Tuesday, August 30, 2022

Initiateinnovationconnectivity

Seek to connect meaningful dots, discover ideas collectively, prioritize, and implement them to realize differentiated value and shape high-innovative organizations or societies.

The essence of innovation is made of trying new combinations of known things or doing things alternatively. The blurring borders of the business ecosystem make the world hyper-connected, and interdependent. Innovation becomes more complex, organizations today can no longer rely on a single individual or team to drive innovation. The dynamic innovation planning, designing and dot-connection are all crucial to manage innovation as a process and improve innovation effectiveness.


 

Innovation & architecture:
Innovation is not serendipity, forethoughtful organizations innovate structurally, and build a healthy innovation portfolio with both incremental innovation and breakthrough innovation in a structural way. Business architecture is both an opportunity and a constraint for innovation management. The most valuable thing of applying business architecture is recognition that innovation risk and opportunity are essentially the flip-sides of each other. 

The quality of business architecture depends on the quality of the information the enterprise understands of itself. Those who say "architecture rules constrain innovation" should be treated with caution. An effective business architecture is like an enormous box of Lego bricks, providing an enriched innovation context, enabling business leaders and professionals to connect wider dots, generate fresh ideas and realize them smoothly.

Innovation & strategy: Innovation is a critical element of the business strategy and the unique business capability. A good innovation strategy will include where the company plans to focus its innovation efforts, how it links to the rest of the corporate goals and action plan must be put in place to achieve the innovation goals. A strategy built around some clear value perspectives (such as people-centric value) automatically provides a basis for innovation & business development. 

Innovation strategy is not about solving a single problem creatively, but rather a concerted solution to a multi-faceted strategic set of problems. A solid innovation strategy management requires distinct patterns of capabilities, the continual attention to emerging opportunities and risks in the organization and its external environment, and how this affects the future of the organization, build a culture of creativity, and encompass repetitive or iterative processes to create.

Innovation & Intelligence:
Information is the real-time intensive piece of innovation management. From an innovation management perspective, identify how information is associated with the valued tangibles of businesses, products, and resources; how it triggers novel ideas. The information system as the backbone of innovation management helps to optimize the usage of information, enable users to refine, visualize information , and create novel ideas. 

That means the information-based analytics doesn’t just serve up pretty charts and graphs. It’s important to unlock imagination, look for insights to capture innovation opportunities and manage risks. In practice, “VUCA” is the business reality, information is useless if it is not being used to refine business intelligence, generate ideas, manage innovation, improve organizational agility and resilience.

There is a paradox in innovation, there are many dots to connect for spurring innovation. Innovation is to simplify; in fact, one of the very goals for innovation is to simplify the old way to do things, or to manage the complexity in an optimal manner. All intelligent things have complexity in it; a certain level of complexity is also a foundation to spark the next level of innovation. So digital organizations need to awaken the ecosystem consciousness, try to digitally connect key resources/assets/talents in their vicinity or context, seek to connect meaningful dots, discover ideas collectively, prioritize, and implement them to realize differentiated value and shape high-innovative organizations or societies.

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