Tuesday, December 6, 2022

Initiateglobalinnovationgovernance

The world has become much more complex and smaller all at once due to blurred territories, virtual interactions, intriguing business relationships.

Our global world is forced to "grow out" of an old paradigm because of constant changes with frequent disruptions in reality. Peoples across the boundaries should refine their knowledge into more unified insight; develop global cognition by learning, experimenting better ways to do things. They not just adapt to a dynamic global environment, but to influence progressive changes constantly. Global leaders articulate strategic visions, navigate directions, set criteria and standards for shaping an advanced global society.

Global governance standard: Global world is dynamic and diverse, there is still a long way to achieving global governance maturity. As the criteria being used by different countries or continents, are bound to vary, relative to their respective economic status regulations. Corporate governance in many nations has evolved leading to some frustration. Hence, it’s always important to clarify the difference between local rules and global principles, common beliefs and universal wisdom. Insightful global leaders will bridge the cognitive difference and bring the new insight of corporate governance to achieve digital agility.

In practice, setting common criteria to make sound judgment and improve problem-solving effectiveness in the vast global society is challenging due to diverse knowledge, culture, religions, traditions. The criteria themselves, regardless of the aforementioned disparities, are founded on the Principles of Corporate Governance. A comprehensive governance framework should promote transparent & harmonized global society, be consistent with the rule of law and clearly articulate the division of responsibilities among different supervisory, regulatory and enforcement authorities across geographical locations. So the basis of difference should be harmonized on the global scale and collective progress can be achieved consistently.

Global innovation agenda: Nowadays, innovation is complex; but it’s the powerful force to not only understand the diversity of the global world with knowledge abundance, but also unify the world for advancing humanity. When looking at global society with an innovative tone and creative people around the world, it’s critical to be inclusive, intellectually curious about enriched worldwide wisdom. To develop an effective innovation agenda requires us to be willing to listen to diverse viewpoints, broaden the perspective to fix misperceptions, break down outdated knowledge, cultures or traditions, develop a global innovation agenda that advocates inclusiveness from different regions, religions, and cultural differences, navigate emerging opportunities to solve problems with global impact, integrate global knowledge, resources and talent to advance a human society.

The abundant information and latest digital technologies should open new possibilities to communicate and collaborate cross-border. Forethoughtful leaders shape a transformational vision, connect interdisciplinary management dots across the global scope, broaden the view of global society, and develop innovation practices. A prioritized global innovation agenda is set for leading significant global progress, including continuous viability and renewal of that global ecosystem or subsystem. An integral global innovation agenda helps organizations recognize challenges, understand boundaries, deal with constraints, frictions, bridge a variety of gaps, share global insight, and orchestrate structural innovation in the global scope effectively.

Global talent parameters:
We are experiencing the paradigm shift from knowledge economy to creative economy, from information to insight, from diversity to inclusiveness; from division to integration. To overcome “global brain drain,” rejuvenate creative energy and reimagine global society, engage global workforce development based on performance and potential to develop global talent competency. The talent niche of global professionals depends on a number of parameters, such as their unique mindset, the mix of knowledge and experience, and the core professional competency.

Often, the traditional talent pipeline is not sufficient enough to select heterogeneous, creative, and influential global professionals. People from different regions, religions, and cultural differences should refine their knowledge into more unified insight; set a certain level of common beliefs and standards for making objective talent assessment. In the global scope, cognitive empathy, talent mobility, culture tolerance, professional sophistication, intellectual influence, etc, are all crucial parameters in evaluating global talent to advance global society. If you can explore alternative talent pools, optimize goal-driven processes, organizations can reach the next level of global talent management fluency.

The world has become much more complex and smaller all at once due to blurred territories, virtual interactions, intriguing business relationships. Digitalization and globalization are mutually reinforcing with each other; collaboration in the global scope requires a much higher degree of innovative thinking, cross-domain knowledge fluency, and integral professional competencies. The emergence of potential opportunities and risks for exploring global society is likely to follow a nonlinear pattern with exponential speed. It's important to create value by identifying opportunities to capitalize on uncertainty and handling volatility to maximize gains, improve competitive positioning as well as drive global innovation performance.

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