Sunday, April 3, 2022

Innovation

Both management innovation and innovation management start with a mind shift.

Due to the “VUCA” new normal, innovation becomes simply” creating value by solving simple or complex problems.” Innovation is an exploration, adoption, assimilation, and exploitation of value-added novelty in business, economic and social spheres. 

Digital leaders must realize that proactive innovation management and continuous adaptability are necessary in a rapidly changing world. Innovative organizations have deployed a range of different management, technology, process, and structural solutions, connecting a variety of dots to catalyze innovation.

Innovation & calmness: There is a full cycle of emotions behind innovation. When you learn to create an inner space of clear, calmness in the storming mind of thoughts, imagination, sensations, and reasoning, insights can be perceived, fresh ideas can be generated. There is the time to keep passion up, there is also the time to calm down, dispassionately analyze and make sound judgments in order to identify, discern, filter and implement ideas for achieving commercial value.

When we find calm inside, we sense the aura outside, to stimulate creative energy, feel calm to solve problems logically. We feel we create a kind of vibration, enthusiasm, and energy around us. Continue to see the importance of dealing with blind spots by learning how to be quick to listen, slow to speak, and slow to anger, providing calm inquiry clearing the blind spots to help find out innovative solutions.

Innovation & realization: Innovation is the process that can be managed. Realization indicates the wisdom that you have learned by observing your previous experimenting, and improving innovation effectiveness. The more complex the problem is, the more complex the innovation solution could be. Being innovative is a state of mind, realizing “We can't stay the same,” the realization only comes when the problem is perceived insightfully and solved in an alternative way. Organizational Innovation management has a strong role in business transformation, benefits realization, and innovation implementation

Innovation management is an iterative process based on a set of well-established principles for creating a sense of urgency and taking the time to ride the innovation curve for realizing ideas in a structural way. Indeed, all scientific principles relevant to the innovation strategy should be applied but with your artistic improvisation. Sometimes, energy usually gets focused on problem-solving, a realization becomes only possible if people are encouraged to think unconventionally, ideas can be managed seamlessly; the idea implementation approach can be integrated to solve complex problems smoothly.

Innovation & people-centric portfolio:
To improve innovation competency of the organization, a well-balanced innovation portfolio maintains a balance between exploration and exploitation; achieve coherence while allowing autonomy; maximize the output from the innovation team, in terms of adding value to the organization by delivering solutions to the aforementioned attribute. People-centric innovation management needs to streamline information flow, collaborate through communities with geographically-distributed teams, arise the opportunity to unlock latent expertise and catalyze business growth.

An implementable innovation strategy should directly support the overall business strategy by building a balanced portfolio of innovation initiatives. Innovation managers should create a sense of urgency to stretch up; it involves assigning responsibility for knowledge management within the organization, both maintaining and improving information/knowledge flow, with the goal to improve the organization’s collective learning agility and innovation competency.

Either dealing with innovation dilemmas or handling innovation paradoxes, it is part of the innovation management learning curve. Working in an innovation garden not only takes passion but also needs the process and hard work. There’s no one size fitting all innovation practice, Both management innovation and innovation management start with a mind shift. Rather than see innovation as a goal, it would be best to see it as a set of tools to be used to address specific business issues in running a healthy, growing business.






0 comments:

Post a Comment