Thursday, November 3, 2022

Initiativesofinnovation

10:58 AM 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.

Initiatives of Innovation

Initiatives of innovation We are at the intersection of knowledge economy and creative economy, the enterprises today need to become more open and agile for adapting to the changing environment. It also needs to build a healthy working environment in which people are inspired to spur fresh ideas; the best of best ideas can be implemented effectively. In fact, right now, innovation is the only light all businesses need to pursue now. If idea creation is more art than science, and then idea implementation is more science than art.

Initiatives We live in a dynamic environment with information exponentiality, rapid change, and unprecedented uncertainty & ambiguity. If business vision is more art than science, then realizing it is more science than art. There is an alignment between strategic goals and business initiatives management; and there is a road mapping from vision to implementation with the logical scenario.

Initiativesofinvestment Every organization is different, every investment initiative is also unique, there is no one size fits all formula to invest. Good investment approaches help their businesses open up new channels of revenue and monetization within the enterprise, their ecosystem, and the industry.

Initiatives To Innovation Implementation As businesses get more cut-throat in the hyper-connected digital environment, innovation has to become a differentiated business capability of the organization, allowing the business to delight customers, create unique values, win the competition and stay ahead of the game.

Initiatives of global innovation We have moved from the industrial economy to the knowledge economy, now stepping into the hyper-connected and interdependent global economy. Companies today need to understand the dynamic competitive landscape, find global ecosystem partners that can help the business succeed, orchestrate business transformation cross-disciplinarily, going beyond functional, business, industry, or geographical borders, and demonstrate the benefits to the ecosystem at a faster rate with much broader impact in the digital era.