Friday, June 24, 2022

Innovation

Innovation is utilizing what you already have in a unique and creative way that has not been done before.


Innovation is the light every forward-looking organization cross boundary is pursuing; at global economy with innovative tone and creative people around the world, to develop an effective innovation agenda requires us to be willing to listen to diverse viewpoints, broaden the perspective to fix misperceptions and connect meaningful dots, break down outdated knowledge or traditions, and develop a more enriched profile that advocates inclusiveness, innovativeness, and insight.



Catalyzing innovation by sharing diverse viewpoints: Being innovative is simply about being different - think different, see things differently and figure out the different way to do things. People have cognitive differences, diverse backgrounds and professional/life experience. Often a creative mind is able to observe deeper, bring the fresh perspective to the table, ask thought-provoking questions, and understand things from different angles.

From a problem solving perspective, an innovative leader recognizes that when you stand at a different viewpoint, you see a completely different problem, in which viewpoints are based on one's role as a stakeholder. So they can build a highly-innovative team with complementary thought processes, balanced viewpoints, to gain a competitive advantage.

Connecting wider dots to spur creativity by broadening perspectives:
Information is growing exponentially and knowledge is only a few clicks away. A creative mind desperately needs to absorb new knowledge across the disciplinary boundary in order to broaden perspectives, ponder the creation of fresh insight which feeds into the consciousness; they might also take some activities to engage subconsciousness as often creativity happens at the intersection of consciousness and subconsciousness.

It's a strategic imperative to keep updating knowledge, gain cultural empathy, frame the new mind to see the ever changing world, and find a diversity of perspectives to spur innovative ideas. Innovative leaders systematically address the innovation strategy agenda, have a heterogeneous group setting to encourage unique viewpoints, allow people to see an idea from different perspectives, brainstorm diverse thoughts and opinions, encourage themselves and subordinates to practice out of the box thinking, bring fresh perspectives and new designs to delight customers and achieve high-quality results over a sustainable period of time.

Rejuvenate innovative culture by breaking down outdated rules
: Innovations simply benefit from being developed and subsequently commercialized in a more open ecosystem. To become creative, you would have to break down some old rules. Rules are about safeguarding the status quo. Consequently, too rigid rules will stifle innovation. Breaking the old rules is important for radical innovation, but it doesn’t mean to be “ruleless,” or lack of focus. Being "unruly" incurs risk, you need to set the updated principles for managing innovations and mitigating risks in a structural way.

A good rule is to ensure that innovation efforts are focused in the right directions. The right set of ‘rules’ is not for limiting your imagination, but for setting the appropriate constraints, framing the system to identify opportunities and mitigate risks. Rule-breaking or rule-making demands insightful understanding, patience, persistence, and courage, among other things to rejuvenate a culture of innovation.

Innovation is utilizing what you already have in a unique and creative way that has not been done before. In the world of innovation, you will fail more often, many more times, than success. Corporate innovation is a high mature digital capability which needs to be built via disciplines, structures, processes, and practices. Once you know the strengths of your team, these individuals should build an innovative organization collaboratively.

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