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#487: Where is Innovation in Your Practice Coming From?

Posted By Mark Haas CMC FIMC, Tuesday, January 25, 2011
Updated: Tuesday, January 25, 2011
I know that my consulting practice should be changing as fast as the businesses of my clients. I just don't have time to create new lines of service. Any ideas how to put a little more innovation into my practice?

Good question, and one many consultants don't ask themselves. Whether you call it staying fresh, ahead of the curve, or innovative, consultants must constantly create new value. Let's talk about how.

Your source of innovation should come first from your clients. They are either in need of new services or are actually asking you for additional services. Be attentive to their needs and discuss possible new services with them. Challenges for one client are likely similar to current or imminent challenges for other clients.

The second source of innovation is from your colleagues and from consulting conferences. Members of your network are providing services that, with a few adaptations, could add to your own. Find a collection of consultants with diverse practices who discuss trends in consulting and are also looking to innovate. Conferences like IMC's Confab are great places to meet with senior consultants with whom you can develop new areas of interest and potentially team.

Tip: However you decide to innovate, do it through a steady process, whether you develop new areas of practice or are tweaking current ones. Take one of your primary services and spend a month improving it. Find a more effective way to describe your service to prospective and current clients (this might give you some ideas about what areas of value might be missing). Ask colleagues for examples of how they provide similar services. Finally, ask your clients how you could improve your service. Work on innovation, don't just wait for it to happen.

© 2011 Institute of Management Consultants USA

Tags:  innovation  knowledge management  trends 

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