It is important to take a unique innovation practice with a mix of different approaches to addressing the needs, fine-tune processes, cultivate talent, and achieve innovation excellence.
There are many ingredients to build innovation competency, such as open-mindedness, interdisciplinary expertise, learning agility, patterns understanding, etc. The world becomes more dynamic, innovation is for renewal; it is equivalent to sustainability and resilience for an increasing number of hyper-connected enterprises and industries.
Businesses are looking for “absorptive capacity,” and innovation capability: We don't really know the future of the industry or the environment, but we prepare ourselves to create it better and compete in it. Innovation is a level of response to business entities and its challenges, with information as the clue; ad technology as the enabler, not necessarily a rapid response but a creative, unconventional solution.
Innovation has a very low success rate. It takes a strategic perspective to expand the management view of the condition/viability of innovation capability of the companies. It actually needs to break down outdated rules or inflexible processes, take a structural approach with robust processes to harness cross-boundary communication, deal with conflicts and tensions smoothly, to improve innovation management effectiveness.
Innovation is not serendipity, there is hidden logic underneath: It’s important to have the fitting mind to see which innovative solution works best to solve problems logically. Innovation has three iterative phases: discovery of a problem or new idea, designing a prototype, and producing commercially astute solutions. There are classic qualifiers (novelty, value, implementation). So the best point of view is to see innovation as an integral system, being capable of developing organization-wide capability logically.
But just because innovation is greatly influenced by external circumstances full of uncertainty, it doesn't mean the innovation system of the organization is or should be unstructured. The robust process and tools that enable businesses to generate winning concepts for innovation management on a consistent basis, is the prerequisite for sustaining business growth and building an innovative business.
In order to build a creative workforce and reinvent an innovative society, predicting risks and preventing problems are crucial to spark innovation: There is no innovation without innovation embedded in it. Courage, persistence and determination, are great psychological factors to shape an innovative mindset. Tolerance of ambiguity, risk-intelligence, retrospection with less scripted behavior, are crucial to lead innovation effectiveness.
In evolutionary terms, from risk control mind to risk management to risk intelligence, individuals or organizations develop the right dose of risk appetite, improving their resilience, through accumulation of enough resources to thrive. They are able to capture opportunities in risks and adapt to uncertainty and changes. That shift is crucial to improving innovation success rate.
The essence of innovation is made of trying new combinations of known things. It's the essence of evolution. It is important to take a unique innovation practice with a mix of different approaches to addressing the needs, fine-tune processes, cultivate talent, and achieve innovation excellence.
Businesses are looking for “absorptive capacity,” and innovation capability: We don't really know the future of the industry or the environment, but we prepare ourselves to create it better and compete in it. Innovation is a level of response to business entities and its challenges, with information as the clue; ad technology as the enabler, not necessarily a rapid response but a creative, unconventional solution.
Innovation has a very low success rate. It takes a strategic perspective to expand the management view of the condition/viability of innovation capability of the companies. It actually needs to break down outdated rules or inflexible processes, take a structural approach with robust processes to harness cross-boundary communication, deal with conflicts and tensions smoothly, to improve innovation management effectiveness.
Innovation is not serendipity, there is hidden logic underneath: It’s important to have the fitting mind to see which innovative solution works best to solve problems logically. Innovation has three iterative phases: discovery of a problem or new idea, designing a prototype, and producing commercially astute solutions. There are classic qualifiers (novelty, value, implementation). So the best point of view is to see innovation as an integral system, being capable of developing organization-wide capability logically.
But just because innovation is greatly influenced by external circumstances full of uncertainty, it doesn't mean the innovation system of the organization is or should be unstructured. The robust process and tools that enable businesses to generate winning concepts for innovation management on a consistent basis, is the prerequisite for sustaining business growth and building an innovative business.
In order to build a creative workforce and reinvent an innovative society, predicting risks and preventing problems are crucial to spark innovation: There is no innovation without innovation embedded in it. Courage, persistence and determination, are great psychological factors to shape an innovative mindset. Tolerance of ambiguity, risk-intelligence, retrospection with less scripted behavior, are crucial to lead innovation effectiveness.
In evolutionary terms, from risk control mind to risk management to risk intelligence, individuals or organizations develop the right dose of risk appetite, improving their resilience, through accumulation of enough resources to thrive. They are able to capture opportunities in risks and adapt to uncertainty and changes. That shift is crucial to improving innovation success rate.
The essence of innovation is made of trying new combinations of known things. It's the essence of evolution. It is important to take a unique innovation practice with a mix of different approaches to addressing the needs, fine-tune processes, cultivate talent, and achieve innovation excellence.
0 comments:
Post a Comment