Saturday, January 28, 2017

The Monthly “Unpuzzling Innovation” Book Tuning Jan. 2017

In essence, innovation is, "intentional novelty bringing sustainable benefit."


Digital is the age of innovation. And innovation is what leads to differentiation. There are many ways to differentiate and, therefore, there are many ways to pursue innovation. Talking of innovation is not new nowadays, everybody, every organization now is talking about innovation. It's been at or near the top of the business or economics agenda for a long time. However, there’re a lot of confusions about innovation and there is no magic sauce to guarantee its success. Back to basic, what is innovation, the more you look into this topic, the more difficult to give a definition of innovation, as it is such a broad topic? One of the good definitions of innovation is: "to transform the novel ideas into commercial success. In essence, innovation is, "intentional novelty bringing sustainable benefit."


    “Unpuzzling Innovation” Monthly Book Tuning

The New Book "Unpuzzling Innovation" Introduction: Mastering Innovation Management in a Structural Way: Digital is the age of innovation. And innovation is what leads to differentiation. There are many ways to differentiate and, therefore, there are many ways to pursue innovation. Talking of innovation is not new nowadays, everybody, every organization now is talking about innovation. It's been at or near the top of the business or economics agenda for a long time. However, there’re a lot of confusions about innovation and there is no magic sauce to guarantee its success. One of the good definitions of innovation is: "to transform the novel ideas into commercial success.” In essence, innovation is, "intentional novelty bringing sustainable benefit."


“Unpuzzling Innovation” Book Tuning: Managing Innovation with Structure? Digital is the age of innovation. Because innovation is what leads to differentiation. Differentiation creates the business advantage. There are many ways to differentiate and, therefore, there are many ways to pursue innovation. Innovation is to transform novel ideas and achieve its business value. In essence, innovation is, "intentional novelty bringing sustainable benefit." Innovation shouldn’t be serendipity, it needs to be managed in a structural way.


Five “A”s in Innovation Management Digital is the age of innovation. The blurring border of the digital organization and its business ecosystem make the world hyper-connected, but also over-complex. Organizations today can no longer rely on a single individual or team to drive innovation. It often has to be managed in a structured way across the organizational scope and digital ecosystem. It is largely due to the fact that innovation in the digital dynamic has become increasingly complex in nature and expands its horizon for impact. Innovation needs to lay out different mindsets, structures, processes, capabilities to unleash its potential.


The Achilles Heel of Innovation Management Businesses today face fiery competition and rapid digital shift either technologically or economically. Most of the organizations are focusing on improving margins by reducing the bottom-line cost rather than top-line growth; because innovation and risk are proportional, also because very few organizations can master innovation and generally it has a very low success rate. So what is the Achilles Heel of innovation management? And how can organizations improve their innovation capability and reap more business benefit from it?


Well-Prepare the "Digital Storms" to Accelerate Business Transformation  Digital storms are like the nature rainstorms, could be welcomed in one place and becomes overwhelmed at the other places. Whether it is perfect or not is circumstantial. The emergent digital dynamic is about hyper-connectivity, hyper-diversity, and hyper-dynamism. The exponential growth of data causes information storms; the increasing speed of changes leads to “business transformation storm”; the fierce competitions and people-centricity drive innovation storm. Moreover, these “digital storms” do not happen in isolation from each other in predictable ways. They act as a complex and unpredictable way. So, how to well prepare for them and reap significant business benefits through them?


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