Monday, December 2, 2019

The Monthly “Unpuzzling Innovation” Book Tuning: Digital Innovation Ecosystem Dec. 2019

An innovation ecosystem should fully cover a wide enough direction and embrace the full spectrum of innovation categories.

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.


     Digital Innovation Ecosystem

Cultivate a Dynamic Digital Innovation Ecosystem Everything is interconnected and the business ecosystem becomes so interdependent and dynamic. Innovation also becomes so complex and has a lot to do with external environment while people tend to focus on internal circumstances. Innovation nowadays is critical for the company’s survival and thriving. Thus, organizations need to awaken the ecosystem consciousness, start thinking about ways to innovate, influence, and cultivate a dynamic innovation ecosystem,

CIOs as “Chief Innovation Officer”: Can you carry the Innovation Ecosystem on your Shoulder? One of the most critical roles of contemporary CIOs is “Chief Innovation Officer.” Innovation shouldn’t be a serendipity, but a management process. IT can help to weave an enriched innovation ecosystem which enables systematic innovation management, with critical components such as innovation leadership, culture, processes, tools, recognition systems measurements, and risk approach. Each component by itself may not cause a highly innovative environment, but collectively they can catalyze creativity and improve innovation success rate. An innovation ecosystem should fully cover a wide enough direction and embrace the full spectrum of innovation categories. Here are three questions CIOs need to keep asking themselves to ensure they can carry the innovation ecosystem on their shoulder.

A Digital Innovation Ecosystem Innovation is changing to tackle the complexities of the business dynamic, but within itself, it needs to change as well. There is a paradigm shift that is taking place in generating innovation and building a scalable innovation environment or an innovation ecosystem.

The Digital Ecosystem is Beyond a Business Buzzword Due to accelerated changes and digital disruptions, organizations today need to behave as organisms living within ecosystems. An organism is an assembly of systems working together as a whole, often thought of as a self-organizing being, to react in a controlled, agile, and measured way. Therefore, mastering business ecosystem is more crucial than ever.

Five Stages of Digital evolutionary ecosystem Digital is the new paradigm shift to deeply connect the business with the natural ecosystem. The digital business ecosystem is dynamic, nonlinear, expansive, and complex. Digital makes the business flatter and the world smaller because of its very characteristics of hyper-connectivity and interdependence. Digital management also needs to shift from linear and reductionistic to nonlinear and interdisciplinary for dealing with the new “VUCA” digital reality. Therefore, digital leaders today must frame the bigger thinking boxes and approach problems via multidimensional lens, technically, scientifically, holistically, and culturally. They need to understand the five stages of the digital evolutionary ecosystem in order to lead innovatively and progressively.

The “Future of CIO” Blog has reached 3 million page views with about 6200+ 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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