Sunday, January 17, 2021

Book"Performance Master" Insight: Innovation-Indicator

Innovation is not serendipity, it’s a managed process of transforming novel ideas to achieve their business value in a tangible way.


Corporate Performance Management is a management control from strategy to the shop floor. "If you can't measure, you can't manage," legendary management guru Peter Drucker once asserted. Managing performance means understanding results, setting metrics, fixing plans, and making decisions to ensure it happens. 

It takes multifaceted approaches from multidimensional perspectives to unlock digital performance and catalyze change.


  

    Innovation Indicator 


Innovation-Indicator As the saying goes, “You can only manage what you measure.” Digital Organizations are like organic systems that keep evolving. The performance of the total “system” is independent of the performance of any one of the functions and depends more on how the functions relate to each other, the “space” between functions. In fact, the very goal of running a high performance business is to ensure the business as a whole is superior to the sum of pieces.

Innovation-Measurement Innovation is not serendipity, it’s a managed process of transforming novel ideas to achieve their business value. You can only manage what you measure. Innovation is a management process which needs to be measured for making continuous improvement. Given the dynamic nature of digital organization and the complex mix of its resources and business factors, a well-defined set of innovation performance metrics need to be considered in better measures of innovation success such as revenue sustainability, customer satisfaction, knowledge accumulation, brand reputation or price elasticity, etc.

Innovation-Metrics Innovation is about making differentiation. Forward-looking companies will spend more resources on innovation investment and take a scientific approach to decode innovation serendipity. Innovation as a management process needs to be measured for making continuous improvement in order to reap the fruit for gaining long term advantage. Innovation measurement is challenging, it takes innovation to measure innovation performance.

Innovation-KPI For many businesses, creativity is the mystery and innovation is a serendipity. In fact, innovation is how to transform novel ideas and achieve its business value. Due to the hyper-complexity of modern businesses, innovation is also about reducing the unnecessary business complexity to tackle the complexities of business dynamics. It can be managed in a structural way. If you can only manage what you measure, how to measure innovation effectively?

Innovation-Maturity For many organizations, innovations are still serendipitous. However, serendipity can be planned into an innovation project. Serendipity is not a lucky accident, and it can be planned and worked upon. It has a lot of determination and divine providence for those who believe in that. Serendipity will always play some part in the innovation effort, but innovation is both art and science, Innovation Management is a scientific management discipline, how do you assess innovation management maturity, though?

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The "Performance Master" Book Amazon Order Link

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The "Performance Master" Book Introduction Slideshare

The "Performance Master" Book Preview

The "Performance Master" Book Introduction

The "Performance Master" Book Chapter 1 Introduction

The "Performance Master" Book Chapter 2 Introduction

The "Performance Master" Book Chapter 3 Introduction

The "Performance Master" Book Chapter 4 Introduction

The "Performance Master" Book Chapter 5 Introduction

The "Performance Master" Book Conclusion

The "Performance Master" Quote Collection I

The "Performance Master" Quote Collection II

The "Performance Master" Quote Collection III

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