Thursday, September 1, 2022

Initiateinnovationconnectivity

9:55 PM Pearl Zhu No comments

To awaken innovation in the well-established organization, business leaders and professionals should think as an intrapreneur and act as a startup manager.

Digital is the age of innovation. And innovation is what leads to differentiation. There are many ways to differentiate and, therefore, there are many ways to pursue innovation.

The purpose of the book “Unpuzzling Innovation - Mastering Innovation Management in a Structural Way“ is to demystify innovation puzzles in a structural way.

Initiate Innovation Connectivity

InitiateinnovationconnectivityThe 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 vs. Inclusiveness: Creativity is innate with many special ingredients; creativity can be developed if the conditions are right and there is inspiration, inclusiveness, encouragement, and abundance of knowledge. Innovation is then the management discipline to transform those novel ideas and achieve their business value. Many think there is no innovation without inclusiveness. The most advanced societies are diverse mixtures of peoples that can spark creativity and amplify innovation. So, how to involve people with different talents in creative thinking and actions? And how can you help to improve the harvest of the creative seed and accelerate the advancement of society?

Innovation vs. Continuous Improvement Innovation is the larger umbrella term that encompasses continuous improvement, innovation is also expanding its horizon, goes beyond products/services innovation, it could mean business model/process /culture/leadership innovation, as well. They are either the same or different in many ways.

Incremental Innovation vs. Breakthrough Innovation There are two types of Innovations: (a) Radical which may be classified as Breakthrough or Disruptive, and (b) Evolutionary which has two components - Incremental and Spiral. Breakthrough Innovation and Incremental Innovation are not separated items, but rather a continuous flow that goes from innovations that break a market or create a new one to the simplest continuous improvement.

Innovativeness and Innovation Innovativeness is the capacity and competency to innovate, innovation is the act of being innovative and the result of innovativeness. Being innovative is simply about being different - think different, see things differently and figure out the different way to do things. Either individually or collectively, creativity is one of the most critical skills and innovativeness the key differentiator between the leader and the follower.