At the heart of innovation, much of what needs to happen is just change management.
Innovation is about having new knowledge and processes to transform creative ideas to realize its business value. Innovation as an individual or collective process helps us adapt, improve, grow, and integrate. Innovation in the digital era is coming at seemly much faster space, innovation management also becomes more complex and dynamic.
However, for many organizations, innovation is still serendipity, has an overall very low success rate. It is crucial to examine the causes of failure in innovation, the gaps and pitfalls on the way. The objective is to raise awareness of what’s needed to improve the probability of success and make the innovation journey more delightful.
Key Takeaways
- Innovation is similar to as "the sum is larger than its parts."
- To be truly creative means challenging conventional wisdom and beliefs, and making progress intellectually and psychologically.
- The more dramatic and powerful the innovation is, the greater the risk would be. Don’t be afraid of the failure, but you have to learn something from your failure.
- The heterogeneous team with cognitive differences is more innovative than the homogeneous group setting, and how creative the team is depends on the creative capacity of its members.
- At the heart of innovation, much of what needs to happen is just change management.
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