Saturday, June 4, 2016

The Monthly Innovation Brief: The Best/Next Practices in Innovation Management June. 2016

Innovation is essentially about reducing the unnecessary business complexity to tackle the complexities of business dynamic.

Innovation takes the cycle of observing-questioning-connecting-networking-experimenting. From a management perspective, innovation is how to transform novel ideas to achieve its business value. Due to the hyper-complexity of modern business, innovation is essentially about reducing the unnecessary business complexity to tackle the complexities of business dynamic. Here is a series of blogs to brainstorm the practices of innovation management.

The Best/Next Practices in Innovation Management

How to Innovate Talent Management? With the increasing speed of changes and advanced digital technologies, organizations large or small are also facing the challenges to innovate talent management and take care of their most important assets - people more effectively. It starts with mind shift - from treating people as cost and resource to plug in, to thinking them as human capital to invest in. Researches show that the foundation of business success is innovation. Creativity is #1 skill needed in the digital Era, how can organizations build a creative working environment and unleash their talent potential as well as the full business potential?

Three Aspects of Practicing Intrapreneurship in the Enterprise  If entrepreneurship is to look for changes, deploy it as an opportunity, then, intrapreneurship is about creating new venture from within an established organizations to leverage the startup culture for catalyzing changes and improving IT agility. But more specifically, how to practice intrapreneurship to innovate business and accelerate digital transformation?

Three Practices of Digital Innovation, Generally speaking, innovation is to transform novel ideas to achieve their business values. It is not a serendipity, but a discipline and a set of practices to achieve business goals. Innovation helps to tackle the complexities of business dynamic in the digital ecosystem, but often within itself, it needs to change and improve as well. Therefore, digital paradigm shift also includes the perspective of building a scalable innovation environment or innovation ecosystem. It is crucial to fine tune innovation processes, capabilities, and develop a set of practices to manage innovation portfolio more effectively.

How to Build Innovation Strength in your Organization? Digital innovation has a broader spectrum with hybrid nature, it is the incremental improvement- radical innovation continuum. It has broader scope beyond just a new product or service, radical innovation brings something that was not existing before. Incremental Innovation is more about taking something someone created and adding to it, changing it, adapting it; or to leverage the latest technology for business improvement. A fine tuned innovation is not a serendipity, how to build innovation strength in your organization?

Running IT as an Innovation Engine in Digital Organizations? Organizations large or small are at the digital journey, and corporate IT is also shifting from a support center to an innovation engine, because more often information is the lifeblood, and technology is the disruptor to push the business world into the digital paradigm. Hence, for any forward-thinking organizations, IT mantra is shifting from “doing more with less,” to “doing more with innovation. But more specifically, how to run IT as an innovation engine to accelerate digital shift?

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