Saturday, August 13, 2016

The Monthly Innovation Brief: Setting Innovation Principles & Guidelines Aug. 2016

Digital innovation has a broader spectrum with hybrid nature, it is the incremental improvement- radical innovation continuum.

Innovation takes the cycle of observing-questioning-connecting-networking-experimenting. From the 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 about setting innovation principles and guidelines.

Setting Innovation Principles & Guidelines    

Three "C' Principles in Building an innovative team  There are still full of serendipity in creativity: How many forms of creativity are there? How are they different? How are they similar? Isn't what makes them similar or different, also what makes them creativity? Creativity has many forms and manifestations. Take the standpoint that creativity has its starting point within an individual. Individual creativity is absolutely critical, but how to build a creative team to harness collective creativity?.

Setting Principles to Run an Innovative IT? Creativity is becoming increasingly crucial in today’s business environment because it breeds innovation. But it’s common that many IT companies tend to focus more on their core competencies and often forget about the value of innovation management. Without innovation, organizations would be upstaged by the competitors that are creative because disruptive innovation will happen no matter you prepare well or not. IT needs to become a business’s innovation engine because the intersection of IT and people is where innovation happens. So how to set principles to encourage creativity and run an innovative IT in a systematic way?

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 finely tuned innovation is not a serendipity, how to build innovation strength in your organization?

Three Aspects in Building Innovation As Business Capability: Innovation becomes simply “creating value by solving problems in a new way.” Today, at the hyperconnecteded business ecosystem, innovation can happen anywhere, anytime, it expands both horizontally and vertically. There are many ‘flavors’ of innovations: systematic innovation, customer-centric innovation, open innovation, design-driven innovation, or management innovation. It’s the state of mind to think and do things from a new angle, and it’s a critical element of the business strategy and the unique business capability to gain a competitive advantage in the face of fierce competition and business dynamic. So what are further aspects in building innovation as a unique business capability??

Three Guidelines in Innovation Management: Innovation Management is an important pillar of strategy management. With today's emphasis on innovation per se and its importance to corporate survival, perhaps innovation is so important that the semantic should be recognized as such. So how to identify the gaps and manage it seamlessly?Are there truly bad or wrong ideas? Or merely poorly executed ones? Can we unilaterally pick "winning ideas" or is that subject to interpretation and ultimately implementation/execution? Gaming as it applies to innovation is intriguing -- to truly have the impact it MUST capture both the fuzzy front end and the strategic back end of innovation, what are the further aspects of Innovation Management?

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