Initiateglobalinnovationagenda

The more integrated and culturally based innovation is, the more sustainable and productive such initiatives are.

Compared to the industrial era with silo setting, static knowledge and overly restrictive hierarchy inherited from the last century, the global world has become much more complex and smaller all at once due to blurred territories, cross-boundary interactions, intriguing business relationships, and diversity of talent. Business leaders and professionals should lay out different thinking, structures, and solutions to sees the world as interconnected, interdependent and integrated, develop global innovation agenda with following characteristics, take initiatives to solve bigger and tougher problems, scale up innovation effort, to help more people, businesses, industries, and societies for enhancing inclusiveness and unleashing collective human potential in a structural way.

Inclusion: Today’s internet-based world is much more hyper-connected and interdependent. business leaders and professionals need to open their minds, become more inclusive, and show intellectual curiosity to embrace a variety of perspectives. People from different regions, religions, and cultural differences should refine their knowledge into more unified insight; clarify the difference between local rules and global principles, common beliefs and universal wisdom. Forward-looking organizations give people the voices, tools and experiences of how to effectively communicate across the world even if they speak different languages or inherit diverse cultural roots. So they not just adapt to a dynamic global environment, but to influence progressive changes. develop global cognition by learning, experimenting better ways to do things  constantly.

Being global means you expand the horizon, develop cultural intelligence, improve interdisciplinary knowledge proficiency, and have a variety of professional experience dots to connect for spurring innovation. As a global innovator, understanding the values of your audience will facilitate your ability to develop vision, empathy, cohesion, abstracting various perspectives into world class insight based on an updated global perception, build trust across diverse cultures, develop strategic alliance across boundaries, to define global related problems or issues in such a way that a solution emerges through a collaborative approach.

Initiatives: The evolution of innovation only exists in a more open environments that create insights, take advantage of all sources of knowledge, resources, talent to develop creativity in an open way. Innovation can happen anywhere across the organization and global ecosystem. It's critical to connect the right dots, identify hot spots for innovation, build innovation hubs to nurture fresh ideas, manage innovation initiatives and accelerate innovation development cycle. Technically, the emerging digital trends bring significant opportunities for organizations across the world to pursue growth by leveraging the lightweight digital technologies, abundant information, allowing creative ideas to flow, get protected, channeled and nurtured to generate multifaceted value smoothly.

Innovation is a management discipline, with key elements such as leadership, culture, process, technology, talent, etc. Some additional variables that might merit consideration are the scope, scale, and impact of innovation. There is invention based innovation, need based innovation. Incremental innovation initiatives improve the world; breakthrough innovation directly impacts real economic growth or societal progress significantly. Innovation management does require not just interdisciplinary understanding to connect the dots and see what's possible, but also technical expertise to achieve the "art of possible." From a portfolio management point of view, companies need both incremental product/service innovations to thrive but also desire large, disruptive innovations for a quantum leap.

Integration The global working environment is diverse, dynamic, energetic, and innovative; people enjoy the creative tension and constructive feedback, there is an integration of thinking, learning and doing continuum. Information grows exponentially, insightful leaders contemplate how to integrate a global society via information technology, knowledge, resource, process, and cultural lens. Innovation and globalization are mutually reinforcing with each other. IT integrates all important business elements into a differentiated set of business capabilities to enable innovation implementation. A structural integral innovation system helps organizations recognize challenges, understand boundaries, deal with constraints, frictions, and bridge a variety of gaps seamlessly.

Knowledge assets are a blend of resources, not a single asset, its integrity, availability can be crucial to develop talent and build innovation competency. The people-centric processes will overtake hierarchical control, the loose coupling modular capabilities will expedite innovation execution, and the successful process refinement often goes hand-in-hand with organizational structure management. There is knowledge, resource, talent, culture, process or capability alignment, etc. The more integrated and culturally based innovation is, the more sustainable and productive such initiatives are. Those organizations that have better alignment maturity outperform their competitors and tend to be more innovative with unique business competency. 

 The business world we live in is in the digital paradigm shift. It is a strategic imperative for today’s leaders and professionals to embrace the broader view of global society for shaping a transformational vision, co-set a global innovation agenda, connect interdisciplinary management dots across the global scope to involve societal development, change enablement, human capital/potentiality exploration, people-centric problem solving, and value enhancement at the global scope.

Posted in: Global Perspective,Innovation