Sunday, December 27, 2020

"Unpuzzling Innovation" Insight: IDEA

An essential aspect of creativity, both at the individual or group level, is the ability to challenge assumptions, conclusions, and beliefs, to discover the new path, and experiment with the better way to do things.

Digital makes a significant impact on every aspect of the business from people, process to technology, both horizontally and vertically. The digitalization flattens the organizational hierarchy and blurs the functional, organizational and geographical borders in the business ecosystem. It is like a gigantic puzzle with many misplaced pieces, you have to put them all in the right places to discover the real meaning and unleash its full potential. You cannot make a true digital paradigm shift without an in-depth understanding of the digital interconnectivity and embracing the multitude of digital maturity.

Idea Innovation is the light every organization is pursuing. However, very few organizations can manage innovation ideas and portfolio effectively, what’re the problems. Nowadays, digital provides an unprecedented opportunity to collaborate cross-boundary and co-create ideas regardless of your location, there is the rich context of innovation and an unstoppable fountain of creativity. So if the problem is not lack of ideas, could the opposite be true: Is there such a thing as bad ideas or too many ideas?

Information When jumping into the “VUCA” digital new normal –volatility, uncertainty, complexity, and ambiguity, organizations that do not respond to external environmental changes timely will quickly outcompete as more nimble and adaptable companies catch up the digital trend and run at a faster speed. Organizations need to be in flow for communicating fluently and operating smoothly. Business leaders should envision where the future will be for the business in order to adapt to changes timely. It’s important to identify core business competencies, break down silos or overly rigid hierarchy, and build digital multipliers to improve business fluidity.

Involvement Digital is the age of people and innovation. An essential aspect of creativity, both at the individual or group level, is the ability to challenge assumptions, conclusions, and beliefs, to discover the new path, and experiment with the better way to do things. Innovation is change, the human element of change entails a people-centric approach to management style. Thus, empowering the workforce to embrace and anticipate change is a most effective, efficient and result-oriented management in organizations.

Implementation The digital era upon us is people and innovation. Innovation is the mechanism through which you grow and evolve to something great such as higher value-add products/services or something new or better based on a combination or modification of previous attributes or approaches. Due to the low success rate, organizations should ideally have a sustainable approach to innovation. The robust process and tools that enable any business entity to generate winning concepts on a consistent basis, is the prerequisite for sustaining business advantage and growth. Innovation leaders need to clarify the goals and scenarios of innovation by asking themselves or others’ relevant questions and take initiatives to drive innovation efforts systematically.

Ideaphoria Companies have always had the flow of information, flow of ideas, a flow sufficient for the needs of the company at that time. The point is that, with increasing pace of change, what has happened is that the flow from "before" is perhaps no longer sufficient to address the business challenges of today and future. Ideas are crucial to business innovation, and innovation is critical to the business’s survival and thriving. To build a highly innovative organization, it’s important to make sure that your company has a steady flow of fresh ideas floating in the innovation pipeline and create synergy for innovation management.

The “Future of CIO” Blog has reached 3 million page views with about #7300th blog posting in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. The “Digital Master” book series includes 28 books to share insight from the multidimensional digital lens and perceive the multi-faceted impact the digital era upon us is making to businesses and society. 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 and innovating new ideas; 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 diverse voices and deepen digital footprints, and it's the way to harness your innovative spirit.


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