Thursday, April 7, 2022

Innovation

Variety, hyperconnectivity, diversification, cross-boundary collaboration, and structural flexibility increase innovation intensity and expand the ever-evolving digital innovation ecosystem.


In today's interdependent global economy with a high level of unpredictability, uncertainty, and unrepeatability, that will need a new model of thinking, innovating, and transforming.

Better you create an atmosphere where people are encouraged to develop creativity and be innovative from an individual endeavor to a team activity and a collective effort, the higher the horizon of creativity is expanded and the faster the growth potential can reach the next level of influence power.


Innovation & consequence: Innovation is not serendipity, but a process that can be managed. The organization must allow for learning, experimentation and failure. Risk management is a part of innovation management by predicting and preventing, understanding sequence and consequence of innovation practices. The purpose of assessing risk against consequence criteria is to determine what risk must be managed, and who needs to be involved in that management, make inferences about those consequences for improving innovation success rate. Forward-thinking digital businesses today should advocate critical thinking, appreciate thinkers of consequence, not thinkers of convenience.

Innovation is about breaking down the conventional ways of thinking and doing, understanding the sequence-consequence of innovation management involves the continual attention to current changes in the organization and its external environment, how this affects the future of the organization, how to enhance an iterative innovation management continuum. Organizational management needs to have objectivity and discernment, incorporates the multi-faceted aspects of the knowledge system, and intuitive behavior, applying information-driven judgment skills to deal with assumptions & unconscious bias, practicing inferential consequences to lead innovation in a structural way, and drawing implications for future actions.

Innovation & grace: Innovation is about pursuing better ways to do things. Graceful resolution is one that achieves such a purpose in a very simple elegant way and moving to a higher dimension for delighting people. Collaborative innovation involves optimizing processes to reduce tensions, frictions, and conflicts that arise, making all things get together gracefully to reimagine the workforce or a living community.

The context for grace is the appreciated environment-that includes all those relationships we cannot influence or control. The things we can do are to keep consolidation, simplification, and harmonization. Ensuring we pay equal attention to what we can understand, influence and appreciate. Grace has an aesthetic quality. The original meaning of aestheticism has to do with perception. Unique perception leads to fresh insight or new concepts. Grace becomes the theme if we handle issues properly and solve problems elegantly with response-ability, appreciation, and diversity,

Innovation & conjunction:
Innovation is about leveraging multidimensional thought processes to think, connecting wider dots to generate fresh ideas. There is a conjunction of cognitive and philosophical thinking to discover truth and purpose behind innovation, seek reason or to reframe its approach to solve problems alternatively. Instead of relying on innovation management dictated from the top, organizations will be populated with knowledge professionals who leverage collaboration platforms and tools to create fresh ideas in conjunction with each other, streamline idea flows and improve innovation success rate.

There are paradoxes and tensions in innovation management. The winning companies continuously invest in their team’s skills technically, professionally, and strategically, balance control and autonomy. Innovation effectiveness is related to company culture, meaning that only certain teams in the organization are considered capable of developing great ideas for generating revenue. The best way will vary by company and by the openness of the business leaders to embrace great ideas, develop alliances; there is a conjunction of cross-functional communication and collaboration to improve idea management. The “continuous capability development” approach makes them more innovative, responsive, and agile as their markets change.

So, without management innovation, companies tend to renovate rather than innovate. To demystify innovation, businesses today have to make the strategic choices all the time of where and when and how they innovate. Variety, hyperconnectivity, diversification, cross-boundary collaboration, and structural flexibility increase innovation intensity and expand the ever-evolving digital innovation ecosystem. Innovation needs to become differentiated business capability and disciplined management practices.


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