Saturday, January 6, 2018

The Monthly “Unpuzzling Innovation” Book Tuning: Innovation as Core of “Digital Master” Jan., 2018

There are many ways to differentiate and, therefore, there are many ways to pursue innovation.

Digital is the age of innovation. And innovation is what leads to differentiation. There are many ways to differentiate and, therefore, there are many ways to pursue innovation. Digital Master refers to those high-performing, highly innovative and high-mature (less than 15%) digital organizations; at the individual level, Digital Masters are those cross-generational digital professionals who are equipped with the advanced digital minds and build a unique set of digital capabilities.

Talking about innovation is not new nowadays, everybody, every organization now is talking about innovation. It's been at or near the top of the business or economics agenda for a long time. However, there are a lot of confusions about innovation and there is no magic sauce to guarantee its success. Back to basic, what is innovation, the more you look into this topic, the more difficult to give a definition of innovation, as it is such a broad topic? One of the good definitions of innovation is: "to transform the novel ideas into commercial success.” In essence, innovation is, "intentional novelty bringing sustainable benefit." Innovators are the rare breed, but innovators are also among us and within us.

               Innovation as Core of “Digital Master”

The “Digital Master” Book Series- Innovation Core? Three innovation books in “Digital Master” series throw some light on understanding creativity and innovation from different angles and help both individuals and businesses develop the innovative mindset and strengthen their innovation muscles.

Three Aspects in Building Innovation As Business Capability Innovation becomes simply “creating value by solving problems in a new way.” Today, at the hyperconnected 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.

Take a Stepwise Approach to Manage Innovation: In essence, innovation is the use of something that is new and unique, and you are able to create its business value. Isn't that what innovation is all about: do it better, differentiate yourself from your completion, run, grow and transform the business. For forward-thinking organizations today, innovation is not just nice to have but must have core business capability to compete for the future. Innovation is not just about technology as well, it's about people, culture, partnership, processes, etc. Innovation Management is an overarching management discipline which needs to weave many key business factors into an innovation playbook and take a stepwise approach to achieving its business value.

Is Innovation Reaching the Tipping Point to Next Level We all know innovation is important because it is the lifeblood of any business. But compare upcoming digital era to previous industrial era, is innovation becoming more important or less, does the content or context of innovation stay the same or be different, is innovation trying to reach the next level, but what is the tipping point?

Three Core Principles of Accelerating Digital Innovation Innovation is the specific phenomenon of the knowledge-based economy. It is about having new knowledge and new processes. It is also about too much knowledge in terms of too many good creative ideas and too little available resources. Innovation is about prioritization as well - via a systematic discipline that can "smell" the right idea at the right time and place, make it tangible, and achieve its business values.

The “Future of CIO” Blog has reached 2 million page views with about 4300+ blog posting in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. The content richness is not for its own sake, but to convey the vision and share the wisdom. Blogging is not about writing, but about thinking; it’s not just about WHAT to say, but about WHY to say, and HOW to say it. It reflects the color and shade of your thought patterns, and it indicates the peaks and curves of your thinking waves. Unlike pure entertainment, quality and professional content takes time for digesting, contemplation and engaging, and therefore, it takes time to attract the "hungry minds" and the "deep souls." It’s the journey to amplify your voice, deepen your digital footprints, and match your way to human progression.


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