Friday, June 5, 2020

The Monthly “Unpuzzling Innovation” Book Tuning: Innovation Curves and Cycles June 2020

Having innovation curve awareness means that innovation leaders need to understand that working in an innovation garden not only takes passion but also needs the process and hard work to rise above the learning curve.

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 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 economic agenda for a long time. However, there is a lot of confusion about innovation and there is no magic sauce to guarantee its success. Innovation is not serendipity, but a discipline.


 Innovation Curves and Cycles

Riding Above Innovation Curves to Reach the New Horizon of Digitalization? The definition of innovation is just so simple, to gain benefit by doing something different. The flashes of inspiration we now see in retrospect as groundbreaking inventions or innovations were driven by people not only far-sighted but determined to make their ideas succeed. At the organizational level, having innovation curve awareness means that innovation leaders need to understand that working in an innovation garden not only takes passion but also needs the process and hard work to rise above the learning curve by figuring out many “Hows,” in order to improve the innovation success rate and reach the new horizon of digitalization.

The Innovation Curveball Digital is the age of innovation. Organizations starve for creativity. Creativity is the potential that can be unlocked and innovation is the serendipity that can be unpuzzled. Innovation comes from different shapes and through different sources. The curveball implies particularly tough issues or big obstacles, named after equally tricky baseball pitch, to introduce something unexpected or require a quick reaction or correction. Innovation curveball is reality, how to play it well?

The Next Cycle of Digital Innovation Management Innovations in the digital era is coming at a seemingly much faster pace, with changes and potential disruptions, and therefore, innovation management also becomes more complex and dynamic. Often, in traditional organizations, corporate innovation stagnation is caused by overly rigid organizational structure, change inertia, too much focusing on incremental innovation and maintenance, and internal metrics discouraging long-term innovation as well. How can organizations fine-tune their business elements, build a dynamic strategy to accelerate the next cycle of digital innovation management?

The Magic Cycles of Breakthrough Innovation Innovation is the new way to do things. Breakthrough Innovation is disruptive and will change the business in many fields. You need new technology, new processes, new customers, new knowledge may be a new business model. Breakthrough innovation perhaps helps to lift up the business to the next level of performance. However, the real challenge is to understand where and how to get the biggest effect. Innovation Management overall has a very high failure rate, and the chance of breakthrough innovation success is even smaller. Because breakthrough innovation is often brand new to the world, and it is not something every company could accomplish. Here are three magic cycles of breakthrough innovation.

Digital Master Tuning X: From Innovation Life Cycle to Innovation Best Practice Innovation is the very light every organization is chasing now, but for many, it is still serendipity. With just about every company in every industry out there touting "Innovation" as part of their strategy or one of their core values, it's become confusing what innovation means. Many companies go with the word 'innovation' these days and in some way, this word has become a catchphrase for many; just to project their companies as innovative game-changers. What does innovation mean to you? And, what qualifies a company to call itself innovative? What’re the special traits of digital innovation? In chapter VI of Digital Master, we introduce the 9-step innovation lifecycle and 10 innovation best/next practices.

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