Saturday, December 17, 2022


Governance is a management enhancement tool with the mechanisms of escalation and resolution used to strengthen the weakest links of innovation management.

The digital era upon us is about innovation, choice and people. Innovation is high-risky because more often you are doing something that hasn't been done before. Governance is critical for meaningful innovation as it provides monitoring and enforcement mechanisms to corporate management. 

Innovation governance is neither linear nor single dimensional; it is the complementary discipline to ensure innovation management effectiveness by making governance issues more “loose control,” and cross-disciplinary. Governance principles need to be assessed, evaluated, and modified to address the latest trend, being focused, effective and accountable to improve innovation success rate.

Advocating governance as a discipline to improve the success rate of innovation: Innovation often means to implement great ideas and maximize their value to business. It has higher risk than any other types of business initiatives. The right level of guidance and process is important, but overly rigid processes or too pushy goals will stifle innovation. Innovation governance is less about control, more about enablement and intelligence, to ensure business running smoothly by minimizing risks.

If governance is deemed to stifle innovation, then it is wrongly understood or implemented. Overly rigid governance might stifle innovation. Portfolio management as a governance process is important, but it doesn't mean all product development should follow a prescribed process that stifles innovation. Innovation governance activities include setting principle guidelines, grounding rules and policies, to harness innovation management disciplines for achieving collaborative high performance results.

Inherent in the social-technical-ecological view of governance disciplines to deal with uncertainty and complexity in innovation management: The more complex contemporary organizations become, the broader scope of corporate governance turns out to be. A good governance standard helps to cultivate a creative culture. Governance should be understood via multidimensional lenses such as innovation, people, and multidimensional value perspectives, and be enforced holistically.

Organizations today are more like organic systems that must keep evolving to adapt to the changing environment. Governance is not only a business enabler, but also a change orchestrator, frame innovation management with trust and flexibility. People are seeing governance as a synonym for quality. It is critical in adopting interdisciplinary governance models, shaping a holistic governance prospect, encouraging innovation and unlocking business performance. Solid governance discipline builds trustful relationships, harness connectivity, raise visibility of their core processes, enforce innovation with trust and flexibility.

Agile governance helps businesses to manage innovation complexity and achieve resilience:
Agile business is indicative of a state of interdependence that has desirable characteristics such as self-organizing and self-regulating. Understanding business for the dynamic complex, but adaptive system that they are, is the starting point for agile governance. Agile governance is more holistic, it is not just a new coined buzzword, but the next governance practices for synchronizing innovation management.

Innovation is risky; the entire point of agile governance discipline is to determine how much you are willing to spend to make decisions faster, and how much risk you are willing to accept to make decisions faster. In practice, participation and people engagement is both means and end for building a highly innovative people-centric digital organization. Agile governance strikes the right balance of creativity and standard; make faster and better decisions, optimize business complexity and improve organizational resilience.

Governance is a management enhancement tool with the mechanisms of escalation and resolution used to strengthen the weakest links of innovation management. It’s crucial to clarify the difference between local rules and global principles, common beliefs and universal wisdom; provide invaluable views, rules, methods, and address the different aspects of governance, to achieve high performance business results.


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