Innovators need to be humbler to listen to customers, be more confident to take the unique path perhaps no one ever takes before.
Individuals need to keep practicing creative thinking, explore new ways to do things; organizations need to build an open environment in which people can grow and nurture their creativity by connecting wider dots and generating new knowledge. Take an innovation journey with solid footprints and create beautiful landscapes with multifaceted viewpoints.
Innovation & advocacy: Statistically, innovation has a low success rate as it becomes more complex in the digital era. To overcome the challenges, business leadership needs to advocate and rejuvenate the culture of creativity so that people are more open to try new things and share thoughts and ideas fearlessly. They should invest in the cultivation of capacity for innovation, recognize innovators with varying talent and strengths, set the right dose of risk appetite, innovate management and make innovation benefit the widest possible audience across the organizational ecosystem smoothly.
Asking people to look into the future should trigger their imaginations; encourage them to participate in creative activities. Build a cross-functional collaboration platform and develop the best/next practices to ensure that there is a steady flow of fresh ideas floating in the innovation pipeline frictionlessly, there is an effective idea management to prioritize and implement them effectively .The innovation leaders should assume responsibility for their advocacy; start with the innovation initiative, fund it, listen to some more, develop their next wave of innovation personas, savvy experts, community activists, etc. and make smart innovation investments consistently.
Innovation & structure: Innovation is not serendipity; systematic innovation is based on gaining an in-depth understanding of business issues and taking a structural way to solve problems creatively. For cracking serendipity code and building innovation as a differentiated competency, a defined structure is essential to manage innovation in a corporation, keep the hierarchy as low as possible. Innovation process could be very loose on purpose; the rigorous innovation structures are supported by the right policies and programs to improve innovation manageability.
In practice, organizations fail to capitalize on their great ideas because there was no structure in place to manage great ideas. There are many areas within a company in which the innovation process can be applied to create value. However, there's no single structure that will work in every organization. It’s important to do analysis of business issues, opportunities, or marketing dilemmas, etc, put the right people in place to manage innovation processes, leverage enriched professional experiences, fresh insight, and sound judgment to make the needed decisions rigorously; and take a structural process to support the creation of sustainable, systematic innovations.
Innovation & navigation: Innovation often happens at the intersection of people and processes; business and customers; process and technologies; information is one of the most intensive piece of innovation. The evolution of innovation only exists in the more open environments in which people are inspired to think creatively; generate fresh insight, take advantage of all sources of creativity in a more open way and leap innovation management to the next level of maturity.
When looking at business as an ever-evolving system with this side, that side and interaction of both sides, the most powerful innovation navigation system involves tapping the organization's ecosystem for the collective perspectives of those who makeup and know intimately their parts of the system. The information-based innovation navigation processes involve tapping the organization’s ecosystem for collective perspectives, expanding and scaling up innovation practices and effects in the digital ecosystem to maximize innovation performance results.
Thriving in the dynamic business new normal means engaging creative thinking, enforcing cross-functional collaborations, proactively seeking fresh ideas, taking systematic business innovation management discipline, and developing innovation as differentiated competency. Innovators need to be humbler to listen to customers, be more confident to take the unique path perhaps no one ever takes before; take advantage of all sources of creativity in a more open way for making innovation as part of success formula to reach the next level of business growth and transformation.
Innovation & advocacy: Statistically, innovation has a low success rate as it becomes more complex in the digital era. To overcome the challenges, business leadership needs to advocate and rejuvenate the culture of creativity so that people are more open to try new things and share thoughts and ideas fearlessly. They should invest in the cultivation of capacity for innovation, recognize innovators with varying talent and strengths, set the right dose of risk appetite, innovate management and make innovation benefit the widest possible audience across the organizational ecosystem smoothly.
Asking people to look into the future should trigger their imaginations; encourage them to participate in creative activities. Build a cross-functional collaboration platform and develop the best/next practices to ensure that there is a steady flow of fresh ideas floating in the innovation pipeline frictionlessly, there is an effective idea management to prioritize and implement them effectively .The innovation leaders should assume responsibility for their advocacy; start with the innovation initiative, fund it, listen to some more, develop their next wave of innovation personas, savvy experts, community activists, etc. and make smart innovation investments consistently.
Innovation & structure: Innovation is not serendipity; systematic innovation is based on gaining an in-depth understanding of business issues and taking a structural way to solve problems creatively. For cracking serendipity code and building innovation as a differentiated competency, a defined structure is essential to manage innovation in a corporation, keep the hierarchy as low as possible. Innovation process could be very loose on purpose; the rigorous innovation structures are supported by the right policies and programs to improve innovation manageability.
In practice, organizations fail to capitalize on their great ideas because there was no structure in place to manage great ideas. There are many areas within a company in which the innovation process can be applied to create value. However, there's no single structure that will work in every organization. It’s important to do analysis of business issues, opportunities, or marketing dilemmas, etc, put the right people in place to manage innovation processes, leverage enriched professional experiences, fresh insight, and sound judgment to make the needed decisions rigorously; and take a structural process to support the creation of sustainable, systematic innovations.
When looking at business as an ever-evolving system with this side, that side and interaction of both sides, the most powerful innovation navigation system involves tapping the organization's ecosystem for the collective perspectives of those who makeup and know intimately their parts of the system. The information-based innovation navigation processes involve tapping the organization’s ecosystem for collective perspectives, expanding and scaling up innovation practices and effects in the digital ecosystem to maximize innovation performance results.
Thriving in the dynamic business new normal means engaging creative thinking, enforcing cross-functional collaborations, proactively seeking fresh ideas, taking systematic business innovation management discipline, and developing innovation as differentiated competency. Innovators need to be humbler to listen to customers, be more confident to take the unique path perhaps no one ever takes before; take advantage of all sources of creativity in a more open way for making innovation as part of success formula to reach the next level of business growth and transformation.
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