Sunday, December 19, 2021

Innovationdotconnection

Highly innovative organizations can build innovation principles and disciplines, creating organizations in which creativity is a significant part of business culture and innovation has been managed masterfully.


One of the important characteristics of the digital age is hyper-connectivity. One of the most critical business competencies is innovation. Without innovation, organizations simply cannot survive for the long run in face of fierce competitions.

 Nowadays innovation not only has a broad scope but also has deep context. Forward-looking businesses management need to connect all the right dots, create a business environment in which people are inspired to think and act differently; the capacity can be built, innovation has been managed effectively to improve people-centricity and achieve multifaceted business value.

Innovation & learning: We are at the intersection of knowledge economy and creative economy. Business professionals need to learn and innovate all the time. Continuous learning is not only a job requirement but also a great habit to keep mind fresh and knowledge updated. Creativity is the most needed professional quality. Knowledge is power, but it could be outdated sooner than what you thought about. You should no longer apply some knowledge you learned a decade ago to solve emerging problems. Thus, leaders and professionals today have to learn and relearn all the time, to fill the gap between knowledge and insight and spur innovation continually. Growth is not possible unless people are willing to keep their mind open, gain fresh knowledge, accumulate new experiences, experiment new ways to do things, connect wider dots to reimagine the future innovatively.

Digital professionals are hard workers, knowledge workers, and creative workers who should enjoy learning, but to become more creative, they are also able to put aside all those trained thoughts, logic, systems and boxes, leverage multidimensional thought processes, update knowledge, embrace diverse viewpoints, be resourceful to generate fresh ideas; be resilient to recover from failures or mistakes. The business management can spot their innovators by identifying their learning agility, confidence to share, and courage to take adventure. Collectively, organizational learning agility is the foundation to build differentiated business competencies.

Innovation & potentiality: The digital era is about people-centricity. People have their own innate talent and trained skill sets. They begin to appreciate and love their own inner qualities that were perhaps not recognized before. Being able to see our strengths and weaknesses without self-judgment is a logical step in unleashing potentiality. People are inspired to discover their talent and strength by self-reflection; self-motivated to build professional competency; they are self-driven to take calculated risks for exploring new experiences. Potentiality can be unleashed if people can think long term, be original, take continuous efforts and distinct actions to sharpen related skills and develop unique competencies.

Organizations need to unleash their collective potentiality just like the gardeners nurture their plants and design their landscapes. Exploring creative potential is always critical to both individual talent development and organizational growth. Thus, forethoughtful companies encourage discovery and autonomy. So businesses can grow, innovate and transform by taking a systematic approach to identify and develop potentiality into a more solid form and transform it into differentiated business advantage.

Innovation & intelligence: Innovation today is complex, with varying flavors and different ingredients. Often information is the very clue to unpuzzle innovation and intelligence pinpoints the innovation hot spots, as well as improves innovation maturity. Deep analytics provides the navigation system for doing structural innovation; business intelligence provides information on a user digestible and understandable level to generate fresh ideas, and implement them by mixing the sources and forming formulas. Information is refined into fresh knowledge, and knowledge can be processed into intelligence to lead smart actions and improve innovation performance. In practice, the information system as the backbone of innovation management helps to optimize the usage of information, enable users to visualize data, and create novel ideas, search for insights, make validation and predictability, understand customers’ needs and wants; engage employees by knowing who they are, grasp opportunities to innovate products and services offerings, and create new business models continually.

By applying workforce analysis, organizations can build a creative working environment, enabling users through knowledge sharing in the process of generating new product ideas and new value, facilitating and amplifying collective creativity. Corporate leaders need to identify the issues associated with innovation in an enterprise, spot different innovation personas, put the right people in the right positions to solve the right problems innovatively. They are able to develop unique innovation models and platforms for managing a balanced innovation portfolio with both breakthrough innovation and incremental innovation. Equipped with real-time intelligence tools and scorecard, business management can share their vision of where a company should go and how it will get there, where best to focus their innovation activities, how it might be missing out opportunities because of limitations on the understanding of disruptive technology and information potential, as well as how to predict and prevent risks on the tough journey of innovation.

Innovation is a structural process which can be managed systematically: from connecting dots to generating great ideas, to optimizing processes for implementing them and creating unique business values. Establishing sustained and institutional-level innovation is the goal. Highly innovative organizations can build innovation principles and disciplines, creating organizations in which creativity is a significant part of business culture and innovation has been managed masterfully.

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