Look at innovation from the perspective of developing business-wide innovation capabilities.
Innovation is what leads to differentiation; it involves new ways of bringing together ideas and resources to create something novel and differentiate the organization from competitors. It is critical to build dynamic business capabilities to catalyze innovation and lead transformative changes.
Innovation capability investment & development: Innovation is not serendipitous, it is a process that can be managed; and it is a unique set of business capabilities that needs to be built strategically. To make wise investment on innovation capability development, describe business goals, scope, outcomes, specify technical capabilities within scope, approach, costs, time frames, risks, etc, to fit the strategic landscape of business.
You design innovation capabilities, then model, execute, monitor, optimize them, then again back to design, with the goal to enhance and accelerate an innovation management cycle, as capability design must fit inside very strict business constraints, making it truly underpin a well-defined innovation strategy.
Innovation capability coherence: Innovation is a complex management approach that needs to be taken by a set of unique business capabilities. Capabilities, especially at the integral level include dependencies, one is part of another or depends on another. To expedite innovation capability development, adopt module design for smooth integration and optimization, and improve organizational speed.
It’s important to gain insight into the condition and relationship or dependency of capabilities to improve innovation capability coherence and maturity. People are a critical success factor to integrate all important business elements such as talent, process, technology into coherent innovation capability, enabling people to create something new out of something existing, reaching the new horizon out of an old vision.
Innovation capability & capacity compatibility: Organizations have limited assets, resources, budget, talent, and time. The capacity reflects the gap in innovation capability management. The capacity planning needs to be part of the corporate capability management. Upgrade innovation capabilities with repurpose, realignment, and reconfiguration to achieve dynamic innovation strategy. To make capacity planning effective and practical, the information management should do the information based forecast, ensure that business innovation investment does not proceed without a "clear business rationale"; shorten the business innovation initiative management cycle.
Quality capacity planning program will enable the business to switch to a proactive mode of innovation management, and bring you in control when experiencing high velocity and uncertainty. Capacity planning will not lower the workload, but give innovation management a true picture of activities so a decision can be made on the ideal workload. The management presents a willingness to imaginatively explore, an ability to evaluate the imaginative proposals for “appropriateness” and build sufficient capacity to innovate.
The characteristics of digital business are dynamic, uncertain, and hypercompetitive. Look at innovation from the perspective of developing business-wide innovation capabilities. Innovation capabilities have outcomes; they collaborate with each other and are enabled by processes. It’s important to map innovation capabilities and strategies, re-purpose well-designed components and systems for rejuvenating creative energy, developing talent, and improving organizational innovation competency.
Innovation capability investment & development: Innovation is not serendipitous, it is a process that can be managed; and it is a unique set of business capabilities that needs to be built strategically. To make wise investment on innovation capability development, describe business goals, scope, outcomes, specify technical capabilities within scope, approach, costs, time frames, risks, etc, to fit the strategic landscape of business.
Innovation capability coherence: Innovation is a complex management approach that needs to be taken by a set of unique business capabilities. Capabilities, especially at the integral level include dependencies, one is part of another or depends on another. To expedite innovation capability development, adopt module design for smooth integration and optimization, and improve organizational speed.
It’s important to gain insight into the condition and relationship or dependency of capabilities to improve innovation capability coherence and maturity. People are a critical success factor to integrate all important business elements such as talent, process, technology into coherent innovation capability, enabling people to create something new out of something existing, reaching the new horizon out of an old vision.
Quality capacity planning program will enable the business to switch to a proactive mode of innovation management, and bring you in control when experiencing high velocity and uncertainty. Capacity planning will not lower the workload, but give innovation management a true picture of activities so a decision can be made on the ideal workload. The management presents a willingness to imaginatively explore, an ability to evaluate the imaginative proposals for “appropriateness” and build sufficient capacity to innovate.
The characteristics of digital business are dynamic, uncertain, and hypercompetitive. Look at innovation from the perspective of developing business-wide innovation capabilities. Innovation capabilities have outcomes; they collaborate with each other and are enabled by processes. It’s important to map innovation capabilities and strategies, re-purpose well-designed components and systems for rejuvenating creative energy, developing talent, and improving organizational innovation competency.
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