With ecosystem involvement, companies will become more open to diversification, be humbler to listen to customers’ feedback, be more confident to take the path perhaps no one ever takes before,
An ecosystem by themselves may not cause a good environment, but collectively, they are interconnected, interacting, interdependent to take advantage of all sources of creativity in a more open way. The business management needs to see the “big picture,” take a holistic view of the innovation management and leap innovation management to the next level.
An enriched innovation ecosystem enables systematic innovation management: The digital boundary is a fluid wave, not sharp line, the digital landscape has the full spectrum of colors, neither gray nor black & white only. The most powerful innovation navigation system involves tapping the organization's ecosystem for collective perspectives, fresh insight, and knitting all critical business elements into differentiated innovation competency.
Innovation is the consequence of the implementation of a value proposition, you innovate only when you create value for your customer. Business leaders or professionals with cross-disciplined expertise are able to connect wider dots, take a systematic approach to innovate, build an enriched innovation ecosystem in which people can learn, experiment, apply robust process and tools to generate winning concepts for innovation management on the consistent basis, lead sustaining advantage and growth of business.
An innovation ecosystem is a sort of "professional philosophy" for innovation: Every forward thinking organization is eager to build a creative workplace, but what are important elements to catalyze creativity and manage a balanced innovation portfolio systematically. The evolution of innovation only exists in a more open environment or ecosystem in which people can connect unusual dots, provide the intellectual challenge to stimulate creative thinking, generate unique insight, and make a smooth multifaceted alignment to achieve innovation excellence.
To embed professional philosophy into corporate culture and cultivate more innovators or change agents, the management need to master the art and science of innovation. Idea generation is more art than science, encouraging inquisitiveness and idea sharing. Idea implementation is more science than art, and often it’s the collaborative efforts. First, there is the common agreed strategic goal; from that goal, you determine certain "action items” which become goals for business units. Those business units determine action items from these goals, and these action items become the goals of the teams within each business unit. After that was digested, they eventually could start to believe in innovation and implement innovation management tools and processes, to deliver innovative solutions holistically and consistently.
Innovation managers are able to expand and scale up innovation practices and effects in the digital ecosystem: Innovation is a management process of transforming novel ideas to achieving their business value. Innovation is not just an R&D issue, Innovativeness should be in everyone’s DNA in the enterprise. A holistic perspective can fix the misperception by exploring multiple thought processes; willing to listen to the diverse viewpoints to spur fresh ideas, enforce cross-functional communication & collaboration to scale up innovation practices.
Innovation management is about how to manage people, assets, time, resources, and risks to achieve high-performance business goals. Since practices, as well as technologies and markets, are constantly morphing under pressure from the waves of creative destruction that keep the business in innovation mode. Innovation "next practices" continue to emerge to debunk the myths of innovation culture, realize the “art of possible,” and produce profitable innovation.
Either at the individual or business level, innovation performance is mostly a mix of past and present; and potential relates to the innovation competency. A holistic assessment of innovation competency and an expanded innovation ecosystem is crucial for the company to improve the long term business success. With ecosystem involvement, companies will become more open to diversification, be humbler to listen to customers’ feedback, be more confident to take the path perhaps no one ever takes before, and be more resilient to failure fast & forward.
An enriched innovation ecosystem enables systematic innovation management: The digital boundary is a fluid wave, not sharp line, the digital landscape has the full spectrum of colors, neither gray nor black & white only. The most powerful innovation navigation system involves tapping the organization's ecosystem for collective perspectives, fresh insight, and knitting all critical business elements into differentiated innovation competency.
Innovation is the consequence of the implementation of a value proposition, you innovate only when you create value for your customer. Business leaders or professionals with cross-disciplined expertise are able to connect wider dots, take a systematic approach to innovate, build an enriched innovation ecosystem in which people can learn, experiment, apply robust process and tools to generate winning concepts for innovation management on the consistent basis, lead sustaining advantage and growth of business.
An innovation ecosystem is a sort of "professional philosophy" for innovation: Every forward thinking organization is eager to build a creative workplace, but what are important elements to catalyze creativity and manage a balanced innovation portfolio systematically. The evolution of innovation only exists in a more open environment or ecosystem in which people can connect unusual dots, provide the intellectual challenge to stimulate creative thinking, generate unique insight, and make a smooth multifaceted alignment to achieve innovation excellence.
To embed professional philosophy into corporate culture and cultivate more innovators or change agents, the management need to master the art and science of innovation. Idea generation is more art than science, encouraging inquisitiveness and idea sharing. Idea implementation is more science than art, and often it’s the collaborative efforts. First, there is the common agreed strategic goal; from that goal, you determine certain "action items” which become goals for business units. Those business units determine action items from these goals, and these action items become the goals of the teams within each business unit. After that was digested, they eventually could start to believe in innovation and implement innovation management tools and processes, to deliver innovative solutions holistically and consistently.
Innovation management is about how to manage people, assets, time, resources, and risks to achieve high-performance business goals. Since practices, as well as technologies and markets, are constantly morphing under pressure from the waves of creative destruction that keep the business in innovation mode. Innovation "next practices" continue to emerge to debunk the myths of innovation culture, realize the “art of possible,” and produce profitable innovation.
Either at the individual or business level, innovation performance is mostly a mix of past and present; and potential relates to the innovation competency. A holistic assessment of innovation competency and an expanded innovation ecosystem is crucial for the company to improve the long term business success. With ecosystem involvement, companies will become more open to diversification, be humbler to listen to customers’ feedback, be more confident to take the path perhaps no one ever takes before, and be more resilient to failure fast & forward.
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