Innovation is for business competitiveness and renewal. Innovation differentiates industrial leaders from laggards.
To encourage innovation that has the ability to truly change the course, an organization needs creative people who think out of the box and don't always constrain their thinking with the organizations’ current capability, take initiatives for improving organizational innovation capacity and competency.
It’s important to build a powerful innovation navigation system that involves tapping the organization's ecosystem for capturing opportunities to innovate: Innovation comes with a foresight to envision a need that others overlook or ignore and to satisfy visions. Corporations are facing daunting tasks of navigating the business context with largely uncharted territories. An interdisciplinary lens allows the organization to explore fresh ideas in all directions and experiment with innovation courageously.
Innovation navigators play a critical role in envisioning future trends of vertical industries or business ecosystems and discovering potential innovation opportunities. The most powerful innovation navigation system involves tapping the organization's ecosystem for collective perspectives and knitting all critical business elements such as people, processes, and technology into transcendent innovation competency.
It’s critical to leverage information technology for uncovering hot spots of innovation: Digital is the age of innovation, innovations often happen at the intersection of people and technology. From the business management perspective, innovation opens up new possibilities of combining existing business competencies in new ways which can form distinctive competencies as a stepping stone for doing more creative changes.
Innovative organization leverages information technology to catalyze innovation and drive business growth. Organizational leaders need to be proactive and get really creative on how they apply emerging information technology to identify opportunities for innovation, and ensure information technology is strategically positioned to be ahead of where the business is moving now.
It’s crucial to improve resource management for catalyzing innovation: Organizations have limited resources, resource is often the bottleneck for business management. Business management needs to make an objective assessment of their resource availability and allocation by checking up: how many resources will you need and to what extent are these resources available to build desired capabilities such as innovation.
When business prioritization changes, rebalancing resources and redirecting people to learn and achieve for reinventing the business is crucial to improve organizational capacity for innovation. In fact, resource management becomes an important management discipline to keep processes transparent, optimize cost, set priorities, close the resource and investment gap and improve innovation portfolio effectiveness.
The world becomes more dynamic, innovation is for business competitiveness and renewal. Innovation differentiates industrial leaders from laggards. Organizations that are able to successfully innovate at a breakthrough level can increase the likelihood that they can prosper in new markets that they create and improve long term business advantages.
Innovation navigators play a critical role in envisioning future trends of vertical industries or business ecosystems and discovering potential innovation opportunities. The most powerful innovation navigation system involves tapping the organization's ecosystem for collective perspectives and knitting all critical business elements such as people, processes, and technology into transcendent innovation competency.
It’s critical to leverage information technology for uncovering hot spots of innovation: Digital is the age of innovation, innovations often happen at the intersection of people and technology. From the business management perspective, innovation opens up new possibilities of combining existing business competencies in new ways which can form distinctive competencies as a stepping stone for doing more creative changes.
Innovative organization leverages information technology to catalyze innovation and drive business growth. Organizational leaders need to be proactive and get really creative on how they apply emerging information technology to identify opportunities for innovation, and ensure information technology is strategically positioned to be ahead of where the business is moving now.
When business prioritization changes, rebalancing resources and redirecting people to learn and achieve for reinventing the business is crucial to improve organizational capacity for innovation. In fact, resource management becomes an important management discipline to keep processes transparent, optimize cost, set priorities, close the resource and investment gap and improve innovation portfolio effectiveness.
The world becomes more dynamic, innovation is for business competitiveness and renewal. Innovation differentiates industrial leaders from laggards. Organizations that are able to successfully innovate at a breakthrough level can increase the likelihood that they can prosper in new markets that they create and improve long term business advantages.
0 comments:
Post a Comment