Innovation is essentially an intentional novelty bringing sustainable benefit.
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. Innovation is not serendipity, but a discipline.
Innovation Pillars & Driving Forces
Five Pillars of Digital Innovation? Nowadays, with rapid changes and fierce competitions, innovation is no longer a “nice to have,” but a “must have” competency for long-term business success. Digital is the age of innovation. Highly innovative digital organizations, no matter large or small, are highly dynamic and flexible, focus on solving problems and unleashing business potential. Innovation is not always equal to the latest gadget, it’s about people, culture, partnership, and manner, to build a highly creative working environment and develop differentiative innovation competency. Here are five pillars of digital innovation.
Five Forces of Digital InnovationThe emergence of potential opportunities for exploring digital transformation is likely to follow a nonlinear pattern as the pervasiveness of an organization's digitization journey increases. Change at the digital age is coming at seemly a much faster pace, more potential disruptions, with a broader scope, scale, and impact on the business’s surviving and thriving. Winning the digital dynamic means engaging creative thinking, enforcing cross-functional collaborations, building unique business competencies such as innovation. Innovation is essentially an intentional novelty bringing sustainable benefit.
Three Complementary Elements of Innovation Innovation - the practical application of creativity is essentially about problem-solving at various levels; and to solve a problem implies a wish to make something, or everything, better. In a fundamental view, innovation is a process and every process needs to be managed. Some highly innovative organizations fail to capitalize on great ideas because there was no structure in place to manage the ideas and produce quality products/services. Here are three complementary elements of quality to improve innovation success rate from the management perspective.
Tuning Soft Elements in Innovation Management? Creativity is, by nature, unique to each person, it is an innate process to create novel ideas. Innovation is to manage novel ideas and generating business value from them. There is no template which you can apply and suddenly have a creative workforce. It has to be done slowly, patiently, and individually. That is why so many companies won't do it. There are both hard elements such as framework, processes or tools as well as soft elements woven together to orchestrate an innovation symphony.
Running IT as Innovation Integrator With the overwhelming growth of data and increasing pace of changes, often, information is the most time intensive piece of innovation, and technology is the disruptive force behind changes. The essence of innovation is made of trying new combinations of known things and shape a problem-solving process of deduction to derive a better solution drawing from knowledge, information & technology, experience, and out-of-the-box creativity. Digital innovation has an expanded spectrum and a broader perspective. It's important to develop IT as an innovation integrator that provides sustained competitive business advantage in the long run.
5 comments:
Nicely explained by you dear and i am really impressed
Regards Aumovers
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