One of the primary ways we seek to build a competitive edge is to come up with great ideas – ideas that give us an advantage over competitors.  But there seems to be more competitors every day, so the pressure to create a more unique value proposition is amplified daily. So where do ideas come from? Let's start with moments of inspiration.

Some good ideas come from a eureka moment. Classical scholars will recall the story of the Greek philosopher Archimedes of Syracuse, who coined the term. He was pondering a problem — how to determine whether a gold crown given to his patron was real solid gold or a worthless substitute.

As he was thinking of the problem, he went to take his daily bath, got into a full bathtub, observed that the more his body sank into it, the more water ran out of the tub, and realized he had found a method for measuring the volume of irregularly-shaped objects, meaning he could find out whether or not the crown was pure gold. When he figured this out Archimedes shouted, “Eureka!” (roughly meaning “I've got it”).

Although this eureka method is one method for developing a good idea, we will not, however, advise acting out the rest of the story — which is that Archimedes then jumped out of his tub and ran naked through the streets of Syracuse. That wasn't such a good idea. The trouble with relying on eureka moments for inspired ideas is that they tend to be related to a specific, well-defined problem. 

Frequently, we are dealing with more ambiguous problems. We have to think up the right question to consider before we think through the best solution. This is the concept behind disciplined methods of improving processes and developing new products and services. If you can clearly define the most important problem for your customer, you are much more likely to come up with good ideas that will help your organization satisfy those customers.

Techniques used by great thinkers can help everyone be successful at idea generation. For example, Albert Einstein is reputed to have come up with his great ideas by using a systematic method. While walking or riding a bike, he would conduct thought experiments, wherein he would imagine a set of conditions and think them through to their logical conclusion.

As another idea source, think about the creation of Facebook as depicted in the movie “The Social Network.” Since Facebook seemed to come out of the blue, there is a temptation to say it was created via a eureka moment. However, as you watch the movie, you become aware that Facebook was an evolutionary idea, not a revolutionary one. Myspace already was out in the public as a social networking option.

Facebook evolved from combining elements of Myspace with the idea that college students want to find dating partners. So consider combining familiar ideas to create a new approach. Also remember collective knowledge exceeds personal knowledge. By setting up a good method of eliciting ideas from a group in a context where members can brainstorm, you'll generate ideas and improve them in the crucible of immediate peer review.

One example where this has worked for me is in a small group environment, where ideas are shared, discussed and prioritized by a group of subject matter experts, with the planned outcome being generation of one or more ideas to put into action.

This works best when the group shares a common objective and interest.  To avoid the “too many cooks…” problem, the group must have an arbiter, someone who decides the shape of the final idea. Our Declaration of Independence came from such a group.

Of course, it didn't hurt that Thomas Jefferson was the arbiter and major author. Finally, “we can top that” thinking is always a way to come up with ideas. This works especially well when you are dealing with segmented products to meet specific demographics.

For example, when one brand of beer puts 64 calories into a bottle, another squeezes the calorie count to 56. Is either of them better than a nice bottle of IPA? Not to me. Which gives me an idea…

Marty Traynor is vice president of voluntary benefits at Mutual of Omaha. He can be reached at [email protected].

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