will emerge.”
Skill 3: Experiment - According to Dyer, a common thread for experimentation is using an hypothesis test. However, his research into innovative leaders found they also take the time to learn new skills and are willing to try something new by seeking different experiences, or even taking things apart.
Recommendation: Digital marketers should be doing lots of A/B testing to see how a different group of customers respond to a slightly different experience. The more tests, the better chance you have of seeing something new, Dyer said. “We should be doing lots and lots of these experiments to understand how people respond to our products and services.”
Skill 4: Networking - Do you talk to others about the problems you are facing? Well, you should be. Dyer said it’s important for marketing leaders to build an ideas network to sound out problem they’re facing.
Recommendation: The more diverse your network, the better chance of finding a creative solution, Dyer said. “If you’re going to be a more creative problem solver, you need to get input from others who can offer a different perspective and who see things differently from you. If you can have a dialogue about problems, challenges you face and get a new perspective, you’re more likely to have a creative idea.”
The world’s most innovative companies
The Innovator’s DNA and Forbes have created a list of the most innovative companies based on an ‘innovation premium’ index. This is a measurement of the current market value of existing businesses using cashflow and financial analysis, against the stock price value. The higher the value of the stock, the more expectation of innovation, Dyer said.
- Salesforce.com 75.1 (innovation premium)
- Amazon.com 58.9
- Intuitive surgical 57.6
- Tencent Holdings 52.3
- Apple 48.2
- Hindustan Unilever 47.7
- Google 44.9