Monday, August 3, 2020

The Monthly “Unpuzzling Innovation” Book Tuning: Innovation Architecture and Management Aug. 2020

11:20 PM Pearl Zhu No comments

The exercise of deciding just what innovation is within each organization is one of the most critical activities of an innovation effort.

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 Architecture and Management

Innovation Architecture and Competency Innovation is a managed process of transforming novel ideas to achieve its business value and it is the development of a new combination of available resources in a way that solves real-world problems in a suitable way. This is especially true if you are looking at new sources of value that haven't been tapped before. Managing innovation to fit the market often requires strategies, architecture designs, and product introductions that build towards the long-term perspective. You have to manage it in the right way with the right elements strategically and systematically to achieve consistent business results.

Innovation Intensity and competency Innovation is similar to "the sum is larger than its parts" and is what leads to differentiation. Innovation shouldn’t be serendipity. It is a high mature digital capability that needs to be built via disciplines, structures, processes, and practices. At today's modern organizations, variety, hyperconnectivity, diversification, collaboration, and flexibility increase innovation intensity and expand the ever-evolving digital innovation ecosystem.

The Crucial Components of Innovation Management Information is growing exponentially and technologies are changing very rapidly, innovation is no longer nice to have, but “must-have” business competency to survive for the future. Everyone in the leadership team has a gift and digital organization is very complex. The exercise of deciding just what innovation is within each organization is one of the most critical activities of an innovation effort.

The Multifactors in Multi-Thread Innovation Management Innovation differentiates business leaders from laggards. Digital innovation touches broader aspects of organizations such as products/services innovation, business model innovation, process innovation, communication innovation, or culture innovation, etc. From an Innovation Management perspective, innovation systems include policy, structure, and program that innovation managers can use to drive innovation systematically. The good or bad innovation would depend on the business’s attitude to nourish a culture of creativity and its aptitude to manage innovation in a structural way. Here are multi-factors in multi-thread innovation management.

Five Aspects of Innovation Management Maturity Innovation is the differentiated business capability enabling the organization to ride on emerging trends and beat down competitions effortlessly. How well the organization manages innovation is based on varying factors such as how effective of the allocation of resources; how efficient of the innovation process or lack thereof; how fast they can make decisions, how consistently they are able to deliver the business result; how much risk they can afford to take and how big is the innovation impact, etc.

The “Future of CIO” Blog has reached 3 million page views with about 7000+ 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.

"Unpuzzling Innovation" Amazon Order Link

"Unpuzzling Innovation" B&N Order Link

"Unpuzzling Innovation" iBook Order Link

"Unpuzzling Innovation" Book Slideshare Presentation

"Unpuzzling Innovation" Book Chapter 1 Innovation Classification

"Unpuzzling Innovation" Book Chapter 2 Innovation Principles

"Unpuzzling Innovation" Book Chapter 3 Digital Innovators

"Unpuzzling Innovation" Book Chapter 4 Connecting Innovation Dots

"Unpuzzling Innovation" Book Chapter 5 Digital Innovation Best & Next Practices

"Unpuzzling Innovation" Book Chapter 6 Innovation Paradox

"Unpuzzling Innovation" Book Chapter 7 Innovation Gaps and Pitfalls

"Unpuzzling Innovation" Book Chapter 8 Innovation Measurement