Innovation needs to become a new normal and corporate culture, to renew creativity energy, allow people to push boundaries and seek out new frontiers.
Managing innovation structurally demands insightful understanding, patience, persistence, and courage, among other key ingredients. It’s important to ask insightful questions, set a good innovation agendas and initiate continuous conversations that galvanize inspiration and gain traction on a powerful theme of business renewal and growth.
There is more flow of creative ideas, the more is happening. How to accelerate idea validation and streamline innovation processes? It's critical to be open-minded and embrace fresh ideas and figure out alternative solutions. The idea sourcing scenario can improve idea generation, break down conventional thinking, harness interaction and interdisciplinary connection for idea generation, set criteria for idea selection and optimize processes for idea refinement.
Do you have a way of keeping products/services authentic, innovative, user-friendly to customers as it gets unfolded? An idea is just an idea unless executed. Ideas can create unique values when they get implemented to delight customers or advance humanity. Thus, it’s always important to apply convergent thinking in terms of the execution of an idea; clarify the logic of setting up innovative idea development principles or criteria to improve quality, reliability, reusability, customer-centricity, value/cost performance ratio.
In practice, to incorporate design and keep products/services authentic, innovative and user friendly, understand what your customers need, harness cross-functional collaboration, help the business orient itself towards those needs in pursuit of its objectives. It’s important to take a logical innovation scenario by observing, listening, questioning, connecting, understanding, planning, testing, collaborating, for producing personalized solutions to delight customers .
Do you have a harmonized innovation ecosystem in which organizations can constantly streamline idea management and improve innovation success rate? With unprecedented uncertainty and complex business new normal, innovative organizations experiment with open innovation externally, set principles, deploy a range of different management practices, technologies, processes, and solutions to explore digital innovation internally.
The ecosystem is controlled by both internal and external factors; the principles of ecosystem management suggest that rather than managing individual pieces, resources should be managed at the level of the ecosystem itself. To build an innovation hub and develop an ever-evolving business ecosystem, it’s critical to gain the contextual understanding of problems, look for something “hidden”; tap the organization's people-centric ecosystem for the collective perspectives/insights; navigate opportunities for innovation and improve organizational competency.
The digital era upon us is the age of innovation. Innovation needs to become a new normal and corporate culture, to renew creativity energy, allow people to push boundaries and seek out new frontiers. Good ideas are invaluable to make unique value; good innovation can leap the business to the next level of prosperity. Highly innovative organizations with the right dose of innovation appetite can devote more resources towards the future; strike the right balance of incremental innovation and breakthrough innovation for building differentiated competency and unlocking business potential.
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