Step 1: Set some objectives for a clearer idea about the sorts of organisational priorities you should invest time in. These can also provide goal posts to aim for over time -- a powerful motivator!
Step 2: Establish a timeframe. Some of your objectives may be met over short periods. Other objectives might need longer term commitment. The important thing is to think about what you want to achieve and what assets are available within your timeframe to help you reach your goals.
Step 3: Capture interesting ideas from a wide variety of conversational and interview sources. Create physical environment layouts that encourage greater interactions and exchanges between people who contribute constructive ideas.
Step 4: Prioritise useful ideas by discussing them with stakeholders and re-imagine newer uses for older ideas.
Step 5: Establish a realistic budget. Determine what you can achieve and sustain within your budget.
Step 6: Convert promising concepts into stakeholder-approved plans for real services, products, processes, or business models.
Step 7: Build upon the knowledge and experiences gained from previous innovation process cycles. If necessary, return to Step 1 and start the cycle again.