Actually there are both tangible and intangible elements that need to be knitted into the unique innovation competency of the organization.
The evolution of innovation only exists in the more open environments that create insights, take advantage of all sources of creativity in a more open way and leap innovation management to the next level of maturity.
Next vision of innovation: Due to unprecedented uncertainty and complexity, innovating to create something new or boldly solve something big requires that it proactively responds to the emergent situation. The key is the shared debate around what is important to the company and where they want to be. A good vision statement for business innovation inspires people to reimagine “what is possible ''; motivates people to "reach beyond their grasp," in pursuit of longer-term goals continually.
Pale vision with “near-sighted” views distracts people and discourages innovation. Good vision statement for innovation strategy provides guidance about what core to preserve and what future to stimulate progress toward. It will give direction. Innovating to create something new or dealing with something big requires proactively responding to the ongoing changes, taking initiatives to solve problems creatively.
Next practice could be the best practice of innovation: The practices that are "best" today are almost always not "best" in the future since practices, technologies and markets are constantly morphing under pressure from the waves of creative destruction that keep the business in innovation mode. If all companies follow the industry best practices, none of them could stand up as an innovation leader. Thus, truly innovative organizations involve every employee to have a clear business vision, and participate in developing the next practices for achieving innovation excellence.
The best practices shouldn’t focus on making static or rigid processes, but about setting the principles and standards to achieve innovation management excellence. Recognize and celebrate success, assessing key performance indicators, and gain “lessons learned”, etc, all of which are critical steps to developing the next practices for stimulating novel ideas and building the innovation capacity to reach the next level of innovation excellence.
Next stage to the last stage of innovation: Innovation is the process which can be managed in a structural way. People are innovators, not process or technology. Empowering people to contribute ideas and operate in their giftedness is crucial to make vision a reality. Moving to the next phase - generative learning allows employees at all levels to be open to new ideas, co-create fresh knowledge, experiment with alternative ways of doing things, learn from instead of condemning or punishing mistakes, errors, to reach the next level of innovation blossom. We are all new combinations of the known, with the mind power to discover unknowns. Therefore, being innovative, not just in doing innovation.
It is also true once you embark on a journey of innovation; it generally turns into a circular path versus linear way. In the sense that implementation of innovation strategies invariably points to new goals that require strategies to be updated and so on. There are different factors that impact innovation effectiveness. If you pick the right thing to alter, you can sometimes achieve enormous outcomes at little or no expenditure of effort on your part. This approach requires great insights and knowledge. In each stage of innovation management, define or quantify each parameter in terms of where the business is today, and then, what the figures would be for each parameter in a certain period of time to increase innovation success rate.
The business and economic environment play an important role in sparking creativity, catalyzing innovation for reaping the business benefits and delighting customers. Actually there are both tangible and intangible elements that need to be knitted into the unique innovation competency of the organization. You need new technology, new information, new processes, new customers, maybe a new business model. All that makes them very risky, but you will get great opportunities for producing innovative products/solutions that change your organization, your industry, or even the world significantly.
Next vision of innovation: Due to unprecedented uncertainty and complexity, innovating to create something new or boldly solve something big requires that it proactively responds to the emergent situation. The key is the shared debate around what is important to the company and where they want to be. A good vision statement for business innovation inspires people to reimagine “what is possible ''; motivates people to "reach beyond their grasp," in pursuit of longer-term goals continually.
Pale vision with “near-sighted” views distracts people and discourages innovation. Good vision statement for innovation strategy provides guidance about what core to preserve and what future to stimulate progress toward. It will give direction. Innovating to create something new or dealing with something big requires proactively responding to the ongoing changes, taking initiatives to solve problems creatively.
Next practice could be the best practice of innovation: The practices that are "best" today are almost always not "best" in the future since practices, technologies and markets are constantly morphing under pressure from the waves of creative destruction that keep the business in innovation mode. If all companies follow the industry best practices, none of them could stand up as an innovation leader. Thus, truly innovative organizations involve every employee to have a clear business vision, and participate in developing the next practices for achieving innovation excellence.
The best practices shouldn’t focus on making static or rigid processes, but about setting the principles and standards to achieve innovation management excellence. Recognize and celebrate success, assessing key performance indicators, and gain “lessons learned”, etc, all of which are critical steps to developing the next practices for stimulating novel ideas and building the innovation capacity to reach the next level of innovation excellence.
Next stage to the last stage of innovation: Innovation is the process which can be managed in a structural way. People are innovators, not process or technology. Empowering people to contribute ideas and operate in their giftedness is crucial to make vision a reality. Moving to the next phase - generative learning allows employees at all levels to be open to new ideas, co-create fresh knowledge, experiment with alternative ways of doing things, learn from instead of condemning or punishing mistakes, errors, to reach the next level of innovation blossom. We are all new combinations of the known, with the mind power to discover unknowns. Therefore, being innovative, not just in doing innovation.
It is also true once you embark on a journey of innovation; it generally turns into a circular path versus linear way. In the sense that implementation of innovation strategies invariably points to new goals that require strategies to be updated and so on. There are different factors that impact innovation effectiveness. If you pick the right thing to alter, you can sometimes achieve enormous outcomes at little or no expenditure of effort on your part. This approach requires great insights and knowledge. In each stage of innovation management, define or quantify each parameter in terms of where the business is today, and then, what the figures would be for each parameter in a certain period of time to increase innovation success rate.
The business and economic environment play an important role in sparking creativity, catalyzing innovation for reaping the business benefits and delighting customers. Actually there are both tangible and intangible elements that need to be knitted into the unique innovation competency of the organization. You need new technology, new information, new processes, new customers, maybe a new business model. All that makes them very risky, but you will get great opportunities for producing innovative products/solutions that change your organization, your industry, or even the world significantly.
1 comments:
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