When organizations innovate, the expectations are often tremendous. Significant financial success. Rapid adoption. Market disruption.
What if an innovation doesn’t deliver on any of those expectations, though? Does that mean that that innovation is a failure?
The answer is that failing to deliver on typical expectations doesn’t mean an innovation failed. Innovation successes can come in many forms. This is true even when the financial results don’t deliver the expected ROI.
The Wall Street Journal walked past this reality to hammer Amazon’s apparent failure in physical stores. Despite Amazon Go stores not taking off at the rate that they could have, the company successfully developed and commercialized its Just Walk Out technology. It’s now licensed across industries such as sports venues, airports, healthcare facilities, and education.
The lesson? If you define success too narrowly, you will overlook significant innovation wins.
Going to school on Amazon, here are credible ways to expand your definition of innovation success.
Innovation needn’t always deliver a billion-dollar business. Success can look like:
Innovation can succeed when it strengthens a company’s brand positioning and market influence:
One of the biggest overlooked innovation wins? Data. Even when an initiative falls short of plan, information gathering can create value through:
Defining success too narrowly risks missing the meaningful value in your innovation efforts. While many ideas fail financially, they can open new revenue paths, strengthen brand positioning, and generate critical market insights.
Winning at innovation isn’t just about hitting a home run. Sometimes, success means setting up the next great opportunity.
If you're rethinking how to define and deliver innovation success, Brainzooming can help. We work with organizations to uncover strategic opportunities, reframe innovation challenges, and design more adaptive strategies—so your innovation efforts create value, even when outcomes look different than expected. Whether you're launching new initiatives or reassessing past ones, let’s talk about how to broaden your innovation lens and unlock what’s next. - Mike Brown