Across multiple organizational silos, you need to manage innovation initiatives via a good alignment of innovators, disruptive technologies, rigorous processes and hybrid structures.
The art of innovation is to inspire imagination, create aha moment, spur novel ideas all the time. The science of innovation is to manage innovation cycles and implement ideas in a systematic manner that provides sustained competitive advantage. Every organization should strive to take innovation initiatives, enforce cross functional collaboration, align processes, resources, and talent smoothly for achieving high performance results.
Organizational management can take initiatives to discover more hotspots of innovation, spark creativity to deal with many old and emerging problems: Innovation shouldn’t be serendipitous, focusing on customers' needs should be an easier path to seed and grow the innovation fruit. Providing new features, customized solutions to customers are always an evolutionary way to innovate. The innovation-generating organization depends more heavily on its technological knowledge and market capabilities to develop and commercialize innovations.
Forethoughtful companies encourage discovery and autonomy, individually or collectively. Take initiatives to discover innovation hotspots, set the principles and standards, apply a systematic approach to identify and develop potentiality into a more solid form and transform it into differentiated business advantage to achieve innovation management excellence.
Innovation initiatives could involve the convergent processes to make unusual combinations of ideas or insight to scale up innovation: Businesses need to learn how to incubate and commercialize ideas more successfully. Innovation management is an iterative divergence-convergence cycle. If divergent thinking spur fresh ideas. The bulk of information, methods, and approaches involved as well as the complexity of processes encountered speaks in favor of the scientific approach for innovation management.
It's also important to develop a set of innovation practices to scale up and amplify its effect. The abundance of information and emerging technologies provide the opportunity to think of a new way to do things, and get really creative on how they integrate and implement ideas, orchestrate the large scale of innovation. To scale up innovation effort, Insightful global leaders can instill thoughtfulness, intelligence, and influence in the organizations, communities, or societies, to amplify innovation effect.
Innovation management initiatives require the highest risk-taking at a strategic value chain: You can't do everything; and there is limited resource and time, so which innovation initiative will you take to maximize the value with calculated risks? Innovation is risky because money and resources spent on R&D is not necessarily a good indicator of future innovation performance. It’s important to set the right dose of innovation appetite to manage a healthy innovation portfolio with the right mix of incremental innovation and breakthrough innovation,
Good innovation leaders have excellent attitudes toward innovation, take calculated risks to inspire good innovation initiatives for capturing growth opportunities, be cautious about obstacles or pitfalls, demonstrate rational risk management skills to weigh risks and rewards, take prudent risks and discover better ways to mitigate risks rather than eliminate them, and improve innovation risk intelligence.
Due to the fact that innovating in today’s digital world has become increasingly complex in nature, innovation initiative overall has a very low success rate. Across multiple organizational silos, you need to manage innovation initiatives via a good alignment of innovators, disruptive technologies, rigorous processes and hybrid structures. The evolution of innovation only exists in the more open environments in which novel ideas can be generated and implemented to achieve unique business value, improve organizational competency and maturity consistently.
Organizational management can take initiatives to discover more hotspots of innovation, spark creativity to deal with many old and emerging problems: Innovation shouldn’t be serendipitous, focusing on customers' needs should be an easier path to seed and grow the innovation fruit. Providing new features, customized solutions to customers are always an evolutionary way to innovate. The innovation-generating organization depends more heavily on its technological knowledge and market capabilities to develop and commercialize innovations.
Forethoughtful companies encourage discovery and autonomy, individually or collectively. Take initiatives to discover innovation hotspots, set the principles and standards, apply a systematic approach to identify and develop potentiality into a more solid form and transform it into differentiated business advantage to achieve innovation management excellence.
It's also important to develop a set of innovation practices to scale up and amplify its effect. The abundance of information and emerging technologies provide the opportunity to think of a new way to do things, and get really creative on how they integrate and implement ideas, orchestrate the large scale of innovation. To scale up innovation effort, Insightful global leaders can instill thoughtfulness, intelligence, and influence in the organizations, communities, or societies, to amplify innovation effect.
Good innovation leaders have excellent attitudes toward innovation, take calculated risks to inspire good innovation initiatives for capturing growth opportunities, be cautious about obstacles or pitfalls, demonstrate rational risk management skills to weigh risks and rewards, take prudent risks and discover better ways to mitigate risks rather than eliminate them, and improve innovation risk intelligence.
Due to the fact that innovating in today’s digital world has become increasingly complex in nature, innovation initiative overall has a very low success rate. Across multiple organizational silos, you need to manage innovation initiatives via a good alignment of innovators, disruptive technologies, rigorous processes and hybrid structures. The evolution of innovation only exists in the more open environments in which novel ideas can be generated and implemented to achieve unique business value, improve organizational competency and maturity consistently.
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