Monday, July 22, 2019

The Monthly “Dot Connections”: Innovation Dot Connection July 2019

The most advanced societies are diverse mixtures of peoples that can spark creativity and amplify innovation effect. 

The effects of an increasingly digitized world are now reaching into every corner of businesses and every aspect of organizations. Organization of the Future is an organization designed openly for anyone with ideas on how human organizations ought to be contrived in the face of the strategic imperatives of the digital era. The work is not the place you go, but a live organization and an experiment lab you can connect the future dots.

       

  Innovation Dot Connection


Innovativeness and Innovation Innovativeness is the capacity and competency to innovate, innovation is the act of being innovative and the result of innovativeness. Being innovative is simply about being different - think different, see things differently and figure out a different way to do things. Either individually or collectively, creativity is one of the most critical skills and innovativeness the key differentiator between the leader and the follower.

Innovation Best Practices vs. Next Practices The business practice is always a combination of people and how they are used to doing things. Digital is the age of innovation. Innovation is the process which can be classified scientifically and managed dynamically. Besides building a set of principles to follow, it’s also important to develop a set of innovation practices to scale up and amplify its effect. The point is that innovation is change, the overly rigid processes could stifle innovation and outdated practices perhaps fail innovation effort and decelerate the pace of innovation. So, best practices vs. Next practices, how to review and update them accordingly to unpuzzling the serendipity of innovation and improve the success rate of innovation management?

Innovation vs. Inclusiveness? Creativity is innate with many special ingredients; creativity can be developed if the conditions are right and there is inspiration, inclusiveness, encouragement, and abundance of knowledge. Innovation is then the management discipline to transform those novel ideas and achieve their business value. Many think there is no innovation without inclusiveness. The most advanced societies are diverse mixtures of peoples that can spark creativity and amplify innovation effect. So, how to involve people with different talent in creative thinking and actions? And how can you help to improve the harvest of the creative seed and accelerate the advancement of the society?

Creativity vs. Innovation Creativity is infused with an inner cohesion and comes from a vision of uniqueness. Creativity needs a problem, and a creative person needs a purpose. Innovation is to reinvent business, but not to reinvent the wheel. Innovation is about reinventing the business direction and purpose at any time. It defines strategy, profitability, and relevance at any given time. If you do not, you become commoditized and just like so many others who offer the same product or service. Innovation allows one to stand out and above the rest.

Breakthrough Innovation vs. Incremental Innovation There are two types of Innovations: (a) Radical which may be classified as Breakthrough or Disruptive, and (b) Evolutionary which has two components - Incremental and Spiral. Breakthrough Innovation and Incremental Innovation are not separated items, but it's rather a continuous flow that it goes from innovations that break a market or create a new one to the simplest continuous improvement.

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