Digital is the age of innovation, and innovation is what leads to differentiation.
The “art of possible” to reinvent IT in the digital age is to deliver the value of information in helping businesses grow, delight customers, and do more with innovation.
Principle-based Innovation and Innovation Principles
Innovation & Simplicity Innovation is the light every forward-looking organization is pursuing now; however, very few companies can well articulate their innovation process. Effective innovation requires a suitable process as part of the wider holistic 'system' for innovation, encompassing other key aspects such as culture, leadership, and strategy, but how to follow the "simplicity" principle when managing innovation. The following five quotes may bring certain insight.
“Universal Principles” of Innovation Digital is the age of innovation, innovation is what leads to differentiation. It seems that many companies going through a period of introspection believe that they already implicitly understand the nature of innovation. All too often they perhaps manage a few innovation initiatives successfully. But keep in mind, with today’s digital dynamic, there are many ways to differentiate and, therefore, there are many ways to pursue innovation. It’s important to understand the world-class universal success principle for innovation and manage innovation in a structured way across the organizational scope and digital ecosystem.
Apply Different Approaches to Broaden the “Innovation Scope” Innovation is an experiment, exploration, production, adoption, assimilation, and exploitation of value-added novelty in business, economic, and social spheres. Innovation is the business’s unique capability to gain a competitive advantage in the face of fierce competition and business dynamics today. There are many ways to differentiate and, therefore, there are many ways to pursue innovation. Here are three perspectives of broadening the “innovation scope” of the digital organization.
CIOs as “Chief Innovation Officer”: Setting Principles to Manage an Innovation Capability Portfolio, Generally speaking, innovation is to transform novel ideas and achieve their business values. It is not serendipity, but a discipline and a systematic approach with a set of practices to achieve business goals. Innovation helps to tackle the complexities of business dynamics in the digital ecosystem. Nowadays, innovation is no longer “nice to have,” but “must-have” differentiated capability to stand out from the competitions. Capabilities are typically expressed in general and high-level terms and typically require a combination of people, processes, and technology to achieve. So how to set well-defined digital PRINCIPLE to manage a healthy innovation capability portfolio and drive a successful digital transformation.
Five Digital Principles of Managing Innovation The blurring border of the digital organization and its business ecosystem make the world hyper-connected, but also over-complex. Organizations today can no longer rely on a single individual or team to drive innovation, or still think innovation as serendipity. 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. But it’s also important to set principles and manage innovation in a structured way across the organizational scope and digital ecosystem.
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