To build a people-centric organization, make innovation investment justification to ensure that organization spends the money in the right way, delight customers and engage employees.
Innovation requires thinking outside the conventional box, practicing creative thinking and critical thinking to connect the wider dots, adding value differently from the status quo, changing the frame of reference to create previously undiscovered solutions.
Innovation & criticism: Innovativeness is the state of mind, to break down conventional thinking, outdated rules or knowledge. Constructive criticism shows a portrayal of ideas, concerns, directions, and attitudes. It helps people or the organizations identify blind-spots in decision making or hidden pitfalls on the journey of innovation. As excellent feedback gives you accurate information to improve; great questions to self-aware; and keen insight to help you grow and mature, become more creative and improve innovation success rate.
Innovation is risky, either individually or collectively, constructive critics are like a mirror as it gives an alert of forthcoming challenges we are facing, make sound judgment of people and things, but pay more attention to those destructive criticisms with negative intentions. Actively look for constructive critics from internal users or business partners for shaping fresh ideas and capturing unique insight, developing an attitude of intellectual discernment, discovering innate talents, and building differentiated innovation competency.
Innovation & learning curve: Innovation is the most desired change but there is a learning and change curve that needs to ride for improving innovation effectiveness. The real problem is to understand the curve and how it relates to innovation because going through the downs of the change curve has a negative impact on business performance. At either the individual or organizational level, there are both psychological curves and knowledge/skill/methodological curves for spurring innovation. If you fail to gain the curve awareness and climb the learning curve for innovation, you will get static and lag behind.
Every day, in every conversation and interaction, if the people lack learning agility, processes are overly rigid or prescribed, it could create the bottleneck of streamlining innovation scenarios. The business can reach its potential by riding the learning curve to get into actions in creative, positive, and productive ways. The risk is part of innovation, riding above innovation curves means how to manage cost, time and risk skillfully by taking a structural approach, catalyze business growth and achieve high return-on-investment business results. Curve awareness, contemplation, strength finding and measurement are the logical steps in reaching potential waves and catalyzing innovation.
Many traditional organizations probably wouldn't know where to invest in innovation. even if the organization thought there was any value justification for making investment. Innovation often happens at the intersection of people and processes, businesses and customers. To build a people-centric organization, make innovation investment justification to ensure that organization spends the money in the right way, delight customers and engage employees; open up new channels of revenue and monetization within the enterprise and their ecosystem, and unlock business results.
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