Friday, July 6, 2018

The Monthly “Unpuzzling Innovation” Book Tuning: The Digital Flavored Innovation July 2018

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. Digital Master refers to those high-performing, highly innovative and high-mature (less than 15%) digital organizations; at the individual level, Digital Masters are those cross-generational digital professionals who are equipped with the advanced digital minds and build a unique set of digital capabilities. Talking about 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 are a lot of confusions about innovation and there is no magic sauce to guarantee its success. Innovation is not serendipity, but a discipline.
       

The Digital Flavored Innovation


The Digital “Flavors” of Innovation? Digital innovation has a broader spectrum and the hybrid nature. It comes in the variety of flavors and there are many opportunities in an enterprise to taste it. The companies who get the most from innovation effort have the right ambition, good leadership, and culture quintessential. The purpose of innovation categorization and differentiation is not about separating and siloing these management disciplines but how to best link them together - across focusing on core activities to develop innovation competency and manage a healthy innovation portfolio in a structural way.

The Next Cycle of Digital Innovation Management At the static industrial age, most organizations are focusing on improving margins by reducing the bottom-line cost rather than the top-line growth. For those organizations, innovations are still serendipitous. However, with increasing speed of changes and continuous digital disruptions, businesses today face fiery competitions and rapid digital shift either technologically or economically, innovation is no longer “nice to have,” but must have differentiated business capability. So, serendipity can be planned into innovation management. Forward-looking organizations take an evolutionary approach to manage innovation in a structural way.

The Multidimensional Digital Innovation There is no doubt innovation is becoming more important whereas technology becomes more advanced. Innovation is an exploration, production, adoption, assimilation, and exploitation of value-added novelty in business, economic and social spheres. Innovation is the core activity of human evolution of changing the environment to reach performance for profit, for saving of resources, for the satisfaction of customers, for expediting collective human progress.

Three Factors to Accelerate Digital Innovation There is no doubt innovation is becoming more important whereas technology becomes more advanced in the digital era. In fact, the speed of change is expedited, so does the speed of innovation. Innovation is the core activity of human evolution, to change the environment for advancement; to reach performance for profit, to improve efficiency for saving of resources, to sell products/services for the satisfaction of customers. And digital innovation has a much broader spectrum which includes both hard innovations such as products/services/processes/business model innovations, or soft innovations such as leadership/management/culture/communication innovation. Here are three factors to accelerate the pace of digital innovation.

Three “F” Factors in Digital Innovation Digital transformation represents a break from the past, with a high level of impact and complexity. There is no doubt innovation is becoming more important whereas technology becomes more advanced in the digital era. In fact, the speed of change is expedited, so does the speed of innovation. There are many key factors to lead the success of digital innovations. Here are three “F” factors in digital innovation.

The “Future of CIO” Blog has reached 2.5 million page views with about 4800+ blog posting in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. The content richness is not for its own sake, but to convey the vision and share the wisdom. Blogging is not about writing, but about thinking; it’s not just about WHAT to say, but about WHY to say, and HOW to say it. It reflects the color and shade of your thought patterns, and it indicates the peaks and curves of your thinking waves. Unlike pure entertainment, quality and professional content takes time for digesting, contemplation and engaging, and therefore, it takes time to attract the "hungry minds" and the "deep souls." It’s the journey to amplify your voice, deepen your digital footprints, and match your way to human progression.



0 comments:

Post a Comment