Friday, June 23, 2023

Innovation

It presents the recognizable rhythm to keep the business moving forward with the right pace and drive humanity forward steadfastly.

Organizational ecosystem is dynamic, implementation is usually more important than design in a “VUCA” world, yet the act of planning or design is crucial as a way of gaining shared intents. Business managers need to ponder: How does the business initiative differentiates the organization from its major competitors? 

It is critical to identify and strengthen the weakest link of implementation, and determine how each part of the organization, including all of the key functions must "put all things together" to bring tangible business results and reach the clarified business vision ultimately.

Implementation is an integral practice for manifesting innovation: It’s important to take an integrated approach for idea implementation; and every step is essential in reaching a specific outcome. If ineffective program/portfolio management practices become the norm, people at all levels often become complacent and ineffective, it is time to change. The top managers need to have a holistic perspective and ability; deal with organizational requirement dependency, relationship interdependence carefully in order to solve problems cohesively.

It takes the time to thoughtfully think about the specific issue of boundaries, engender new perspectives or actions as part of the process of a cross-disciplined management approach. It is transformational to “step outside” of the business system for having different perspectives to gain an in-depth understanding of the business dynamics, manifest creative ideas and implement them smoothly.

Implementation will never be simple, but you can streamline the logical scenario with a good alignment of people, process, and technology: It’s critical to deliberately close alignment among the company’s direction, its products and services to execute the capability-based innovation. Organizations should apply the best fit methodologies that simplify the strategy implementation to achieve high performance results.

The resource allocation scenario needs to be transparent, help management take advantage of resources effectively, and optimize cost. Information management needs to ensure data quality and establish strong governance in information synchronization. The large-scale innovation or business transformation in the business ecosystem can be achieved via strategic agility and organizational structural flexibility.

Implementing ideas and communicating them frequently such that it is used by all employees and managers: Define the requirements and identify the right methods and practices. Keep one eye on the operation, the other on the horizon. Continuously try to improve/develop/change everything in a prioritized order as long as it creates a more long-term value. In order to enhance the iterative planning and implementation cycle, the senior or mid-management needs to take more of the lead. What needs to be done to achieve the strategic vision, bridge gaps of designing and implementation, and achieve high performance results?

Innovation is often unconventional, the radically different social and economic structure will be needed and the holistic digital perspective is imperative. To make smooth implementation, the implementation planning needs to get to the level of specifically achievable goals via logical navigation, such as "who is doing what, with whom, how are they doing it and when or where does it need to be started and finished. The solutions will most probably cover standard aspects such as culture/behavior change, support resources for the design/build/implementation of business initiatives.

For humans to move to higher ground, we must have a different view, but share the common ground. It is indeed the wisdom to understand the “wholeness.” of the business and the world. No doubt, implementing any great, grand ideas is a challenge. It presents the recognizable rhythm to keep the business moving forward with the right pace and drive humanity forward steadfastly.

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