TGL017: INNOVATION

W/ AMARJIT CHOPRA

11 May 2020

On today’s show, I talk with Amarjit Chopra, the author of Managing the People-Side of Innovation.  He is an innovation expert and has studied how innovation actually happens within an organization.  Innovation has been called the greatest long-term competitive advantage – this applies to both organizations and individuals.  COVID-19 is forcing organizations to get creative in how they respond to the crisis.

Our natural instinct is to point out the flaws in other people’s ideas, but that only serves to shut down innovation.  You’ll discover that the subtle ways leaders react to other’s ideas can have a big impact on the innovation of an organization.  In addition, Chopra talks about the “Idea Growing Process,” and why all good ideas actually start as ideas with serious flaws. He also provides actionable tips and suggestions for how to lead a team through a creative problem-solving exercise.

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IN THIS EPISODE, YOU’LL LEARN:

  • Ideas are like ore or raw material, not finished products.
  • How natural innovators take ore and produce gold
  • Why you shouldn’t, at least initially, take ideas “literally”
  • Why you should always look for the non-obvious benefits of an idea
  • Why every meeting has two agendas – the task agenda and the ego agenda
  • How to react when your kids offer up a “bad” idea

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TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors may occur and slightly wrong time stamps dependent on which device you’re using may occur.

Sean Murray  00:04

Welcome to The Good Life! I’m your host, Sean Murray.

On today’s show, I talk with Mr. Jit Chopra, the author of Managing the People-Side of Innovation. Jit facilitates innovation workshops and creative problem-solving sessions for some of the world’s largest corporations. And let’s face it, we can all get a little better at innovation.

In today’s show, you’ll learn how to grow an idea, how we take an initial idea, which may, in fact, be deeply flawed, and transform it into a game-changer. If you want to be the kind of leader in your organization that drives innovation, Jit has a lot to offer. I think you’ll also find his innovation practices go way beyond business. They can make you a better spouse, a better parent, and a better friend. I hope you enjoy my conversation with Jit as much as I did. My friends, I bring you, Jit Chopra.

Intro  00:59

You’re listening to The Good Life by The Investor’s Podcast Network, where we explore the ideas, principles, and values that help you live a meaningful, purposeful life. Join your host, Sean Murray, on a journey for the life well-lived.

Sean Murray  01:22

Jit, welcome to The Good Life!

Jit Chopra  01:25

Good to be here.

Sean Murray  01:26

I’m glad to have you on the show and am excited about the topic of innovation and creativity. Many of us are facing this COVID-19 crisis. We are challenged with creative problem-solving, with getting creative about how we solve business problems and challenges. It’s introduced several challenges in our personal lives, and the need for creativity across the economic spectrum is just increasing.

I thought it would be great to have you on the show to talk a little bit about creativity. Using our mind to solve problems, how we deal with ideas, and work with others to solve problems and create solutions is not just a mystery. There’s some science behind it, there’s some structure, and there are some ways that we can get better at it.

I thought we’d start with just talking a little bit about innovation and creativity, and what those are because those are big words and sometimes we put a lot into those words. So how do you think about innovation and creativity?

Jit Chopra  02:22

Creativity can bring to mind all kinds of things from Picasso to Mozart to the art of scientists in labs. Innovation really is applied creativity to everyday situations, in business and personal matters. It’s how you develop some fresh ideas that offer us a better way of doing something, whether it be creating a new product, or the way we organize internally, or the way we act with our kids, talk to our kids, and involve them. It can be all those applied areas that you then begin to think of as innovation.

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